Page 14 - Latest Updates on What next for stocks of IT firms

IT stocks gain post TCS decent Q1 results; Mphasis, Sonata rally up to 6%

IT stocks today: TCS, Mphasis, Accelya Solutions India, Sonata Software, and Kellton Tech Solutions rose in the range of 3 per cent to 6 per cent

TCS Q1 Preview: Margin pressure to weigh; net profit may rise 6-9%

Tata Consultancy Services (TCS) is expected to register a single-digit growth in revenue and profit for the April-June quarter of fiscal year 2024-25 (Q1FY25)

Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results

Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector

Nifty IT index jumps 2%; Tech Mahindra, Persistent trade at 52-week highs

The Nifty IT index has outperformed surging 14% in the last one month owing to the recent portfolio shift after the election outcome, and hope for a better calendar year 2025.

Accenture Q3 results: Demand slowdown in Indian IT bottoming, say analysts

What Accenture results mean for Indian IT: Analysts believe FY25 Street estimates for Indian IT companies have been adequately rationalised, implying little downgrade risk from current levels

IT index records sharpest intraday rally in over 4 months; up 9% in 3 days

Infosys, Wipro, Coforge, Persistent Systems, Mphasis and LTIMindtree rallied up to 6% on the NSE

RBI's GDP projections, gains in IT stocks help Indian shares trade higher

The NSE Nifty 50 index was up 1% at 23,060 points and the S&P BSE Sensex added 1.2% to 75,941 points after the rate decision

Wipro share zooms 5% on inking $500 million deal, top gainer on BSE, NSE

The share was also the top gainer on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)

Nvidia impact: Mastek stock zooms 15% on heavy volumes, up 32% in 3 days

The company informed the stock exchange that it has advanced its icxPro platform with NVIDIA AI Enterprise to boost customer experience (CX) solutions powered by AI.

Global investors' preference for AI hits India IT stocks' heft as tech bets

Traditional software companies' earnings and valuations are at risk because their business models are not evolving with the times, said Deven Choksey, managing director of DRChoksey FinServ Pvt

Soft US inflation data pushes markets higher; Sensex gains 677 points

Indices post biggest gains in two weeks

Intellect Design Arena stock tanks 16% on heavy volume post Q4 results

Intellect Design Arena stock update: The company has indicated a revenue growth of 15 per cent for FY25, adjusted for GeM exit.

Lok Sabha elections outcome: This sector has gained every time since 2004

Unlike other general election years, analysts expect the Nifty IT index to underperform the markets in the near-term amid muted demand environment and client caution around discretionary spends

Infosys Q4 results: Net profit jumps 30% to Rs 7,969 crore, revenue up 1.3%

Shares of Infosys on Thursday closed at Rs 1,420.55 apiece on BSE ahead of its Q4FY24 results

TCS trades firm in weak market on strong Q4 show; brokerages remain upbeat

TCS reported a 9.1 per cent YoY growth in net profit at Rs 12,434 crore for Q4FY24, while revenue from operations rose by 3.5 per cent.

Ramco Systems zooms 20% on signing deal with Korean Air

The company has entered into an agreement with South Korea's largest airline, to implement its flagship aviation software, Ramco Aviation Suite at the airline's Engine Maintenance Center.

Infosys jumps 2% on hopes of Rs 6,329 cr tax refund

Over the weekend, Infosys received multiple orders from IT department with regards to tax demands and potential refund.

TCS says it trained over 350,000 employees in generative AI skills

Country's largest IT services company TCS on Friday said it has trained 3.5 lakh employees in generative AI skills. The company, which had in January announced that 1.5 lakh staffers are trained in the skill sets of what is said to be the biggest opportunity for IT services firm in the future, has now taken the number up to over half its employee base. "With over 350,000 employees trained on foundational skills in GenAI, TCS is well-poised to build one of the largest AI-ready workforces in the world," an official statement said. In 2023, it had become the first technology company to create a dedicated business unit for AI and cloud to address the growing needs of customers for cloud and AI adoption. TCS' work till now includes application of GenAI to enhance customer experience for airlines featuring natural conversations with customers when their flight is delayed or cancelled, and alternative routing options. It has also tapped into GenAI capabilities to streamline and simplify t

IT shares sink as Accenture cuts guidance; TCS, Infosys and HCLTech fall

FY25 outlook muted for the sector, say analysts

Stocks to Watch on Mar 22: Bharat Dynamics, IT stocks, Prestige, L&T, PCBL

Stocks to Watch on March 22, 2024: Bharat Dynamics' board has approved an Interim Dividend of Rs 8.85 and a stock split of one share into two shares