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NOMURA ON PERSISTENT SYSTEMS
Rs 8,350 crore crash in Persistent shares explained: Why investors are worried about Nagarro dealPersistent Systems' shares plunged nearly 11% following its announcement to acquire Germany-based Nagarro for €1.27 billion. While the deal...- Explained: Why Accenture's warning sparked a Rs 1.35 lakh crore meltdown for TCS, Infosys, other IT stocksIndian IT majors faced a brutal sell-off, losing Rs 1.35 lakh crore after Accenture's revenue guidance cut. Structural fears around AI repl...
- India scrambles to steady rupee as oil shock bitesIndia is scrambling to salvage a sinking rupee as surging oil prices linked to the Middle East conflict threaten to disrupt the world's fas...
- 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...
- Persistent Systems shares shed over 4% after Q4 results: Here's what Nomura and other brokerages saidPersistent Systems shares fell up to 4% after Q4 results despite reporting strong earnings growth. Net profit rose nearly 34% YoY to Rs 529...
- 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...
- Buy, Sell or Hold: Nomura maintains neutral on Persistent Systems; Citi sees over 40% upside in ICICI Prudential LifeBrokerages are actively tracking mid-cap and financial companies. Nomura maintains a neutral stance on Persistent Systems. Citi sees strong...
- Will downgrade-hit IT stocks weather the Q4 earnings storm? The test begins todayIndia's IT sector faces a tough Q4 earnings season, with large-cap stocks like TCS, Infosys, and HCL Tech expected to report subdued result...
- Persistent Systems shares zoom 10% after Q3 profit surges 30% YoY to Rs 373 crorePersistent Systems' shares rose 10% after posting a 30.4% YoY increase in net profit for Q3, driven by its AI-led services strategy. The co...
- FIIs bet $1 billion on IT stocks before Q3 results. Does it signal a happy new year?Foreign institutional investors have significantly increased their investment in Indian IT stocks, anticipating improved revenue growth dri...
- TCS, Infosys among 10 stocks with buy view from brokerages post Q1 resultsThe Nifty IT index has been a top performer, delivering nearly 4% returns over the past month. This recent rally was fueled by hopes of a F...
- IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signalsIndian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong dema...
- Hot Stocks: Brokerages on RIL, Entero Healthcare, Natco Pharma and Persistent SystemsBrokerage Nomura upheld a neutral rating on Persistent Systems, while Investec continues to advocate a buy stance on Natco Pharma and has i...
- IT stocks rally upto 4% as Q2 earning season begins todayAlthough the September quarter has been seasonally strong for Indian software exporters, analysts stated this time Q2 earnings are likely t...
- IT companies to announce Q2 results from next week: Top 5 predictions and stock picksHis analysis suggests the current slowdown to be an entire FY24 phenomenon rather than 1H and the impact possibly extending to FY25 discret...
- As Accenture ups FY22 guidance, D-St analysts pick their top Indian IT betsAccenture's strong Q3 performance and upward revision in local currency revenue growth guidance for FY22 indicate a robust demand environme...
- Nomura downgrades Indian IT on concerns over earnings, growth"Fast changing macroeconomic conditions, hawkish Fed stance to tame inflation through continued interest rates hikes and profit warnings by...
- Bond yields likely to firm up on any RBI hint of liquidity normalisationBond yields are likely to inch up this week as investors factor in a normalisation of liquidity tone together with persistently high inflat...
- Analyst Calls: Adani Ports, Rallis India, Ultra-Tech CementICICI Securities has maintained buy rating on Ultra-Tech Cement with a target price of Rs 4,725.
- Headline inflation to average 8.6% in 2011-12: NomuraHeadline inflation has been above the 8% mark since Feb'10. The March numbers of 8.98% was much above the government and RBI's projection o...
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