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COFORGE ANNUAL RESULTS
Coforge’s Q4 profit doubles to Rs 612 crore on robust deal winsCoforge's net profit surged over 135% in Q4 FY26, driven by AI efficiencies and strong revenue growth. The IT service provider reported rob...- India Inc earnings recovery playing out as expected. 35 stocks to buy after Q3 resultsIndia Inc's December quarter earnings season largely met expectations, with brokerages turning constructive on select market pockets. Inves...
- India’s new labour codes could wipe out up to a fifth of IT profits, Jefferies warnsJefferies warns India’s IT sector faces a sharp earnings hit from new labour codes, with December-quarter profits potentially falling 10–20...
- India Inc sees first earnings upgrade after a gap of 5 quartersIndia Inc has recorded its first aggregate earnings upgrade in five quarters, driven by mid- and large-cap firms, signaling a turnaround in...
- Indian IT sees pockets of H2 recovery in US, EU as BFSI revs upEmerging from the shadows, India's IT sector is experiencing resurgence, driven by a flourishing BFSI environment in North America and Euro...
- Coforge shares rise 2% as CLSA initiates coverage with 'outperform' rating; 51% upside seenCoforge shares rose to Rs 1,584 after CLSA initiated coverage with an ‘outperform’ rating and a Rs 2,346 price target, citing strong growth...
- Persistent Systems posts 39% profit growth, misses estimatesRevenue, which increased 21.8% YoY and 2.8% quarter-on-quarter (QoQ) to Rs 3,335.9 crore, was supported by growth in its banking, financial...
- Muted Q1 awaits IT on sluggish spends and deal momentumIndia's IT sector anticipates muted Q1 results due to cautious corporate tech spending, impacting major firms like TCS and Wipro with poten...
- Hindalco shares in focus after subsidiary acquires US-based AluChem for $125 mnHindalco's subsidiary has acquired US-based AluChem for $125 million, marking its entry into the low-soda tabular alumina space. The move b...
- Use this ratio both in bullish and volatile markets. 6 stocks that fit the bill with upside potential of up to 37%Looking only at the PE ratio creates more than one problem. For one, it creates an issue in terms of buying based on PE; secondly, just bec...
- Ahead of Market: 10 things that will decide stock action on ThursdayDomestic equity indices declined on Wednesday, led by falling financial stocks amid foreign outflows and weak corporate earnings. The BSE S...
- Peak XV downsizes $2.85 billion fund; Paytm’s employee costs go upHappy Wednesday! Peak XV Partners, formerly Sequoia Capital India, is cutting down the size of its 2022 fund by 16%. This and more in today...
- Coforge’s Cigniti acquisition a game-changer, will be EPS accretive from day one, says CEO Sudhir SinghSudhir Singh of Coforge outlines the strategic benefits of acquiring Cigniti, focusing on revenue growth, market expansion, and confidence ...
- HCL Tech, TCS, Infosys, other IT stocks drop up to 5%. Blame it on AccentureIT giants' shares drop as Accenture reduces FY24 revenue forecast, impacting Nifty IT index. Global peer's muted guidance affects market vi...
- IT midcaps set to keep hiring momentum going in near termWhile larger players are conserving resources and maintaining a cautious approach to hiring due to macroeconomic uncertainties, midcaps are...
- 5 stocks Vibhor Singhal is bullish on from IT sectorThe deals are getting awarded, but the companies are not confident as to when the execution is going to start. So how much revenue is going...
- IT stocks gain in lacklustre trade; here's whyAt the same time, analysts at JM Financial said that one should be wary of extrapolating Accenture's results to Indian IT players as this m...
- Coforge Q3 Results: Profit rises 20% YoY to Rs 236 crore; dividend declared at Rs 19/shareThe company's revenue during the quarter rose 24% to Rs 2,055.8 crore against Rs 1,658.1 crore in the corresponding quarter of last year. T...
- IT companies brace for muted growth, sustained margin pains in Q2Analysts will look for any impact due to cross-currency movement, especially due to a weaker European currency against the dollar, margin o...
- Stocks in news: Reliance Inds, Hindustan Unilever, Titan, Bajaj Auto and Ambuja CementsHindustan Unilever, Titan and Bajaj Auto, Ambuja Cements, Motherson Sumi, Bajaj Holdings, Shriram Transport, AU SFB, IndiaMart InterMesh an...
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