Hexaware Technologies, a major IT company in India, is gearing up for a significant re-entry into the stock market. The company has filed for an […]
Tag: IT Sector
Foreign Investors Boost IT, Pharma, and Consumer Stocks in August Amid Fed Rate Cut Hopes
In August, foreign investors increased their stakes in India’s information technology (IT) and pharmaceutical sectors, expecting a potential rate cut by the U.S. Federal Reserve, […]
Brokerage Reports: 18th December 2023
1. HSBC on Autos (2024 outlook): – 2023 had favorable conditions (demand, launches, lower commodity prices, valuation boost). – Unlikely to repeat in 2024, expect […]
Accenture’s Q1 Earnings Overview: Mixed Analyst Reactions and Outlook for FY24
Accenture’s Q1 FY24 highlights:• Revenue: $16.2B (+3% Y/Y, as expected).• Non-GAAP EPS: $3.27 (surpassed by $0.14).• New bookings: $18.4B (+12% Y/Y).• Dividend: $1.29 (+15% Y/Y).• […]
Brokerage Reports: 4th January 2024
HSBC’s on Adani Ports: – Target: ₹1,250.– Earlier Target: ₹920.– Recommendation: Buy.– Brokerage Radar: – A favorable Supreme Court verdict is anticipated to simplify further […]
Global Hedge Funds Shift Portfolios Amidst Changing Market Dynamics
In the week from November 10 to November 16, global hedge funds orchestrated a significant shift in their portfolios, as revealed by Goldman Sachs. Notably, […]
TCS Faces Allegations of Unilateral Employee Relocations: NITES Raises Concerns
In a recent development, the Nascent Information Technology Employees Senate (NITES) has accused Tata Consultancy Services (TCS) of compelling employees to relocate without adequate consultation. […]