Page 15 - Latest Updates on What next for stocks of IT firms

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

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

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.

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

HCL Tech surges 4% on inking $2.1 billion deal with Verizon Communications

HCL Tech expects this deal to have a positive revenue impact over the next six years beginning in November 2023 with an estimated new total contract value of US$ 2.1 billion over the term.

Cautious outlook

Growth in the IT sector will be slow

Information technology companies battle revenue slowdown, margin decline

The meltdown in IT stocks on Friday was triggered by the Infosys results and projections announced the previous day

Losing the grip: Markets' record run hits earnings reality hurdle

Sensex, Nifty post biggest loss since March 13

More downside seen in Infosys earnings estimate; stock to derate: Analysts

Infosys Q1 result review: Brokerages have unanimously reduced FY24 EPS estimates for the company in the range of 2-4 per cent, though the Street is likely fearing even further downside, they say

Infosys may beat peers on Q1 profit growth; risk to revenue guidance eyed

Infosys may post a net profit of Rs 6,245 crore for Q1, up 2 per cent sequentially, much better than the 3-11 per cent QoQ slide in net profits of TCS, HCL Tech and Wipro

Wipro hits 10-month high; stock surges 7% in 2 days post Q1 results

For Wipro, the long-term outlook is expected to improve as demand is set to get back on track as well as investment in Automation and Gen AI based products & solutions will aid growth, analyst said

TMS Ep477: Urban planning, online gaming, markets, gross gaming revenue

Where did India's urban planning go wrong? Is online gaming headed for another shock? Has a Dalal Street priced in demand woes for IT stocks? What is gross gaming revenue? All answers here

IT stocks log biggest gain in nearly three years as growth worries ebb

Nifty IT index jumps 4.5%; Bellwether TCS leads the gain

Nifty IT index gains 6% in 2 days; Tech Mahindra, Coforge hit 52-week highs

Mphasis surged 4 per cent, while TCS, Infosys, HCL Technologies and L&T Technology Services gained in the range of 2 to 3 per cent

Wipro Q1FY24 result analysis: How brokerages have interpreted the numbers

On Friday, the stock traded flat at the bourses, in line with the benchmarks, rising a modest 0.2 per cent to Rs 395 levels

Sensex scales all-time high of 66,000 intraday for the first time

The gains by IT majors also contributed to the index's gains

Wipro's Q1 revenue may slip up to 2.3% QoQ; flat margins likely: Analysts

Wipro Q1FY24 preview: According to brokerages, revenue volatility is likely to keep Ebit (earnings before interest and tax) margins range-bound in Q1FY24, pegged between 15.5-16.1 per cent

Stocks to Watch today, July 12: TCS, HCLTech, Delta Corp, Nazara, Lupin

Stocks to watch on July 12, 2023: IT majors TCS and HCL Technologies will report Q1 earnings today, Wednesday.