What does muted Accenture guidance mean for Indian IT companies? Apurva Prasad explains
The decline in Accenture's consulting business is a significant factor in their first guidance, and the negative impact is felt in verticals such as communications. However, the managed services segment remains stable, and Indian IT companies are expected to benefit from increased market share due to strong bookings. The US economy, which historically influences Accenture's performance, is expected to recover, indicating potential growth for the IT sector.
Tata Elxsi and 3 other midcap stocks cross 50-day SMA
Tata Elxsi Limited is a leading global design and technology services provider. On September 26, its stock closed at Rs 7310.9, comfortably exceeding the 50-day SMA of Rs 7263.09.
Tata Elxsi stock price up 0.71 per cent as Sensex slides
As of 30-Jun-2023, promoters held 43.92 per cent stake in the company, while FIIs held 14.22 per cent and domestic institutional investors had 2.4 per cent.
Tata Elxsi stock price down 0.26 per cent as Sensex slides
As of 30-Jun-2023, promoters held 43.92 per cent stake in the company, while FIIs held 14.22 per cent and domestic institutional investors had 2.4 per cent.
Engineering students brace for a tough placement season
In a typical year, 30% to 50% of the offers come from IT/ITeS companies alone, placement officials at over half a dozen engineering colleges in Karnataka, Kerala, Tamil Nadu and Rajasthan told ET.
Getting positive on IT, added to positions: Rakshit Ranjan
“There is a good 30% to 40% drop in the PE multiple when you normalise for the cash element or go pre-Ind AS and normalise it for that aberration..So, when you normalise the PE multiple for how the P&L is going to look like adjusted for aberrations, the real PE multiple appears much lower than that.”
Be selective now. if you feel a particular stock is too overpriced, book profit: Porinju Veliyath
“Rather than getting bothered much about the exuberance, there are some companies which have gone much beyond its fundamentals or justifiable limit. I definitely agree. That is where you have to do capital allocation and move to stocks or businesses still available at very reasonable valuation or stocks that are still underpriced.”
Share price of Tata Elxsi falls as Sensex drops 38.98 points
Promoters held 43.92 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 14.22 per cent and 2.4 per cent, respectively.
Tata Elxsi stock price up 0.04 per cent as Sensex slides
As of 30-Jun-2023, promoters held 43.92 per cent stake in the company, while FIIs held 14.22 per cent and domestic institutional investors had 2.4 per cent.
Share price of Tata Elxsi jumps as Sensex gains 88.56 points
Promoters held 43.92 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 14.22 per cent and 2.4 per cent, respectively.
Tata Elxsi stock price up 0.33 per cent as Sensex climbs
As of 30-Jun-2023, promoters held 43.92 per cent stake in the company, while FIIs held 14.22 per cent and domestic institutional investors had 2.4 per cent.
The demand scenario remains absolutely convincing. And the company's position, because of the distribution reach that they have created is also remaining a very compelling proposition.
Tata Elxsi Q1 Results: Profit up 2% YoY to Rs 189 cr; revenue jumps 17%
The profit before tax (PBT) grew 9% year-on-year to Rs 248 crore in the reporting period. The company added 422 employees in the first quarter, taking the total headcount to over 12,000, with attrition dropping further to 15.6%.
TCS, Finolex Cables among 10 stocks with RSI trending up
10 out of 12 stocks that experienced an increase in trading on July 13, have seen a rise in their RSI values, according to ETMarkets. The RSI helps to determine whether a stock is overbought or oversold and provides insights into a stock's potential trend reversal points.
Should you buy the slam dunk in Nazara & Delta? Dipan Mehta answers
“Post the GST rejig which has imposed 28% tax on gaming of all sorts, it is better to just stay away for two-three quarters. Let the dust settle down. Let us see what the real numbers are and how the impact has been and then take a call.”
Upside limited in IT stocks, Reliance for now: Sandip Sabharwal
“My reading of the way Mukesh Ambani has operated his business is that they would like to keep everything in the same basket. Unless and until there is a demarcation of the businesses among his children and to that extent, they need to demerge, that is something which wont happen.”
Hot Stocks: Brokerage view on Container Corp, Bharti Airtel, Kewal Kiran and Tata Elxsi
The global investment bank believes that the ER&D spending slowdown seen over the last six months is structural and not cyclical. Channel checks suggest that there is no urgency amongst enterprises to spend on these areas. Reopening (post-Covid) requires less need for spending on connected and smart products.
Akzo Nobel,camong 10 stocks with RSI trending down
The Relative Strength Index (RSI) is a valuable technical indicator for assessing a stock's price momentum and can help investors make informed investment decisions. It measures recent price changes on a scale of 0 to 100, with values above 70 indicating overbought conditions and values below 30 suggesting oversold conditions.
These 7 stocks, including 3 banks may be moved to “largecap” category by AMFI: Nuvama
The Association of Mutual Funds in India (AMFI) is set to release the results of its stock categorization review, with expected changes to the largecap, midcap, and smallcap categories. According to Nuvama Institutional Equities, seven stocks will be upgraded to the largecap category, including Punjab National Bank and Shriram Finance. Additionally, nine stocks are likely to be downgraded from smallcap to midcap, such as Punjab & Sind Bank and Bharat Dynamics. Nuvama also predicts the movement of eight stocks from largecap to midcap, and ten stocks from midcap to smallcap.
Nifty to go at least 5-10% higher from current levels over next 2 years: Dipan Mehta
Well, I think it is great news that these block deals are happening and I am not too perturbed about exits which are taking place because clearly I think the stock is going into stronger hands for one.