Page 36 - Persistent Systems News Today

Stocks to watch out for today: IRCON International, Maruti Suzuki, Infosys, HCL Tech, RITES, Paytm, Persistent Systems, IDBI Bank, Glenmark Pharmaceuticals, HDFC Asset Management Company, Sun Pharma, Advance Lifestyles and more

Shares of KPIT Technologies Ltd have turned into multibagger in the last three years. The IT stock, which closed at Rs 113.45 on October 12, 2020 was trading at Rs 1201 in the current session, delivering 962% returns during the period. An amount of Rs 1 lakh invested in KPIT Technologies stock three years ago would have turned into Rs 10.57 lakh today. In comparison, Sensex has risen 63.44 per cent during the period. The stock touched its all-time high of Rs 1237.80 in the last session (October ...

IndusInd Bank and foreign room expands, the banking stock could become a potential new entrant with an approximate inflow of $280 million.

Others likely to feature in the index and benefit from global passive fund inflows are Polycab India and Tata Communications, wealth firm Nuvama Alternative & Quantitative Research said.

Suri is overweight on Midcap IT space and NBFCs due to niche consumer base and focus on technology of the former and price and earnings growth in the latter.

A short build-up was seen in 50 stocks, including Delta Corp, TCS, Infosys, Zydus Lifesciences, and BHEL

The stake sale has lowered HDFC AMC’s stake to 3.06% in the $5 billion Pune-based IT firm, in which the country’s top fund managers held over 23.5% through 35 different schemes as of June end.

Although the September quarter has been seasonally strong for Indian software exporters, analysts stated this time Q2 earnings are likely to show a continuation of weak demand with macro uncertainty prolonging.

Five insurers namely ICICI Prudential Life, SBI Life, HDFC Life, Tata AIA Life and Kotak Life owned Rs 1,991 crore worth of IHCL shares, which is seen as key beneficiary of rising demand and pick up in average room rentals.

WASHINGTON, D.C. A number of industry partners showcased new hardware and software at this week's Association of the United States Army (AUSA) annual conference, technology that uses a modular open standards approach (MOSA) to simplify mission systems used by soldiers in the field.