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What next for stocks of IT firms
Page 16 - Latest Updates on What next for stocks of IT firms
Stocks to Watch: TCS, Paytm, PTC, Lodha, Heritage Foods, Electronics Mart
Stocks to Watch: TCS and other IT stocks in focus, as the Tata Group IT major will be reporting its Q3 earnings on Monday.
 "Stocks to Watch: TCS, Paytm, PTC, Lodha, Heritage Foods, Electronics Mart")
TCS Q3 preview: Margins to expand sequentially; Revenue may grow 16-18% YoY
TCS Q3 results preview: As per brokerage estimates, TCS may post up to 18 per cent Yo revenue growth to an average of Rs 57,446 crore. The bottom line could rise 10-16 per cent to around Rs 11,046 cr
 "TCS Q3 preview: Margins to expand sequentially; Revenue may grow 16-18% YoY")
Sensex sinks 637pts, gives up 61K, Nifty near 18K; Realty, Metals top drags
CLOSING BELL: TCS, Maruti, Divis's Labs, HDFC Life and Dr Reddy's were among the handful of stocks that held minor gains
 "Sensex sinks 637pts, gives up 61K, Nifty near 18K; Realty, Metals top drags")
Accenture's retained FY23 guidance hints slowdown for IT firms: Analysts
For FY23, Accenture has maintained its 8-11 per cent growth guidance. This is reportedly the first time since FY17 that the company has not upgraded its full-year guidance after the first quarter
 "Accenture's retained FY23 guidance hints slowdown for IT firms: Analysts")
Nifty IT index slips 5% in two days on earnings, valuation worries
Recently, HCL Technologies said that its FY23 revenue could be at the lower end of the guidance; Credit Suisse warned valuation-led correction in these stocks amid US macro headwinds.
 "Nifty IT index slips 5% in two days on earnings, valuation worries")
Foreign outflows, weak IT sector stocks weigh on benchmark indices
Sensex declines in 4 out of 5 sessions in the week, Nifty50 in 3 sessions
 "Foreign outflows, weak IT sector stocks weigh on benchmark indices")
IT stocks tumble as Credit Suisse warns of valuation-led correction
Indian IT valuations, the brokerage and research house argues, are at large premium to history despite material correction from the top
 "IT stocks tumble as Credit Suisse warns of valuation-led correction")
Stocks to Watch: Adani Green, Tata Motors, Kirloskar Bros, Dhunseri Tea
Stocks to Watch Today: Read analysis on why value investors could be seen taking selective punts on IT stocks in the near future.
Nifty IT index surges 2%; Infy, TCS, Tech Mahindra, Coforge gain up to 3%
The US market ended higher overnight, led by gains in technology stocks, after US Federal Reserve chairman indicated that the central bank may slow pace of rate hikes. Nasdaq Composite jumped 4.4%
 "Nifty IT index surges 2%; Infy, TCS, Tech Mahindra, Coforge gain up to 3%")
Indices end three-day losing streak as metal, IT stocks see big gains
Only five counters closed with losses -Nestle India, Bharti Airtel, PowerGrid, HDFC Bank and Kotak Mahindra Bank, slipping up to 0.76%
 "Indices end three-day losing streak as metal, IT stocks see big gains")
Kaynes Technology makes stellar debut, lists at 33% premium to issue price
The stock listed at Rs 778 on the NSE, a premium of 33 per cent over its issue price of Rs 587 per share.
 "Kaynes Technology makes stellar debut, lists at 33% premium to issue price")
R Systems zooms 20% on Blackstone's open offer to acquire majority stake
Blackstone has made an offer for acquiring up to 57.17 million equity shares, representing 48.33 per cent of R Systems equity, at Rs 245 apiece.
 "R Systems zooms 20% on Blackstone's open offer to acquire majority stake")
IRCTC, Zomato, Infosys: Is investors' love for digital India over?
Some of the other 'digital / new-age' companies debuted at a steep valuation compared to the traditional technology firms. The rally fizzled out as they failed to make a decent profit
 "IRCTC, Zomato, Infosys: Is investors' love for digital India over?")
Use corrections in IT sector as buying opportunities, say experts
Stellar long-term track record, growing digitalisation augur well for IT sector funds
 "Use corrections in IT sector as buying opportunities, say experts")
Indian shares rise as IT and automobile stocks boost, crude prices fall
The NSE Nifty 50 index rose 0.97% to 17,959.30 as of 0402 GMT, and the S&P BSE Sensex was 0.99% higher at 60,555.83.
 "Indian shares rise as IT and automobile stocks boost, crude prices fall")
Gloomy results by Alphabet, Microsoft stoke fears of a global downturn
Alphabet leads Big Tech sell-off after reporting slowdown in ad growth, Microsoft's cloud revenue softer than expected
 "Gloomy results by Alphabet, Microsoft stoke fears of a global downturn")
Financials, IT, FMCG see highest FPI sell-off in first fortnight of October
Overseas funds dumped Rs 4,081 crore worth of shares of companies in the financial services sector, while IT shares worth Rs 1,665 crore were sold, according to data collated by primeinfobase.com
 "Financials, IT, FMCG see highest FPI sell-off in first fortnight of October")
Similar P/E for cement & IT 'extraordinary': Kotak Institutional Equities
Brokerage says IT services firms score over cement on key parameters such as return on average capital employed, free cash flow to Ebitda ratio, dividend, and buyback payouts vis-a-vis PAT
 "Similar P/E for cement & IT 'extraordinary': Kotak Institutional Equities")
F&O Strategy: Nandish Shah recommends Bull Spread Strategy on HCL Tech
The derivative analyst from HDFC Securities recommends buying HCL Technologies 1020 Call and selling 1040 Call of the October series.
 "F&O Strategy: Nandish Shah recommends Bull Spread Strategy on HCL Tech")
Markets extend gains for 5th session on fag-end buying IT stocks shine
World stocks were largely negative ahead of a slew of central bank meetings