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What next for stocks of IT firms
Page 13 - Latest Updates on What next for stocks of IT firms
Infosys, TCS rally up to 7% post Q3 results; brokerages remain optimistic
The silver lining of the performances of these companies during the quarter was the total contract value (TCV) signed, which continued to show a healthy momentum.
 "Infosys, TCS rally up to 7% post Q3 results; brokerages remain optimistic")
IT stocks power tired markets to new highs; Sensex, Nifty gain over 1%
BSE IT index soars over 5%; analysts warn caution ahead
 "IT stocks power tired markets to new highs; Sensex, Nifty gain over 1%")
IT stocks decline amidst growth concerns pulls Indian equity benchmarks
Brokerages have been advising their clients to tread cautiously while taking positions in IT stocks, citing weakness in discretionary demand
 "IT stocks decline amidst growth concerns pulls Indian equity benchmarks")
Bulls have tired legs, look for fresh triggers; indices end in the red
Equity benchmarks decline amid profit-booking, Red Sea tensions
 "Bulls have tired legs, look for fresh triggers; indices end in the red")
Indian shares, bonds likely to continue rallying in 2024 on foreign inflows
Banks, information technology firms and metals will lead India's stock rally, with some push from defence and renewables, a market expert said
 "Indian shares, bonds likely to continue rallying in 2024 on foreign inflows")
Infosys dips 2% on termination of $1.5 bn multi-year deal with global firm
On September 14, 2023, Infosys had announced the signing of a $1.5 billion deal with a global company (which they had not named).
 "Infosys dips 2% on termination of $1.5 bn multi-year deal with global firm")
TMS 589: Funding winter, IT defer hikes, markets, two-state solution
Is India's funding winter thawing? Why is IT sector facing painful readjustments? Do IT stocks have more steam left? What is the two-state solution? All answers here
 "TMS 589: Funding winter, IT defer hikes, markets, two-state solution")
Nifty IT index surges 3%; Mastek, Sonata, Mphasis, Coforge rally up to 9%
At 10:12 AM, Nifty IT index, the top gainer among sectoral indices, was up 2.7 per cent
 "Nifty IT index surges 3%; Mastek, Sonata, Mphasis, Coforge rally up to 9%")
Stock of this IT firm soars 55% in one month; up 141% from issue price
Netweb Technologies India hit a record high at Rs 1,206.50, and has rallied 10% on the BSE in Tuesday's intra-day trade.
 "Stock of this IT firm soars 55% in one month; up 141% from issue price")
TCS hits 52-week high; extends rally post closure of share buyback
The stock was quoting higher for the eight straight trading session and rallied 6 per cent thus far in December.
 "TCS hits 52-week high; extends rally post closure of share buyback")
Stocks to Watch today: IREDA, Zomato, Siemens, PCBL, Aster DM, IOC, IT
Stocks to watch on Wednesday, November 29, 2023: IREDA is likely to debut on a strong note on the bourses today following the robust response received to its recently concluded IPO.
 "Stocks to Watch today: IREDA, Zomato, Siemens, PCBL, Aster DM, IOC, IT")
Power, building materials, IT stocks bear biggest brunt of FPI selloff
During the first fortnight of October, foreign portfolio investors (FPIs) withdrew Rs 2,069 crore from the power sector and around Rs 1,500 crore each from infrastructure and IT
 "Power, building materials, IT stocks bear biggest brunt of FPI selloff")
TMS Ep542: Job market, corporate governance, IT stocks, Operation Ajay
What explains the duality in India's job market? Are Indian family businesses serious about governance? Should investors buy the dips in IT stocks? What is Operation Ajay? All answers here
 "TMS Ep542: Job market, corporate governance, IT stocks, Operation Ajay")
Infosys slips 4%, hits 6-week low on surprise revenue guidance cut in Q2
Infosys's revenue guidance is a negative surprise and likely factor in impact from these ramp downs as well as backend ended and delayed ramp up in mega deal, according to analysts.
 "Infosys slips 4%, hits 6-week low on surprise revenue guidance cut in Q2")
Infosys Q2FY24 preview: Subdued earnings on cards despite mega deal wins
Infosys Q2FY24 results preview: Infosys' net profit may rise just 3.8 per cent on-year to Rs 6,252 crore, while revenue may see a 5 per cent uptick to Rs 38,437 crore
 "Infosys Q2FY24 preview: Subdued earnings on cards despite mega deal wins")
Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts
Nirmal Bang analysts suggest investors use the gains to pare positions if overweight, especially in the tier-2 IT pack
 "Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts")
HCLT, Infosys: Morgan Stanley ups target price of IT stocks by up to 29%
Among individual stocks, Morgan Stanley has maintained their overweight rating on HCLT, LTIMindtree and Infosys within the large-caps.
Intellect Design Arena rallies 5% on securing new banking contract
The company's consumer banking arm has inked an agreement with AFC Commercial Bank to modernise its banking operations.
 "Intellect Design Arena rallies 5% on securing new banking contract")
TCS gains 3%, hits 52-week high in range-bound market
TCS continues to witness robust demand for cloud migration, digital engineering, product innovation, and enterprise application solutions, according to analysts
Power, IT, capital goods stocks attract highest FPIs flows, shows data
Meanwhile, they were net sellers in metal stocks worth Rs 5,930 crore, financial services worth Rs 3,672 crore, and oil, gas and consumables worth Rs 1,778 crore
 "Power, IT, capital goods stocks attract highest FPIs flows, shows data")