Page 19 - Persistent Systems News Today

     business reporter destination it nagpur meet 2023 concluded at st. vincent pallotti college of engineering & technology (svpcet), nagpur recently where 140 delegates from it industry brainstormed over development of

Analysts expect a muted quarter for the IT industry but there is optimism in the sector in anticipation of the end of the rate-tightening cycle

Indian IT companies may see faster revenue growth starting from Q4FY24 due to a better overall economy and large deal wins, according to BNP Paribas. The firm believes Q3FY24 will be the last quarter of weakness before growth picks up.

TCS has a neutral rating, but UBS raised the target price to Rs 4,050 from Rs 3,700 earlier. HCL Technologies has a neutral rating, but the target price was raised to Rs 1,540 from Rs 1,350 earlier.

Stocks to watch: Shares of firms like Adani Ports, NTPC, Bajaj Finance, LIC, Power Grid, Wipro, and others will be in focus on Thursday's trade.

The IT sectors has been an underperformer in the bull run seen in the market in 2023, largely dragged by a weak macro environment due to prolonger deal conversions as business ramped down on IT spending.

/PRNewswire/ -- Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, announced a...

Infosys, HCL Tech Q3 results: Nirmal bang said investors would wish to known whether Infosys will come in at the higher or lower end of its guidance and if there is any change in the revenue conversion problem seen in Wipro.

Indian IT services companies are expected to report subdued numbers for the December quarter due to weakness in IT services demand and high furloughs.

One should keep an eye on midcaps from the Cement, Engineering / Capital Goods, Infra, Railways, Defence, Renewable and IT space, says Sudeep Shah.