Tata Consultancy Services (TCS) will be reporting its Q2 FY18 earnings today. Subdued quarter expected. Cross currency revenue growth seen at 1.5-2 percent. In an interview to CNBC-TV18, Girish Pai, Head of Research at Nirmal Bang Institutional Equities shared his readings and expectations on the same.
HCL Technologies, one of the largest software services providers, reported profit at Rs 2,062 crore on revenue of Rs 11,814 crore for the quarter. Its earnings matched expectations.
Girish Pai, head of research at Nirmal Bang Institutional Equities said that the guidance revision is a definite positive in the short-term. However, he is more worried for medium and long-term growth on both structural and cyclical parameters.
Industry expert Moshe Katri sees more deal cancellations in coming days on account of Britain's decision to exit the European Union.
There is a fair chance of Wipro‘s revenue and margins in H2 to miss the expectations envisaged on account of factors like Brexit, Girish Pai of Nirmal Bang Institutional Equities said.
Girish Pai, Head of Research at Nirmal Bang Institutional Equities is positive on Jubilant Foodworks with a target of Rs 1650.
Watch the interview of Girish Pai, Head of Research at Nirmal Bang Institutional Equities with Ekta Batra & Anuj Singhal on CNBC-TV18, in which he shared his reading and outlook on market and specific stocks.
Girish Pai, Head of Research at Nirmal Bang Institutional Equities likes Infosys and HCL Technologies from the IT space and has a price target of Rs 990 in HCL Tech.
Girish Pai, Head of Research at Nirmal Bang Institutional Equities has an accumulate rating on Infosys for a target of Rs 1,190.
Watch the interview of Girish Pai, Head of Research at Nirmal Bang Institutional Equities with Sonia Shenoy, Anuj Singhal and Reema Tendulkar on CNBC-TV18, in which he shared his readings and outlook on the market, specific stocks and sectors.
Girish Pai, Head-Research at Nirmal Bang Institutional Equities is more bullish on Greenply Industries than Century Plyboards.
Girish Pai, Head-Research, Nirmal Bang Institutional Equities in an interview to CNBC-TV18 gave his rationale behind recommending a buy on Lakshmi Machine, Power Mech and Greenply.
In an interview to CNBC-TV18, Girish Pai, Head of Research at Nirmal Bang Institutional Equities shared his reading and outlook on TCS and overall IT sector.
Girish Pai, Head of Research at Nirmal Bang Institutional Equities has a cautious view on the IT sector and recommends selling TCS with a target of Rs 2173.
Girish Pai of Nirmal Bang Institutional Equities expects the Indian equity market to be rangebound between 8000-9000 for the next 6-9 months.
Bears took the complete control on Dalal Street on Friday with the equity benchmarks falling more than 3-month low, largely due to selling pressure in Infosys post disappointing Q4 earnings.
According to Girish Pai, Director, Claritas Research one could see a 5-10% run up for the Indian market till May 2014, and in case the election results are positive then it could see a further run up.
Those looking to serious bet on PSU banks should wait of elections to play out, Girish Pai, director, Claritas Research said. He recommends betting on export-oriented sectors like IT and pharma.
Girish Pai, Director, Claritas Research is bullish on export-oriented sectors like pharma and IT. He prefers betting on Infosys versus TCS despite the run-up seen in the former.
Girish Pai, director of Claritas Research is overweight on private sector banks.
Girish Pai, independent market analyst prefers Oil and Natural Gas Corporation over Reliance Industries.
In an interview to CNBC-TV18, Girish Pai, an Independent Market Analyst, spoke about the outlook for the market.
According to Girish Pai, one may be cautious on the cement space.
Girish Pai, Independent Analyst is of the view that one needs to wait before accumulating telecom stocks and see how sticky this pricing upmove is going to be.