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Potential for Indian IT tocks likely to see some rerating

After disappointing guidances in the first quarter (Apr-Jun) of the 2023-24 financial year (Q1FY24) and valuation downgrades, the Indian IT sector could see some positive repricing as the bad news for IT maybe easing in Q2FY24. A key negative factor was weaker demand from the US financial sector and from North America in general. The latest GDP (gross domestic product) estimates and sector-specific news suggest that the demand situation may not be quite so bad with a gradual recovery in tech spe...
United States Tata Elxsi Dominic Xavier Rediff North America Persistent Systems Business News
Source: rediff.com

Potential for Indian IT stocks likely to see some rerating

By Devangshu Datta After disappointing guidances in the first quarter (Apr-Jun) of the 2023-24 financial year (Q1FY24) and valuation downgrades, the Indian IT sector could see some positive repricing as the bad news for IT maybe easing in Q2FY24. A key negative factor was weaker demand from the US financial sector and from North America
United States Devangshu Datta Tata Elxsi North America Persistent Systems

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Zaggle Prepaid Ocean Services IPO opens on September 14

Zaggle IPO | The initial public offering comprises a fresh issue of shares worth Rs 392 crore by the company, and an offer-for-sale of 1,04,49,816 equity shares by eight selling shareholders including promoters Raj P Narayanam, and Avinash Ramesh Godkhindi.
Koteswara Rao Meduri Avinash Ramesh Godkhindi Rajp Narayanam Ashish Rameshchandra Kacholia Pitney Bowes Ventureast Proactive Fund

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