Page 32 - Institutional Equities News Today

Sobha shares closed 2.10% lower at Rs 1270.25 on January 5 against the previous close of Rs 1297.50 on BSE. Market cap of the firm fell to Rs 12,047 crore

Multibagger stock: Titagarh Rail Systems shares closed on a flat note at Rs 1005.90 on Monday against the previous close of Rs 1005.45. Market cap of the firm stood at Rs 13,546.83 crore.

Titagarh Rail Systems is expected to benefit from Indian Railways plans to double its freight-loading volumes and increase its logistics share, which includes adding over 30,000 wagons per annum over the next five years.

However, analysts believe Infosys will maintain its operating margin guidance of 20-22 percent for the financial year.

Multibagger stock: Inox Wind shares ended 1.18% lower at Rs 510.15 on Friday. Market capitalisation of the firm fell to Rs 16,628 crore.

Biomass, municipal waste and pharma waste are among the alternatives that the industry is exploring to heat cement kilns.

Experts believe Q3 results may present a mixed performance with a slightly weaker overall performance. The IT sector may have muted earnings growth, while financials may face margin pressure but show strong top-line growth.

After an unusually solid September quarter, not a single mega deal was announced by Indian IT during the third quarter. A weak FY24 exit looks imminent

December is a seasonally weak quarter for IT majors due to higher furloughs, and analysts anticipate a likely impact of postponed wage hikes on margins. 

The bullish stance of analysts is driven by LTIMindtrees better-than-expected performance in Q2 FY24, strong deal pipeline, improving growth in SAP digital, data, and vendor consolidation.