Page 18 - Latest Updates on What next for stocks of IT firms

Zensar Technologies soars 10% to hit 52-week high on strong Q4 results

For the entire fiscal year (FY22-23), operating revenues jumped 14.2 per cent YoY to Rs 4,848 crore for the IT company, whereas gross profit gained 2 per cent to Rs 1,348 crore

Wipro gains 3% on announcing Rs 12,000 crore share buyback via tender route

The IT services major intends to buy back about 4.91 per cent of its shares at Rs 445 per share through tender route

L&T Technology Services soars 8% on healthy Q4 results, strong outlook

For FY24 the company has guided CC revenue growth of 20 per cent plus with organic growth of 10 per cent plus.

KPIT Technologies rallies 11% in 2 days, hits new high on strong Q4 results

For FY24 the company has guided CC revenue growth of 27-30 per cent & EBITDA margin of 19-20 per cent.

Wipro Q4 preview: Soft quarter likely; share buyback, Q1FY24 guidance eyed

Wipro Q4FY23 preview: As per an average of brokerage estimates, the company could report an average of Rs 23,586 crore of revenue, up 12-13.2 per cent year-on-year (YoY)

Stock of this digital transformation solutions provider soars 33% in 2 days

Thus far in the current calendar year 2023, the stock price of Saksoft has nearly doubled or zoomed 99 per cent, as compared to 2 per cent decline in the S&P BSE Sensex.

Wipro gains 3% as board to consider share buyback on April 27

In past one year, Wipro has underperformed the market by falling 29%, as compared to 6% rise in the S&P BSE Sensex.

Cyient extends rally on strong Q4 results; stock zooms 52% so far in CY23

The recent stock run-up largely captures growth momentum; expensive valuation limits upside, analysts at ICICI Securities said.

Cyient surges 9%, hits 52-week high on strong Q4 results

Overall, from a macro standpoint, the business outlook remained strong with no material impact on the BUs, except for few sub-segments, analysts said.

HCL Technologies gains 3% post March quarter results

HCL Tech's guidance of 18-19 per cent EBIT margin in FY24, despite prevailing uncertainties and larger share of cost take out deals in pipeline, suggests good cost control measures.

Losing favour: IT sector weighting in Nifty50 at 5-year low of 12.2%

Gives up most of the gains in market cap in post-pandemic period

Mastek surges 11% on strong March quarter results

Healthy growth during the quarter was fueled by strong in-quarter execution and demand for Digital Engineering, Experience, and Cloud Transformation services.

HCL Tech Q4 preview: Weak software segment to drag profit by 4-9% QoQ

HCL Tech Q4FY23 preview: The firm's Ebit margin is likely to decline on a QoQ basis to 18.1-18.6 per cent. This stood at 19.6 per cent in Q3FY23

TMS Ep413: Non-exec chairman, retail zones, IT stocks, safe harbour rules

Time to ease up on non-exec chairman and directors? Can brands create exclusive retail zones in India? Can IT stocks trigger a market correction? What are safe harbour rules? Answers here

Infosys can slip below Rs 1,000 levels; TCS can hit Rs 2,900, charts show

Nifty IT index may fall up to 3 per cent post hitting a new 52-week low, trend turns bearish.

Infosys tanks 12%, hits 52-week low on disappointing March quarter results

The company's performance was subdued owing to unplanned project ramp-downs and delays in decision-making by the clients.

Pivot point for Nifty stands at 17,858, chart suggests

In case the Nifty faces resistance at 17,858, Ravi Nathani recommends adopting buy on dips strategy with support around 17,610 and lower levels.

TCS Q4 review: Near-term growth to moderate, demand levers intact: Analysts

TCS Q4 results review: Going ahead, most brokerages expect an inevitable slowdown for the company in the near-to-medium term

Infosys Q4 Preview: Profit may weaken sequentially; FY24 guidance eyed

The quantum of deal pipeline, nature of large deals, pace of decision-making and drivers of consolidation trend will also be closely tracked

Financial, IT stocks aid Indian shares snap three-month losing streak

The Nifty 50 index closed 1.63% higher at 17,359.75. The S&P BSE Sensex rose 1.78% to 58,991.52. Both the indexes logged their best day in since Nov. 11