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In an interview with CNBC-TV18, Pankaj Pandey of ICICI Direct talked about the brokerage's expectations from the first quarter earnings season and outlined his view on various sectors.
The company operates amusement parks in Bengaluru, Hyderabad and Kochi and is looking to expand in 4-5 new markets in the next few years, Arun K Chittilappilly, Managing Director of Wonderla Holiday told CNBC-TV18.
Moshe Katri, MD of CRT Sterne Agee, believes Infosys has so far done an incredible job in reclaiming the lost market share and it must articulate on ways of transition of its legacy business into digital.
All three IT companies posted robust numbers, some were ahead of others when it comes to revenue, EBIT and profit growth.
In the largecap tech stocks, Urmil Shah, Research Analyst, Institutional Equities, IDBI Capital, prefers Infosys and HCL Tech and believes the former can reach valuations of 20 times by next year. Shah has a target price of Rs 1,381 on Infosys and believes it has higher upside compared to TCS.
The sterling results posted by IT major Infosys makes it a preferred pick over rival TCS, which is slated to post its own results later today, says Prabhudas Lilladher IT Analyst Govind Agarwal.
According to a CNBC-TV18 poll, TCS Q4 dollar revenue is expected to increase 1.4 percent at USD 4205 million compared to USD 4145 million on sequential basis. In rupee terms, revenue may grow 3.6 percent at Rs 28345 crore versus Rs 27364 crore quarter-on-quarter. Revenue is seen up 1.7-1.8 percent in constant currency.
The deal wins in Q4 helped growth and the aim is to touch USD 1 billion in deals in the next two to three quarters, says Vishal Sikka, MD & CEO of Infosys.
The company's employee strength has increased 10 percent in the year ended March 31,2016. Total number of employees at Infosys was 194044 in FY16. Number of trainees in Q4 was 6098.
Experts on CNBC-TV18 say that rupee depreciation helped margin growth for the IT bellwether. But watch out for recession in IT sector in another two-three quarters which might hit the company.
Sales of Infosys are expected to increase by 4.2 percent Q-o-Q (up 23.6 percent Y-o-Y) to Rs 16,575 crore, according to Motilal Oswal.
Headwinds from depreciation of the British pound (GBP) and other cross-currency movements may also negatively impact USD revenues by 30-50 basis points for the said quarter.
Speaking to CNBC-TV18, Gautam Chhaochharia said that he expects an earnings growth of around 10 percent for the fiscal year 2017 and sees a strong fourth quarter for the pharma sector on a year-on-year basis.
According to an average of analyst estimates polled by CNBC-TV18, the country's second largest IT company is likely to deliver 1.07 percent sequential growth in profit at Rs 3,502 crore in the January-March quarter.
Shashi Bhusan, IT Analyst, IDFC Securities, expects the company to issue a revenue guidance of 11-13 percent for FY17.
Expectation from Infosys is reasonable owing to large deal wins over the last nine months, says Sandeep Muthangi, IT Analyst, IIFL-Institutional Equities.
Here's a quick video on Infosys December quarter earnings.
Here's a quick comparison between India's top IT giants.
Based on continuing solid execution, Credit Suisse has upgraded the stock to outperform and increased target price to Rs 1,400 apiece (from Rs 1,175). According to the brokerage, medium-term impact on margins due to aggressive contracts is the key risk.
In an interview with CNBC-TV18‘s Kritika Saxena, CEO Vishal Sikka that a combination of factors drove the results: higher volumes, deal wins as well as innovation-led efficiency improvements.
Nilesh Shah, MD and CEO of Envision Capital, dubbed the performance as "industry leading, peer beating", something that has happened after a long time.
Revenues are expected to increase by 0.3 percent Q-o-Q (up 13.6 percent Y-o-Y) to Rs 15,677 crore, according to ICICIdirect.
Shashi Bhusan, IT Analyst at IDFC Securities says Persistent Systems will deliver the strongest growth driven by its Aepona business.
Revenue may increase 0.7 percent to Rs 15,748 crore in third quarter of current financial year but dollar revenue is seen falling to USD 2,390 million during the quarter compared to USD 2,392 million in preceding quarter.
Sandip Agarwal of Edelweiss Financial Services has a hold on TCS and buy on Infosys, HCL Tech.