New Delhi: Here are some stocks that are likely to be in focus on Monday: State Bank of India: The state-owned lender posted a muted 0.9% growth in its net profit due to margin compression, higher loan loss provisions and a fall in other income. The board has approved fundraising […]
Infosys
Eight out of the top 10 most valued companies in India collectively lost ₹1,28,913.5 crore in market value last week, PTI reported. Among the top 10, Tata Consultancy Services (TCS) and Infosys were the biggest losers with weak equity trends, it added. In the ranking of the most valued firms, […]
The combined market valuation of six of the top 10 valued firms jumped ₹1,85,186.51 crore last week, with Life Insurance Corporation of India (LIC) and Infosys emerging as the biggest gainers. Last week, the BSE benchmark climbed 728.07 points or 0.90 per cent. The valuation of LIC surged ₹44,907.49 crore […]
In the holiday-shortened week, the combined market valuation of eight of the top 10 most valued firms surged by ₹2,10,330.26 crore, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India (LIC) leading the gains. The BSE benchmark index increased by 85.31 points, or 0.10%, and the 30-share BSE […]
IT sector giant Infosys Ltd pleasantly surprised the Street with its June quarter (Q1FY24) earnings performance. Sequential revenue growth in constant currency terms stood at 3.6% last quarter, ahead of the consensus estimate of 2.3%. Growth was broad-based across verticals but led by the financial services and manufacturing verticals. Notably, Infosys’ financial […]
Infosys share price is expected to rise on Friday after its US-listed shares witnessed a sharp rally overnight after the announcement of its Q1 results. Infosys American depository receipts (ADRs) rallied over 8% on the New York Stock Exchange (NYSE) Thursday after the IT services major beat its revenue estimates […]
Q1 Results Preview: Infosys will be reporting its financial performance for the April-June 2024 quarter on Thursday 18 July 2024. Moderate IT sector Q1 expectations The expectations around financial performance by Infosys and other IT sector companies has remained subdued. General expectation is that the growth of the Information Technology […]
Last week witnessed a significant surge in the combined market valuation of seven of the top-10 most valued firms, amounting to an increase of ₹1,72,225.62 crore. Leading the charge was IT giant Tata Consultancy Services (TCS), benefiting from a bullish equity market. During the week, the BSE benchmark rose by […]
The Street’s expectations of a significant revival in the revenues of information technology services companies have now been pushed to FY26. Consequently, the Nifty IT index has underperformed the Nifty 50 index so far in 2024. Sure, recent commentary from global IT giants Accenture and Cognizant suggest that demand has […]
Eight of the top-10 most valued firms together added ₹1,83,290.36 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers, in line with a rally in equities. Last week, the BSE benchmark jumped 963.87 points, or 1.21 per cent. The […]