Page 23 - Latest Updates on What next for stocks of IT firms

Changes in interest rates, liquidity to drive mkt: Nippon India MF's Bhan

Sailesh Raj Bhan says earnings in Q1 have been better than market expectations in sectors that have been supported by the recovery of global growth like IT services and metals

Markets end flat after scaling new peaks; TCS rises over 1%

After touching its all-time high of 56,198.13 in early trade, the 30-share BSE Sensex ended 14.77 points or 0.03 per cent lower at 55,944.21

Mindtree rallies 6%, hits new high in a weak market; zooms 101% in 6 months

In Q1FY22, the company saw healthy order book led by closure of certain deals (especially BFSI), increase in multi-year deals , renewals, higher demand from retail & CPG clients

Sensex touches 56,000 but ends in the red; bank stocks tumble

Snapping its four-session record-setting spree, the the 30-share benchmark closed 162.78 points or 0.29 per cent lower at 55,629.49

BSE IT index surges 12% in 4 weeks; KPIT, Tech Mahindra rally over 25%

In the past four weeks, the BSE IT index has outperformed the market by surging 12 per cent, as compared to a 6.4 per cent rise in the S&P BSE Sensex

Sensex, Nifty soar to fresh lifetime highs; power, IT stocks spurt

The Sensex and Nifty darted up to fresh all-time highs on Thursday as investors lapped up power, IT and banking stocks amid mixed global cues. A strengthening rupee, which surged 19 paise against the US dollar, further lifted sentiments, traders said. The 30-share BSE Sensex climbed 318.05 points or 0.58 per cent to close at its fresh record of 54,843.98. Intra-day, it scaled al all-time high of 54,874.10. Similarly, the broader NSE Nifty advanced 82.15 points or 0.26 per cent to its lifetime peak of 16,325.15. PowerGrid was the top gainer in the Sensex pack, rallying 6.22 per cent, followed by Tech Mahindra, HCL Tech, Titan, L&T, NTPC and ICICI Bank. On the other hand, Dr Reddy's, IndusInd Bank, Axis Bank, M&M, Reliance Industries and SBI were among the laggards, dipping up to 0.67 per cent. Market breadth was positive, with 21 Sensex stocks closing in the green, while 9 suffered losses. "Market breadth continued to be skewed in favour of the bulls amidst mixed global cues ...

No longer discounted: Mid- and small-cap IT firms enjoy premium at bourses

This is a contrast to last year, when mid- and small-cap IT companies traded at a P/E multiple of 13.3x at the end of March 2020

Sensex, Nifty eke out gains after intense buying mainly in IT shares

Equity gauges Sensex and Nifty firmed up gains on Wednesday as a result of intense buying mainly in IT shares amid expectations of robust quarterly earnings and favourable economic data. At close, the BSE Sensex quoted 134.32 points or 0.25 per cent higher at 52,904.05 recovering from its early losses to mark its second straight session of gains. Likewise, the broader NSE Nifty advanced 41.60 points or 0.26 per cent to end at 15,853.95 the third straight session of gains for the index. On the Sensex chart, top three performers were IT firms, with Tech Mahindra gaining the most by rising 2.69 per cent, followed by HCL Tech and Infosys. Other notable winners were L&T, Tata Steel, ITC and TCS. On the other hand, Maruti, HUL, Nestle India, Dr Reddy's and Reliance were among the laggards. Sectorally, BSE IT, teck, capital goods, healthcare, and metal indices ended up to 2.25 per cent higher, while realty, oil and gas, energy and auto indices closed in the red. Broader midcap and ...

BSE IT index hits record high; Wipro, Tech M too scale new peaks

A total 10 stocks including Mastek, Mindtree, Happiest Minds Technologies, Mphasis and Coforge too hit their new highs in Friday's intra-day deals

Indian shares open higher with IT, energy companies gaining the most

Indian shares rose on Thursday, with information technology and energy companies gaining the most, as investors awaited US inflation data and the outcome of a European Central Bank meeting

Chart check: Nifty IT index could double in one year. Stay put

The Nifty IT index has managed to conquer the resistance of 27,500 which suggests a further upside towards 28,200 and 28,500 levels

From SBI to JSW Steel, a dozen Nifty stocks hit lifetime highs in May

IT companies dominate the list of stocks that hit lifetime highs this year, followed by banks and financial services.

IT shares in focus; Wipro, Mindtree, Persistent, Mphasis at new highs

TCS was quoting higher for the fifth straight day, gaining 5% during the period, as compared to 3% rise in the benchmark indices

Credit Suisse cuts metals stocks from overweight to underweight

"We book profits on metals, reversing positions added in December-20 and earlier, as P/B relative to market is near a 10-year high," Credit Suisse said

High dividend payout driving rally in IT stocks; m-cap of top 5 up 87%

Since FY15, top 5 IT firms' share price has risen 116% against 132% increase in cash-pay out

Mphasis shares decline 2% on muted March quarter performance

Mphasis Q4 results: Net profit margins contracted from 15.06 per cent in the year ago period to 12.56 per cent in the quarter under study. The margin also declined 60 bps on sequential basis

Street signs: Nifty slips below 100-DMA, small IT stocks soar and more

Analysts are bullish on small and mid-sized IT companies despite the downturn in the market

Wipro pips HCL Tech in m-cap to become third most-valued Indian IT firm

At 09:37 am, Wipro's market-cap stood at Rs 2.65 trillion while that of HCL Technologies was Rs 2.62 trillion, BSE data shows

Ebit margin drop, BFSI boost: Analysts' expectation from Wipro's Q4 nos

Wipro shares, so far for the year, have risen 8.5 per cent as against a gain of 3.7 per cent in the NSE Nifty index during the same duration

Infosys shares climb nearly 2%; M-cap rallies by over Rs 6 trillion

Shares of Infosys on Monday gained nearly 2 per cent with its market valuation crossing over Rs 6 lakh crore mark following buying in other IT stocks.