Nomura on IT Buy Call On Tech Mah In Large-caps Buy Call On Coforge, Birlasoft & eClerx In Midcaps Reduce Call On TCS, WPRO, LTIMindtree, L&T Tech & Mphasis Accenture Cuts FY24 Revenue Growth Guidance Cut To +1-3% Y-Y Guidance Cut On Delayed Decision-Making & Weak Discretionary Spends Retain Cautious Stance As Discretionary Revival Still … Read more
● From Price Action Perspective: Weaker set of quarterly numbers from HDFCBANK, in addition to sharp spike in Dollar Index, has led to selling pressure on Bank Nifty, which ended 4.3% negative for the day. Nifty outperformed by falling 2.09% as the IT sector supported the index to an extent. Extensive Delivery based selling pressure … Read more
The Indian IT services industry is facing near-term challenges due to the economic slowdown and weaker macroeconomic outlook. However, its long-term outlook remains robust with the economy showing signs of recovery. In a recent report, brokerage house Axis Securities said that it believes that the said recovery will begin in the second half of the … Read more
Despite the market uncertainties, shares of Cyient, a global digital, engineering, and technology solutions company, have delivered handsome returns to their shareholders. Year to date, the company’s shares have surged by 103%, rising from ₹803.70 per share to ₹1,634.50 per share. Impressively, the stock has closed in the green for eight out of the last … Read more
Ex-Dividend 08 September 2023 (Tomorrow)Last date for Cum-Dividend TodayAAA Technologies Ltd Dividend Per Share Rs.0.5 Previous day Closing Price – Rs. 64.77 Agarwal Industrial Corporation Ltd. Dividend Per Share Rs.2.5 Previous day Closing Price – Rs. 1019.85 Allcargo Terminals Ltd Dividend Per Share Rs.0.5 Previous day Closing Price – Rs. 35.53 Bajaj Steel Industries Ltd. … Read more