Speaking to CNBC-TV18 on the lock-in period expiring of new-age companies' like Nykaa and Zomato, Taurani was firm that “path to profitability” is key
"As far as the upside is concerned, we have upgraded our stance for both PVR and Inox," Taurani said, noting that there could be 40 percent upside in the future.
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.
Karan Taurani, Senior Analyst, Dolat Capital says, the stock has been their top pick in the sector and will remain so and will revise their earnings guidance upwards.
Prakash Diwan of prakashdiwan.in said the numbers were not as severe disappoint as was expected. However, the fall in margins was below estimates
Ravi Menon of Elara Capital, in an interview to CNBC-TV18, said there is some uptick in capex in the energy space which might provide some fillip to Wipro's IT business in the coming years. However, for now this vertical will prove to be a drag.
Karan Taurani, Senior Analyst, Dolat Capital told CNBC-TV18 that TCS‘ revenue numbers are tad above expectations. “The margins are a positive surprise because given this quarter there was a salary hike and the visa cost impact."
Sarabjit Kour Nangra of Angel Broking said that she was disappointed with the guidance number as Wipro has made a few acquisitions and sees a sharp down trend in its stock on Thursday.
According to Harendra Kumar of Elara Capital, the stock is aptly priced currently and there is no reason for either re-rating or de-rating the stock.
Deepak Shenoy of capitalmind.in believes that the Tata Consultancy Services (TCS) numbers are not particularly impressive and might weigh on the stock on Wednesday.