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TCS, Infosys, HCL Tech, Wipro, TechM: Are IT shares overvalued? Stock picks by analysts ahead of Q3 results

The BSE IT index has dropped 3 per cent in the last five days against a 1 per cent drop for the Sensex, with Infosys Ltd (down 4 per cent), Wipro Ltd (down 3.49 per cent), TCS (3.17 per cent), Tech Mahindra Ltd (down 2 per cent), HCL Technologies Ltd (down 2 per cent).

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ltts share price: LTTS shares fall nearly 4% as company lowers FY24 revenue guidance in Q2 earnings

LTTS reported a net profit of Rs 315.4 crore on Tuesday, up 5.2% over the year for the second quarter. In line with larger peers, Infosys and HCLTech, the company has also slashed its revenue growth guidance for the fiscal from 20% to 17.5-18.5%, due to “delayed decision making”.

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Sensex snaps two-day rally

Mumbai, Oct 12 (PTI) Benchmark BSE Sensex declined in a volatile trade on Thursday, reversing the two-day rally, largely due to selling in IT stocks.

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new york is the largest city to pass this kind of legislation. so far, michigan is the only state in the country that has laws banning weight this termination. advocates want new york state to be next. that brings us to the end of asia business report at this hour. i want to tell you about how the exercise company peloton is recalling over 2 million bikes over fears that the seeds could detach during use. 0wners over fears that the seeds could detach during use. owners have been advised to stop using the bikes in the company has received numerous reports of injury including lacerations and a fractured west —— wrist. the bikes sold in popularity during the pandemic afterjim's closed but it has since been struggling. it's advertisements have been mocked as sexist and its treadmill was recalled for safety issues and it shares plummeted 75% in 2021, in part linked to the depiction of a

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new york is the largest city to pass this kind of legislation. so far, michigan is the only state in the country that has laws banning weight discrimination. advocates want new york state to be next. that brings us to the end of asia business report at this hour. i want to tell you about how the exercise company peloton is recalling over 2 million bikes over fears that the seats could detach during use. owners have been advised to stop using the bikes and the company has received numerous reports of injury including lacerations and a fractured wrist. the bikes soared in popularity during the pandemic after gyms closed but it has since been struggling. its advertisements have been mocked as sexist and its treadmill was recalled for safety issues and it shares plummeted 75% in 2021, in part linked to the depiction of a sex and the city character, mr big, dying from a heart attack on one of their bikes. thanks so much forjoining me.

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from eastern european, they would have no tolerance. i do think is an ethnic element. there are some a catalyst for illegal immigration, mexico wants the 60 billion that it shares with central american remittances, they want a safety valve, you know, march across the border, not on mexico city, they are racist compared to the way they treat their people. >> tucker: aggressively racist. >> absolutely. then we have the movement that wants to change demography. we have the democratic party from california, nevada, colorado, i think texas and arizona, so they are a factor. and then we have the corporate world where, you know, he really drove down wages, you hire somebody. everybody said, well, yeah, but you're just -- it's not that different when you paste buddy $6 or $8 in cash versus ten or 12, but it was different because the hardest workers in the world where people were desperately poor and have never seen people work that hard, at least the

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i think they would have norn eup tolerance for them. and also, i do there's an ethnic element. th there's so many catalysts for illegaeralysl immigration.eb mexico wants the 60 billion that it shares with centrales w americanith remittances. they want a safety valve, youos know, march across the border, not on mexico city when we're corrupt and we're racist and they are racist. ,compared to the way they treat their indigenous people, then we have a massivel>> tuckey. el. th absolutely. and then we have the la razaen movement that wants to changinhg demography. we have the democratic party flip, california, nevada, coloradoe om calif, i think texs and arizona, they've done mexico. worlhey're a factoo theyr. then we had the corporate world were you know, it really drove down wagesdo. yo.u hire somebody and everybod diff, wellwell, yeah, but you're just it's not that different when you pay somebodyn ca six dollars or eight dollars isr cash versus ten or twelve. but it was different because the hardest workers in the world are people from warhawwhere k. they were desperately poor. work that

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dollar. the semiconductor industry are something we are also keeping an eye on, it is one of the biggest industries in taiwan, and it is something both the chinese desperate to get their hands on. one of the biggest make —— makers is tmc. it shares have dropped 3.1%. if we can talk about as we have countless times on this channel that the global supply chain shortage, a lot of that has to do with semiconductors. for example, auto—makers and the us and europe as well as china, they had to halt production because theyjust had to halt production because they just didn't had to halt production because theyjust didn't have enough of them. now, these little things that can fit on the palm of your hand are desperate for companies in china as well as the us, as they move on and they develop things for 56. this is a part of their big plan, in terms of boosting their economy. it is something we are keeping a very careful eye on this industry, and how

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saudi arabia to the broader global economy. vladimir putin is again the key actor, who probably made this meeting happen today between the president of the united states and the crown prince. it is not a new conversation. it is a painful one though for a president like joe biden who campaigned as someone who was going to return the united states to what he called a values-based policy. it is not clear what values if any the united states would like to say that it shares with mohammed bin salman. >> susan glasser. good to see you. thank you so much. >> thank you. all right, still to come, a desperate father pleading for help as the search continues for his son. a 20-year-old university of mississippi student who went missing on july 8th. do you want some more?! waitit 'til you see me on the downhill... [laughs] see you at homome. enjoy advanced safety at the lexus golden opportunity sales event. it■s hard eating healthy.

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