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COFORGE RESULTS IMPACT
Will AI-led tech unwinding pause Rs 60,000 crore FII selloff in Indian IT stocks?Global markets are experiencing a tech selloff driven by AI fears, impacting Indian IT stocks with FIIs pulling Rs 60,000 crore. However, s...- IT stocks crash! Planning to buy the dip? Here's what analysts sayIndian IT shares saw a significant drop on Wednesday, wiping out recent gains. Analysts suggest this was largely due to profit booking afte...
- Rs 18 lakh crore wiped out: Has the brutal Indian IT stock crash finally bottomed?India's top IT companies have seen Rs 17.6 lakh crore wiped out in a multi-month bear market. Valuations are at levels not seen since the g...
- Small & midcaps rally! Coforge, Ola Electric, FirstCry & other stocks jump up to 7%Small and midcap stocks rose sharply on Tuesday, lifting broader markets and outperforming benchmarks. Coforge led midcap gains, while Ola ...
- Global Markets | Australian shares slip as renewed Middle East tensions curb risk appetiteAustralian shares tumbled 1.5% on Friday, erasing recent gains as escalating Middle East tensions between the US and Iran rattled investor ...
- Smallcaps & midcaps rally! Firstsource Solutions, Nuvama, Godfrey Phillips, other stocks jump up to 16%Smallcap and midcap stocks outperformed benchmarks on Friday, with select names rallying up to 16% despite broader market weakness. Gains w...
- Rs 2.5 lakh crore wiped out: Why Nifty IT just recorded its worst week since 2020India’s Nifty IT index plunged 10% in a week, marking its steepest fall since March 2020, as weak Q4 earnings and cautious guidance trigger...
- Coforge completes Encora acquisition; secures $550 million loan, drops QIP planCoforge has completed the acquisition of Silicon Valley-based AI firm Encora for an enterprise value of $2.5 billion. To fund the transacti...
- IT takes D-St on a tumble, AI fears pop up on HCL Q4 missIndian IT stocks experienced a significant decline on Wednesday. This sell-off was triggered by HCL Technologies' disappointing fourth-quar...
- Infosys, TCS, Wipro, other IT stocks climb up to 5%. Here's whyIT stocks rallied up to 5% on Wednesday, driven by improved market sentiment on hopes of fresh Iran-US talks and easing concerns around AI ...
- IT stocks slide up to 3% after TCS Q4 earnings. What's spooking investors?IT stocks fell up to 3% after TCS reported Q4 results that failed to impress the Street, dragging the Nifty IT index over 2%. Despite broad...
- Forex math: Why weak rupee could be biggest growth driver for IT stocks this Q4 result seasonIndia's IT stocks are finding an unexpected boost from a weaker rupee, which analysts predict will cushion margins this Q4 results season. ...
- 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...
- Coforge shares earn upgrades, Morgan Stanley gives Rs 11,500 target priceCoforge shares:The company has secured its largest deal to date, expected to contribute to revenue starting from Q1 FY26. If the deal progr...
- IT companies must look outside legacy discretionary spends for business: Coforge CEOCalling discretionary demand revival as definite yet gradual, Coforge CEO Sudhir Singh pointed out that software service providers must loo...
- Big IT expects growth momentum to continue in September quarterIndia’s software service providers will report their July-September quarter results in the coming week, and analysts expect them to be bett...
- Coforge Q1 profit hit by acquisition, revenue up 8%Coforge's revenue grew 8.1% YoY and 1.8% quarter-on-quarter (QoQ) to Rs 2,400.8 crore for the first quarter ending June as compared to Rs 2...
- Nomura turns bullish on Indian IT sector, highlights Infosys, Coforge as top picksNomura bullish on Indian IT sector with top picks Infosys and Coforge, upgrades ratings for Wipro and HCL Technologies. Anticipates GenAI a...
- 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...
- Coforge Q4 results: Net profit jumps 17% to Rs 133 croreCoforge's consolidated revenue from operations rose 13.7 per cent to Rs 1,261.5 crore in the fourth quarter of the last fiscal. The same st...
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