Page 9 - Nifty It Stocks
Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results
Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector
 "Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results")
IT index records sharpest intraday rally in over 4 months; up 9% in 3 days
Infosys, Wipro, Coforge, Persistent Systems, Mphasis and LTIMindtree rallied up to 6% on the NSE
 "IT index records sharpest intraday rally in over 4 months; up 9% in 3 days")
Wipro share zooms 5% on inking $500 million deal, top gainer on BSE, NSE
The share was also the top gainer on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
 "Wipro share zooms 5% on inking $500 million deal, top gainer on BSE, NSE")
Infy, Sumitomo Chemical, MTAR Tech; top picks from Anand Rathi for May 27
Over the past few months, Infosys' stock has been consolidating within a narrow trading range, approximately between Rs 1,400 and Rs 1,450
 "Infy, Sumitomo Chemical, MTAR Tech; top picks from Anand Rathi for May 27")
Lok Sabha elections outcome: This sector has gained every time since 2004
Unlike other general election years, analysts expect the Nifty IT index to underperform the markets in the near-term amid muted demand environment and client caution around discretionary spends
 "Lok Sabha elections outcome: This sector has gained every time since 2004")
HCLTech Q4 preview: Here's what brokerages expect from IT major
Key factors, analysts believe, would be deal pipeline, pricing scenario, and outlook on growth, operating margins and products and platforms (P&P) business
 "HCLTech Q4 preview: Here's what brokerages expect from IT major")
IT shares sink as Accenture cuts guidance; TCS, Infosys and HCLTech fall
FY25 outlook muted for the sector, say analysts
 "IT shares sink as Accenture cuts guidance; TCS, Infosys and HCLTech fall")
Nifty IT slides for second day with 1% fall: What's weighing on IT stocks?
The latest inflation data in the US for January, which showed a surprise increase, has kept domestic IT stocks listless from last week
 "Nifty IT slides for second day with 1% fall: What's weighing on IT stocks?")
Fund flows in IT stocks set to rise on positive earnings surprise: Report
Shares of India's IT companies, which earn a significant share of their revenue from the U.S., surged 16.13% in the final two months of 2023, exceeding the benchmark Nifty 50's 13.9% gain
 "Fund flows in IT stocks set to rise on positive earnings surprise: Report")
Infy, TCS, Wipro, HCLT: Chart suggests up to 14% upside as stocks breakout
The Nifty IT index is likely to trade with a bullish bias as long as the index sustains above 36,950 levels, suggest the daily chart.
 "Infy, TCS, Wipro, HCLT: Chart suggests up to 14% upside as stocks breakout")
Indian shares, bonds likely to continue rallying in 2024 on foreign inflows
Banks, information technology firms and metals will lead India's stock rally, with some push from defence and renewables, a market expert said
 "Indian shares, bonds likely to continue rallying in 2024 on foreign inflows")
Infosys, TCS, Wipro: Do IT stocks have more steam left? What charts say
Unlike the benchmark Nifty 50, the Nifty IT index is still over 9 per cent shy from its summit. Among the frontline stocks, Infosys, TCS and Wipro look fairly placed on the charts.
 "Infosys, TCS, Wipro: Do IT stocks have more steam left? What charts say")
Nifty IT index surges 3%; Mastek, Sonata, Mphasis, Coforge rally up to 9%
At 10:12 AM, Nifty IT index, the top gainer among sectoral indices, was up 2.7 per cent
Wipro Q2: Analysts cut EPS est, price targets to factor more revenue slide
Wipro Q2 results review: The stock took a hit and fell up to 4 per cent intra-day as brokerages lowered earnings estimates and trimmed price targets
 "Wipro Q2: Analysts cut EPS est, price targets to factor more revenue slide")
No fireworks from TCS Q2 nos, headcount dip keeps outlook bleak: Analysts
TCS Q2 results: There is limited visibility on demand recovery for the second half of FY24; Rs 17,000 crore buyback quantum is also below Street expectations, said analysts
 "No fireworks from TCS Q2 nos, headcount dip keeps outlook bleak: Analysts")
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
 "Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts")
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
 "TCS gains 3%, hits 52-week high in range-bound market")
Tech Mahindra falls 5% as Q1 disappoints Street; brokerages turn cautious
In the recently concluded quarter, the company's revenue declined 4.1 per cent quarter-on-quarter (QoQ) to Rs 13,159 crore, as against Street estimate of flat QoQ growth
 "Tech Mahindra falls 5% as Q1 disappoints Street; brokerages turn cautious")
Infy, TechM: Nifty IT index scales 4-month high, sets eye on 52-week peak
Selective IT stocks may rise up to 22% in the upcoming sessions, as per their technical charts
 "Infy, TechM: Nifty IT index scales 4-month high, sets eye on 52-week peak")
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