Rs 92,000 crore ripple effect! HCL Tech’s weak Q4 drags IT pack; Infosys, Tech Mahindra slump up to 6%HCL Technologies’s weak Q4 triggered a ₹92,000 crore sell-off in IT stocks, dragging peers like Infosys and Tech Mahindra down up to 6% ami...
HCL Tech shares wipe out Rs 38,000 crore as target price falls to Rs 1,165. Why every second broker is busy downgradingHCL Technologies share price plummeted nearly 10%, wiping out Rs 38,000 crore in market cap following a brutal Q4 earnings report. The IT m...
Trent's worst over after Rs 1.6 lakh crore shock? Why brokerages aren't convinced yetTrent Limited, once a stellar performer, has seen its stock plummet over 50% from its peak due to aggressive store expansion, particularly ...
IT earnings recovery not quite made to order, but seen on trackDespite strong order bookings, the BSE Infotech index has seen minimal gains, reflecting investor concerns over project execution delays sl...
IT Q3 earnings season begins on a strong note as TCS, HCL Tech top estimatesIT sector's Q3 results show a positive start, with TCS and HCL Technologies exceeding revenue and profit expectations. HCL Tech recorded a ...
Discretionary pickup may revive revenue growth for IT biggiesThe sample's revenue fell by 0.3% from the previous quarter to $20,207.5 million. In addition, the trailing 12-month (TTM) trend in revenue...
As Wipro gets a new CEO, a look at its woes in four data chartsThe change of guard at Wipro is coming at a time when the IT major's operating margins are the lowest among its peers. And the change comes...
TCS, Infosys retain deal momentum amid a challenging scenarioIn addition, each of the companies continued to show lower employee attrition and falling headcount which reflects the muted demand outlook...
Topline growth at IT’s fab four slows, but headcount, revenue traction bode wellOn the trailing 12-month basis, TCS and Infosys reported improved growth rate in the revenue.
Wait for clarity on growth before rushing to buy InfosysThe growth in the dollar revenue for Infosys was higher than that of 3.7 per cent.
HCL Tech closes CY17 on a strong note; the momentum is likely to continueThe company’s revenue grew by 3.1% sequentially to $ 1,988 million in the December quarter.
The struggle is not yet over for top software exportersMomentum in large client accounts is crucial for long-term sustainable growth. Stagnation there indicates slower growth trajectory.
TCS, Infosys, Wipro and HCL Tech's revenue growth in December quarter lowest in 6 yearsThe top four Indian IT exporters reported a multi-year low yearon-year growth in the dollar denominated revenue on trailing 12-month (TTM) ...
Five reasons why Infosys will outshine TCSInfosys surprisingly retained the sequential business volume growth at 3% in the December 2015 quarter despite the seasonal weakness.
- Present valuation of Pipavav defence leaves little upside
With completion of substantial capex and tie up with global defence majors, Pipavav Defence & Offshore Engineering is now in a good positio...
- IT revival boosts Cognizant; gains biggest revenue since last 3 years
Cognizant has grabbed the market share of dollar denominated revenue among the top five Indian IT players in the last three years.
- SKP Securities recommends to “Avoid” NMDC FPO
SKP Securities has advised investors to “Avoid” the NMDC FPO as the valuation of the issue looks stretched compared to peers.