Antique on Ramco Cements Downgrade to Hold, TP cut to Rs 840 from Rs 1000 Cos 4Q realization to 4-yr low of less than Rs 4900/tn may not improve meaningfully in near-term as a) South region utilization (currently at 65%) is unlikely to fall below 55% nor is it likely to cross 85% b)Ramp-up of …
Gensol Engineering: Company gets 250 MW battery energy storage project worth Rs 1,340 crore Bondada Engineering: Company receive an order worth Rs. 939.39 Crore from m/s. NLC India Limited. Tata Power: Company Enabling E-Mobility Across 30+ Bus Depots For State Transport Corporations Like Dtc, Best, Bmtc, Jscl, Sscl, Brts-Ajl Through Oem Partnerships. IRCON: Company says …
Lumax Tech: Net profit at Rs 51.0 cr vs Rs 24.0 cr, Revenue at Rs 757 cr vs Rs 493 cr. (YoY) Natco Pharma: Net profit at Rs 386 cr vs Rs 276 cr, Revenue at Rs 1068 cr vs Rs 898 cr. (YoY) Sumitomo Chem: Net Profit at Rs 110 cr vs Rs 55 …
Infosys Q4 Results Highlights: Infosys, the second-largest IT services company in India, announced its Q4 results today, reporting a net profit of ₹7,975 crore in the March quarter, while total revenues came in at ₹37,923 crore. The company said its revenues in constant currency (CC) terms remained flat year-on-year (YoY) and declined by 2.2 per …
Infosys Ltd reported a muted FY25 guidance but its March quarter deal wins came in much higher than analyst etimates of $2-3 million. Its dollar revenue at $4,564 million was below Street expectations but margin was largely in line. This is because the headline numbers were hit by 100 basis points one-time headwind from renegotiation …
Updated Apr 18, 2024 | 09:21 PM IST Infosys Share Price Target 2024: Hours after announcing their quarterly results, Infosys said that they had received a penalty order of $103,960.24 from the New York City Department of Finance, USA. In the exchange filing, Infosys said that there is no material impact on financials, operations or …
Infosys, the second-largest IT services company in India, is set to announce its financial results for the fourth quarter of FY24 on April 18. Infosys Q4 results will be the second quarterly earnings report from the IT sector after Tata Consultancy Services (TCS) released its March quarter earnings last week. The IT major Infosys is …
The Nifty IT index is currently down 4% for the week, and if chart patterns are anything to go by, the index may see further downside from current levels. CLSA’s Laurence Balanco believes that the IT index can see another 7% to 8% downside based on current chart patterns. “At the sector level, it is …
Infosys co-founder Narayana Murthy has gifted 15 lakh shares worth over Rs 240 crore to his four-month-old grandson Ekagrah Rohan Murty. Recent regulatory filings show that the 77-year-old transferred the shares, comprising 0.04 per cent of Infosys stake, to his grandson in an off-market transaction on Friday. Following the share transfer, Narayana Murthy’s holding in …
Brokerage firm CLSA has downgraded Indian IT giants Tata Consultancy Services Ltd. (TCS) and HCL Technologies Ltd. (HCLTech) to “sell” from its earlier rating of “underperform.” Additionally, it has also reiterated its “Sell” recommendation on stocks like Wipro and LTIMindtree. Despite the downgrade, CLSA has maintained its price target on TCS and HCLTech at ₹3,925 …