Page 25 - Latest Updates on What next for stocks of IT firms

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.

FMCG's premium valuation over IT sector likely to shrink, say analysts

Strong growth for the tech sector, margin headwinds for FMCG firms to tilt the scale in favour of the former, say analysts

Accenture Q2FY21 earnings: Five ways in which it can impact Indian IT

Accenture's Q2FY21 revenue beat, bookings at historically high and improvement in demand trends even in stressed verticals were among the key highlights from Accenture's Q2 show

Stocks to watch: Easy Trip, RIL, Deepak Nitrite, Bharti Airtel, IT stocks

Shares of Reliance Industries and Future Group companies could react after the Delhi High Court upheld the Emergency Award that Amazon had won against Future Retail-RIL deal

Nifty IT index slips over 4% on profit booking; Infosys, HCL Tech tank 5%

In the month of March, the IT index has outperformed the market by surging 7.7 per cent as against a 1.3 per cent gain in the benchmark index till Wednesday

Sensex sheds 397 points today: Five key factors behind the fall

Weakness in index heavyweight Reliance Industries and banking and financial stocks was what dragged indices lower even as IT stocks, without much success, tried to cushion the fall

TCS, Infosys: These IT stocks may help Nifty50 claim new high

An up move above 26,000 levels may trigger a rally towards 27,000-mark in the Nifty IT index

Wipro's $1.45 bn deal with Capco disappoints Street; here's why

Wipro on Thursday said the acquisition will provide it access to 30 new large banking and financial clients and strengthen its position in the BFSI sector

Sensex reclaims 50,000, Nifty up over 1%; auto and IT stocks shine

Though some Asian markets pared gains after China's top banking regulator raised concerns over asset bubbles, the Indian markets outperformed

MF energy exposure off 280 bps since July, at near 3-yr low; IT at new high

According to one analysis, about 6.9% of equity scheme assets were invested in energy firms, close to 12% in IT