Ashwani Gujral of ashwanigujral.com suggests buying IFCI, Motherson Sumi and Punjab National Bank.
India’s salt to software conglomerate Tata Group is giving thought to reorganise its technology and infrastructure businesses in order to reduce the number of companies it manages.
Former Chief Financial Officer of Infosys, T V Mohandas Pai said such "exaggerated" reports are based on a few events and there are attempts to blow them up.
Wipro joins the growing roster of Indian IT firms that have announced buyback offers to return surplus cash on their books to their shareholders.
In rupee revenue terms, TCS and Infosys each posted 0.2 percent degrowth.
Ashwani Gujral of ashwanigujral.com suggests buying Yes Bank, Indiabulls Housing Finance, Aurobindo Pharma, Capital First and RBL Bank.
India’s largest software services exporter Tata Consultancy Services on Thursday reported first quarter results largely below estimates.
TCS' revenue from digital services stood at 18.9 percent, up 7.6 percent on a sequential basis and 26 percent on a YoY basis.
Profit during the quarter fell 10.1 percent to Rs 5,950 crore from Rs 6,622 crore while revenue declined 0.2 percent to Rs 29,584 crore from Rs 29,642 crore on sequential basis.
TCS vice president Tej Paul Bhatla was in Lucknow on Wednesday, where he met and asked project managers to finish their programmes by December or shift to the centres in Indore, Noida and continue working there. The project managers have also been asked to convey the message to their team members.
Seasonally June quarter is always a strong quarter for the company but that is not likely to happen.
Demand is high for emerging job roles such as subject matter experts and hybrid professionals who possess domain and soft skills
The Indian IT industry employs around 4 million people according to industry body Nasscom, which also says that about 40% of them need re-skilling over the next five years to stay relevant in the face of automation
Seasonally, the June quarter is a strong quarter for IT companies but headwinds like slowdown in BFSI, weak retail business, visa cost etc are expected to impact earnings.
Technology stocks like TCS, Infosys, Tech Mahindra, Tata Elxsi and Hexaware Technologies will get astrological support, says
The results will be keenly watched as the sector is largely expected to post tepid numbers on poor business environment.
The brokerage firm maintains a buy rating on TCS with a target price of Rs 2720. TCS possesses the DNA of constantly improving its cost structure.
At close of trade today, the market capitalisation (m- cap) of RIL stood at Rs 4,68,160.44 crore - Rs 3,582.79 crore more than TCS's Rs 4,64,577.65 crore valuation.
Reliance Industries (Rs 4.68 lakh crore), the leading contributor to Sensex' gains, surpassed TCS (Rs 4.64 lakh crore) in terms of market capitalisation and became the most valuable company.
"Over the past six months, Wipro hired over 1,600 employees by attracting and nurturing local talent to drive innovation and help transform clients’ businesses into digital enterprises," Wipro said in a statement. Over 3,000 locals joined Wipro during FY2016-17, it added.
India's cyber security agency has yet to receive any reports of a latest ransomware attack hitting computers there, its boss told Reuters on Tuesday, after a Swiss government agency identified India as one of the main victims.
TCS was among the top two job creators, recruiting more than 12,500 US employees from 2012 -2016, while it ranked first in terms of US employee growth during that period, at 57 percent.
TCS also said that it has invested nearly USD 3 billion in the US over the past three years in terms of employment, new innovation labs, extensive nationwide STEM education programmes and academic partnerships as well as endowments.
According to Ashwani Gujral of ashwanigujral.com, one can buy Balrampur Chini, Kaveri Seed Company and Canara Bank and can sell M&M.
CLSA lowered earnings estimates for FY18-20 due to likely rupee strength and wage hikes.