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 …
LTIMindtree Q3 Results: LTIMindtree announced its October-December quarter results for fiscal 2023-24 (Q3FY24) on Wednesday, January 17, reporting a rise of 17 per cent in consolidated net profit at ₹1,169 crore, compared to ₹1,000 crore in the year-ago period. Sequentially, net profit rose marginally at 0.6 per cent, compared to ₹1,162.3 crore in the preceding …
Infosys Ltd., TCS Ltd., Wipro Ltd., and Tech Mahindra Ltd., four out of India’s top six technology services companies, that are also part of the Nifty 50 index, may see US Dollar revenue decline during the December quarter, according to a CNBC-TV18 poll. This quarter is likely to be a weak one for these companies …