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 …
Tata Power: Company gets LoI to buy Jalpura Khurja Power Transmission; to develop transmission project with cost of Rs 838 crore (Positive) Crisil: Net profit of Rs 231.0 cr, up 110.4 percent, Revenue up 34.3% at Rs 628.0 cr (YoY) (Positive) Defence stocks: DAC clears capital acquisition proposals worth ₹84,560 cr (Positive) NTPC: Company signs …
Tata Power: Company gets LoI to buy Jalpura Khurja Power Transmission; to develop transmission project with cost of Rs 838 crore (Positive) Crisil: Net profit of Rs 231.0 cr, up 110.4 percent, Revenue up 34.3% at Rs 628.0 cr (YoY) (Positive) Defence stocks: DAC clears capital acquisition proposals worth ₹84,560 cr (Positive) NTPC: Company signs …
IRCTC Q3 FY24 (Consolidated, YoY) Revenue up 21.81% at Rs 1,118.3 crore vs Rs 918.06 crore (Bloomberg estimate: Rs 1,069.78 crore). Ebitda up 20.92% at Rs 393.97 crore vs Rs 325.8 crore (Bloomberg estimate: Rs 377.03 crore). Margin narrows 25 bps to 35.22% vs 35.48% (Bloomberg estimate: 35.20%). Net profit up 17.4% at Rs 299.99 …
HDFC Life Insurance Company Ltd https://www.sharekhan.com/MediaGalary/StockIdea/HDFC_Life-Jan15_2024.pdf Weak Q3 BUYu0009CMP : Rs. 615u0009PT : Rs. 750u0009 HDFC Life reported ~2% y-o-y decline in APE (~7% below estimates) resulting in VNB declining by ~2% y-o-y (missing our estimates by ~10%). However, VNB margins stood at 26.8% stable y-o-y. Lower APE was led by lower Non-PAR (-32%), Group …
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 …
A total of 28 listed Tata group stocks saw their combined market capitalisation (m-cap) rising by over Rs 1,00,000 crore in the last four trading sessions. This excludes the gains seen on Tata group stocks in Tuesday’s trade. A total of 23 out of 28 Tata stocks delivered positive returns in the last four sessions. …
The 200-point range continued on the Nifty 50 with the index failing to sustain above the 19,800 mark. Two good things that emerged from Tuesday’s session – One, the index may not be crossing 19,800 but is not capitulating under pressure either. The bulls are protecting the downside to the best they can. Second, the …
Buyback of shares: Tata Consultancy Services Ltd or TCS share price will be in focus today as Indian IT major has declared buyback record date on 25th November 2023. The IT giant has already declared buyback of shares at ₹4150 per share. TCS share price today is around ₹3,425 apiece levels on NSE, which means …
“Domestic equities surged higher fuelled by moderation in both India as well as US inflation. Nifty opened gap up and strengthen during the day to close near day’s high with gains of 232 points (+1.2%) at 19675 levels. All sectorial indices, including broader market ended in green. IT, Realty, Oil & Gas and Auto were …