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.

A total of 1,112 shares changed hands on the counter till 11:47AM (IST).

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.

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.

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.

A total of 692 shares changed hands on the counter till 11:47AM (IST).

A total of 5,559 shares changed hands on the counter till 01:29PM (IST)

The stock quoted a 52-week high of Rs 9054.0 and a 52-week low of Rs 5708.1.

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.

A total of 1,591 shares changed hands on the counter till 10:55AM (IST)

“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.”

A total of 10,428 shares changed hands on the counter till 11:47AM (IST).

“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.”

The Relative Strength Index of the stock stood at 57.75 on Friday.

A total of 5,347 shares changed hands on the counter till 11:21AM (IST)

The Relative Strength Index of the stock stood at 60.33 on Tuesday.

A total of 2,509 shares changed hands on the counter till 12:43PM (IST).

The stock quoted a 52-week high of Rs 9275.05 and a 52-week low of Rs 5708.1.

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.

A total of 5,259 shares changed hands on the counter till 11:41AM (IST)

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.

On the technical charts, the RSI of the stock stood at 55.28.

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.

A total of 1,559 shares changed hands on the counter till 12:23PM (IST).

A total of 5,563 shares changed hands on the counter till 12:08PM (IST)

The stock quoted a 52-week high of Rs 10760.4 and a 52-week low of Rs 5708.1.

A total of 3,989 shares changed hands on the counter till 11:21AM (IST)

The stock quoted a 52-week high price of Rs 10760.4 and low of Rs 5708.1.

The stock quoted a 52-week high of Rs 10760.4 and a 52-week low of Rs 5708.1.

A total of 2,000 shares changed hands on the counter till 12:34PM (IST)

A total of 3,353 shares changed hands on the counter till 11:26AM (IST).

A total of 1,440 shares changed hands on the counter till 10:56AM (IST).

On the technical charts, the 200-day moving average of the stock stood at Rs 6811.21.

On the technical charts, the RSI of the stock stood at 37.24.

The stock quoted a 52-week high price of Rs 10760.4 and a 52-week low of Rs 5708.1.

A total of 1,100 shares changed hands on the counter till 10:15AM (IST)

A total of 1,688 shares changed hands on the counter till 10:35AM (IST).

A total of 1,905 shares changed hands on the counter till 12:38PM (IST).

A total of 2,154 shares changed hands on the counter till 12:02PM (IST)

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 Relative Strength Index of the stock stood at 38.16 on Tuesday.

A total of 10,765 shares changed hands on the counter till 12:22PM (IST)

The Relative Strength Index of the stock stood at 49.29 on Thursday.

A total of 8,469 shares changed hands on the counter till 12:20PM (IST).

Sharekhan recommended Hold rating on Tata Elxsi with a target price of Rs 7500 in its research report dated July 18, 2023.

KR Choksey is bullish on Tata Elxsi has recommended buy rating on the stock with a target price of Rs 8406 in its research report dated July 18, 2023.

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.

Large IT services companies have flagged discretionary spending cuts by clients and an uncertain demand environment.

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%.

The revenue from operations grew by 17 percent to Rs 850 crore during the quarter from Rs 726 crore in June 2021 quarter.

The Relative Strength Index of the stock stood at 64.78 on Monday.

Shares of HDFC Bank, LTIMindtree, and Tata Elxsi will be in focus today as the companies will announce their first quarter results.

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.

The stock traded at a P/E multiple of 62.65, while the price-to-book value ratio stood at 17.8.

A total of 7,629 shares changed hands on the counter till 10:55AM (IST)

“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.”

“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.”

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.

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.

A total of 1,019 shares changed hands on the counter till 10:30AM (IST).

A total of 11,517 shares changed hands on the counter till 01:12PM (IST).

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.

A total of 3,756 shares changed hands on the counter till time (IST).

A total of 2,463 shares changed hands on the counter till 11:33AM (IST).

The stock traded at a P/E multiple of 62.85, while the price-to-book value ratio stood at 17.8.

A total of 4,019 shares changed hands on the counter till time (IST).

A total of 2,127 shares changed hands on the counter till 10:41AM (IST)

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.

The stock quoted a 52-week high of Rs 10760.4 and a 52-week low of Rs 5708.1.