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IT stocks on road to revival, may be dark horse this year

Information technology (IT) companies have been on the road to revival in the past one year. From being the worst-hit sector in 2022 with a loss of 26 per cent, the Nifty IT index closed 2023 with gains of 24 per cent. So far in 2024, the index is up around 7 per cent against the nearly flat Nifty 50 benchmark index. The IT index has been on a continuous decline in the last three sessions.
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Source: rediff.com

media stocks rally: Pricey valuations threaten best Indian media stocks rally in 14 years

An equity index that houses Indias biggest operator of cinema screens as well as its top television broadcaster has lost about 6% since reaching a 17-month high in early September. Still, up 31% this quarter through Friday, the gauge is poised for its best performance since 2009.
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Bollywood, Cricket Hold Promise for Indian Media Stocks After Rally Boosts Valuations

(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wake-Up CallBonds Fall, Dollar Rallies as Hawkish Fed Sinks In: Markets WrapHollywood Screenwrite...
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Source: yahoo.com

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Analyst Call Tracker: Why are analysts lowering expectations from HCL Technologies?

HCL Tech, which has a fairly sizeable exposure to the troubled BFSI segment in key US and Europe markets, is likely to report a drop in constant currency revenue growth in a seasonally weak fourth quarter. Its consistent underperformance is also a worrying factor.
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Infosys hits record high on robust revenue guidance; zooms 103% in one year

Shares of Infosys hit a fresh record high of Rs 1,597.25, up 1.3 per cent on the BSE in the intra-day trade on Thursday, after the country’s second-largest information technology (IT) services player on Wednesday raised its revenue growth guidance for financial year 2021-22 (FY22) buoyed by a robust deal pipeline. The stock surpassed its previous high of Rs 1,590.85 touched on June 30, 2021. In the past one year, Infosys has outperformed the market by zooming 103 per cent, as compared to a 47...
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eClerx Services rallies 45% in 3 days, hits new high post Q4 results

Read more about eClerx Services rallies 45% in 3 days, hits new high post Q4 results on Business Standard. The company reported healthy March quarter numbers with revenues up 19.3 per cent QoQ in constant currency terms and 19.7 per cent QoQ in reported terms
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