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IT stocks: Stock market update: Nifty IT index tanks over 1%; Info Edge loses 4%

NEW DELHI: Nifty IT index was trading with losses at 02:06PM (IST) on Wednesday. While Info Edge (India) (down 3.87 per cent), Coforge (down 1.82 per cent), Larsen & Toubro Infotech (down 1.65 per cent), Wipro (down 1.41 per cent) and Tata Consultancy (down 1.06 per cent) were the top losers in the index. The Nifty IT index was trading 1.18 per cent down at 25311.4 around 02:06PM. Benchmark NSE Nifty50 index was down 97.95 points at 15215.5, while the BSE Sensex was down 371.4 points at 51...
Lal Pathlabs Larsen Toubro Infotech We Win Ltd Sanwaria Consumer Ltd Central Bank Vera Synthetic Ltd

Trade setup for Indian equity markets for February 17, 2021

Updated Feb 17, 2021 | 08:58 IST The Nifty posted its highest ever quarterly earnings per share at Rs 164.4 for Q3FY21. The 50-stock index managed to close 100 points off the day’s high and made an outside bar with the close lower than open. Trade setup for Indian equity markets for February 17, 2021&nbsp | &nbspPhoto Credit:&nbspThinkstock Key Highlights Nifty Bank underperformed 1st time in 3 days NSE Advance-Decline negative for 3rd day in a row The Nifty posted it...
Nifty Bank Nifty Energy Photo Credit Nifty Midcap Nifty Smallcap Nifty Metal

Stocks to buy: Betting on financials? These smaller banks and NBFCs show promise

Explore Now People ought to focus on the larger infrastructure companies where the overall earnings visibility and quality is better than the smaller ones, says Hemang Jani, Equity Strategist & Senior Group VP, MOFSL. On Nestle numbers The overall trend of the consumer companies has been that on the volume growth front, things are pretty much okay but there are some margin pressures. The important takeaway from Nestle was that the online sales have grown very rapidly. Nestle and some of the c...
India General Hemang Jani Au Small Finance Bank Equity Strategist Senior Group Equity Strategist Senior Group

Zomato's board to make final decision on IPO: InfoEdge's Chintan Thakkar

February 16, 2021 Zomato does intend to go for an initial public offering and is preparing for it, according to Chintan Thakkar, chief financial officer at Info Edge (India) Ltd., an early investor in the food delivery company. Zomato is an independent company with an independent board; its board will take a final decision and only then, the IPO will proceed. At this stage, Info Edge cannot give a timeline or any other details on the public listing, Thakkar said on the an earnings call held on...
Deepinder Goyal Sanjeev Bikhchandani Chintan Thakkar Info Edge India Ltd Info Edge Info Edge India

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Three stocks that may benefit from India's electric vehicle push

Three stocks that may benefit from India’s electric vehicle push Automobile companies with more customer reach and market share are believed to benefit in future on the launch of electric vehicles segment. (Bloomberg)Premium Gaurav Garg, CapitalVia Global Research Limited Automobile companies with more customer reach and market share are believed to benefit in future on the launch of electric vehicles segment Share Via Read Full Story Electric vehicles market in India is steadily going to t...
New York United States South Africa Rocky Mountain Andhra Pradesh Maruti Suzuki

IT stocks: Stock market update: Nifty IT index falls nearly 2%; Info Edge dips 9%

NEW DELHI: Nifty IT index was trading with losses at 01:40PM (IST) on Tuesday. Shares of Info Edge (India) (down 8.84 per cent), Mindtree (down 2.3 per cent), Larsen & Toubro Infotech (down 1.79 per cent), Infosys (down 1.12 per cent) and Tata Consultancy (down 1.09 per cent) were the top losers in the index. While Coforge (up 0.51 per cent), Tech Mahindra (up 0.44 per cent) and MPhasis (up 0.12 per cent) were among the top gainers. The Nifty IT index was trading 1.65 per cent down at 2557...
Larsen Toubro Infotech We Win Ltd Sanwaria Consumer Ltd Vera Synthetic Ltd Solar Industries Jiya Eco Products Ltd

Abu Dhabi firm ADQ to invest $70m in India's Policybazaar

streetAsias premium subscription service Unlock your competitive advantage in a rapidly evolving landscape. Our packages come with exclusive access to archive content, data, discount on summit tickets & more. Be a part of our growing community now. SUBSCRIBE NOW Singapore Reporter/s In Singapore, we are lookin...
New Zealand General New Zealand United Arab Emirates Abu Dhabi Yashish Dahiya Southeast Asia

With IPO Plans For Later This Year, Policybazaar Set To Raise $70 Million From Abu Dhabi Based ADQ At About $2 Billion Valuation

Policybazaar Gurugram based unicorn Policybazaars valuation is likely to surge significantly with Abu Dhabi based investment firm ADQ set to invest $70 million in the online insurance aggregator platform business, Livemint. ADQ is headed by United Arab Emirate (UAE)s National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan who is also the brother of UAEs crown prince Sheikh Mohammed bin Zayed Al Nahyan. The investment by ADQ will value 13-years-old Etechaces Marketing and Consulting Pvt. L...
New Zealand General New Zealand Abu Dhabi Yashish Dahiya Masayoshi Son Sanjeev Bhikchandani

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