infosys: Stock Radar: Infosys could hit fresh lifetime high of Rs 2,000; time to buy?
Synopsis Infosys stock, after a recent dip, shows signs of recovery, bouncing back from its August lows. Analysts suggest a potential upward trend, with a possible target of Rs 2,000, contingent on maintaining its position above the Rs 1,800 mark. IT major Infosys remained range-bound for the past few weeks but managed to bounce back…
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Don’s return brings cheer to IT, but euphoria may be short-lived
Shares of information technology (IT) companies jumped on Wednesday in a relief rally fuelled by the election of Donald Trump as the next US President. Analysts said the run-up in share prices was driven by expectations that Trump would implement pro-business policies that could boost IT spending. But the sector also faces the risk of…
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IT stocks surge up to 26% in 3 months; Infosys, Coforge, TCS among top brokerage bets
IT stocks have outclassed most sectoral peers delivering aggregate 13% returns at an index level in the past 3 months. Midcap counter Coforge and Infosys are among the leaders in the pack with a lone exception in Wipro, which has seen its share price erode. Coforge tops the chart with 26% returns in the past…
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Sensex rises above 85,300 for the first time, Nifty hits fresh peak; IT, bank stocks shine
Key equity indices Sensex and Nifty opened at fresh record highs for the sixth consecutive session on Thursday, driven by gains in IT and auto stocks, amid continued optimism over higher foreign inflows. The BSE Sensex was up 123 points, or 0.15%, at 85,290, while the Nifty50 rose 40 points, or 0.15%, to 26,043 around…
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Indices hit new highs, Sensex closes above 81K for first time
India’s benchmark indices surged to fresh new highs on Thursday, with the Sensex closing above 81,000 and Nifty ending above 24,800 for the first time. The rally was led by gains in information technology (IT) stocks ahead of Infosys’ first quarter results which were announced after trading hours on Thursday. The BSE Sensex ended at…
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