Technical charts suggest that heavyweights TCS and Infosys seem to be favourably placed, while Wipro could face some downward pressure. Check key levels here.
Among the constituent of the Nifty IT index, L&T Technology Services shares surged 2.76 per cent intra-day on Friday, Infosys shares gained 2.17 per cent, and Coforge stock climbed 2.47 per cent
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The Nifty IT index had shed 3% on Wednesday ahead of the US Fed policy decision. Here are the key pivot points to track on top IT stocks with potential upside and downside targets as per charts.
IT major Tech Mahindra on Thursday said it has inked a pact with UK-based engineering service provider Marshall Group to combine their digital solutions and engineering capabilities to spur advancements in aerospace and the defence industry. Tech Mahindra in a statement said it will assist Marshall's engineering programmes in aircraft design and manufacture, special mission platforms, and the development of digital maintenance, repair, and overhaul (MRO) technologies. Marshall will also make use of Tech Mahindra's suite of data analytics and intelligent field support technologies to enhance its infrastructure solutions' operational efficiency and reliability. "Combining Tech Mahindra's global engineering and technology capabilities with Marshall's rich heritage and specialised knowledge, we are poised to create a powerful collaboration to drive innovation, deliver exceptional customer value, and enable the industry to scale at speed," Narasimham R V, President, Engineering Services,
Humanize is a GenAI-first SaaS venture that also integrates low code/no code solutions
Granules, MCX, Colgate, Trent, Dr.Reddy's, Glenmark Pharma, Voltas, Lupin, Tech Mahindra, Coromandel International and Balrampur Chini among F&O stocks are holding a PCR in excess of 1, shows F&O data
Shares of Tech Mahindra soared up to 2.48 per cent, hitting its 52-week high at Rs 1,634.25 per share on the BSE in Tuesday's intraday trade
IT company Tech Mahindra on Tuesday said it has partnered with Horizon3.ai, a San-Francisco based provider of autonomous security solutions, to offer AI-based cybersecurity solutions to global customers. The partnership will integrate Tech Mahindra's cybersecurity services with Horizon3.ai's NodeZero platform, offering threat detection, AI-powered pen-testing, and Governance, Risk, and Compliance (GRC) insights. "The partnership will combine Tech Mahindra and Horizon3.ai's cybersecurity domain expertise and global reach to drive innovation, excellence, and proactive defence. It will provide customers with the tools and expertise needed to safeguard their digital assets," a company statement said. Customers will get real-time vulnerability assessments, enabling prompt identification and remediation of vulnerabilities, it added. The enhanced compliance and cost-effective capabilities will ensure organisations meet regulatory standards and access scalable, advanced penetration testing
In the first quarter of FY25 ending June 30, the total number of employees at Tata Consultancy Services, Infosys, Wipro, HCLTech, and Tech Mahindra fell by 2,034 compared to the previous quarter
In Asia, Japan's Nikkei traded up 0.27%, Hong Kong's Hang Seng rose 0.85%, and South Korea's Kospi increased 0.90%, while Shanghai Composite and Asia Dow traded flat on Friday morning.
The company's revenue beat Bloomberg estimates, but missed on the net profit level
At 6:36 AM, GIFT Nifty futures were up 19 points, trading at 24,828.50 levels, indicating a higher start for the day.
IT company will also deploy GitHub Copilot for 5,000 developers, expecting a 35-40 per cent boost in productivity
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
The Nifty IT index has outperformed surging 14% in the last one month owing to the recent portfolio shift after the election outcome, and hope for a better calendar year 2025.
IT firm to follow 'three-pronged' strategy for revenue and profitability predictability, says Mohit Joshi
Initially the LLM will support Hindi language and more than 37 of its dialects
Digital solutions provider Comviva, a Tech Mahindra subsidiary, on Monday announced the appointment of Rajesh Chandiramani as CEO and whole-time director, effective June 1, 2024. Chandiramani took over the baton from Manoranjan 'Mao' Mohapatra, who retired in May 2024. Mohapatra will continue to serve on the Comviva Board as a non-executive director, according to a company statement. Chandiramani previously held senior leadership roles at Tech Mahindra, where he served as the business unit head for strategic markets in the UK, Europe, the Middle East, Africa, Asia Pacific, Japan, and India within the Communications, Media & Entertainment (CME) vertical. On the appointment, Atul Soneja, chairman of the company's board, said, "Under his guidance, we look forward to further strengthening our position as a global leader in customer experience and data monetisation solutions, delivering unparalleled value to our clients and stakeholders.
Stock Price has broken out from downward sloping trend line on the weekly chart. Stock has surpassed the previous swing high resistance