Infosys slips 6% post Q3 results, drags down Nifty IT index
Infosys shares tumbled close to 6% on Friday as the company’s muted outlook after its third-quarter results prompted investors to cut their bets. “While Infosys reported decent numbers, the management expects a muted fourth quarter which led to the slide in the stock,” said Dharmesh Kant, head of research, Cholamandalam Securities. “Given that Infosys was…
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Hot Stocks: Axis Capital upgrades Infosys; Investec reiterates sell on Wipro
Brokerage firm Investec reiterates its cautious stance on Wipro, citing limited downside but potential capital allocation improvements, Axis Capital upgrades Infosys, driven by growth stability and efficiency gains. Meanwhile, Goldman Sachs maintains a bearish outlook on D-Mart, pointing to rising competitive pressures and limitations in market penetration. We have collated a list of recommendations from…
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Wipro among 10 stocks nearing ex-dates for dividends, bonus, splits next week. Do you own these?
Wipro and a host of other companies are likely to remain in focus this week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be…
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Stock Radar: Wipro ends 4-month consolidation, hits fresh 52-week high; what should investors do?
Short-term traders can look to buy the stock for a target of Rs 630-640 in the next 1-2 months, suggested experts. Synopsis The IT stock reached a peak of βΉ580 in July 2024 but lost momentum, gradually declining toward its 21-week moving average on the weekly charts. This average has served as a key support…
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Nifty IT index hits fresh record high; Infosys, LTIMindtree, Tech Mahindra lead the gains
The Nifty IT index reached a record high on Tuesday, climbing over 1.4% to 44,240, with all 10 of its constituents in the positive. As of 10:05 a.m. on Tuesday, the index was trading at 44,201, reflecting a 1.34% increase. Infosys led the pack, rising 2.4%, followed by LTIMindtree, Tech Mahindra, LTTS, Wipro, Persistent Systems,…
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LTIMindtree, Wipro, and other IT stocks crack up to 5% amid Powell’s indication of slower rate cuts
Shares of Indian IT companies came under pressure during Monday’s trading session following comments from Federal Reserve Chair Jerome Powell on Thursday. Powell suggested that the U.S. Federal Reserve is likely to slow down interest rate cuts in the coming months, citing persistent inflation and the need to monitor its trajectory before making further decisions….
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Minority investors show less dissent as cos hear them out
Mumbai : Companies are facing less dissent from shareholders these days. Shareholder resolutions with more than 20% dissent from institutional shareholders dropped to 16% in the recently concluded proxy season, down from 17% in the previous two fiscals, as per data from primeinfobase.com. In actual numbers, 1,581 out of 10,092 resolutions saw more than 20%…
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Stocks to buy or sell today: Wipro, ONGC among top 6 trading ideas for 14 November 2024
Indian market is likely to consolidate on Thursday tracking mixed global cues. India VIX, the volatility gauge, surged 5.79% to close at 15.43 on Wednesday, indicating heightened caution. The Nifty future closed negative with losses of 1.10% at 23,696 levels. On the options front, the maximum Call OI is placed at 24,000 and then towards…
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Stock Radar: 50% rally in a year! This largecap IT stock hit fresh 52-week high in November; time to book profits?
Short-to-medium-term investors can look to buy the stock now for a target of Rs 650 in the next 2-3 months, suggested experts. Synopsis The IT stock climbed from Rs 381 on November 13, 2023, to Rs 570 on November 12, 2024, marking a 49.6% gain over the year. Riding this momentum, Wipro reached a 52-week…
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Stocks in news: Tata Investment, Tata Power, L&T, Wipro, Biocon
Domestic markets experienced volatility on Wednesday and ended down nearly half a percent amid mixed signals. In today’s trade, shares of Tata Investment, Tata Power, L&T, Wipro, Biocon among others will be in focus due to news developments and second quarter results. Tata InvestmentShares of Tata Investment will be in focus in Thursday’s trade as…
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