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Nifty IT index is probably among very few sectoral indices which are still below the high they had touched in October 2021. Yes, the sector has some headwinds which not many had thought would appear two years back. But the bigger question is whether this phase of underperformance is about to get over or not. It might be too early to say as short term performance could be many reasons, but the way stocks have reacted to bad news and see sharp upward movement with slightly positive news, it might ...

Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.

Year 2024, started with contrarian buy call by note by a large foreign brokerage and the impact on the IT stocks is visible as they stand out in green territory. One of the basic principles of figuring out whether the stock prices have bottomed out or have topped out is how they react to the negative and positive news. It is after a long period of time that IT stocks have reacted to positive news. When news is bad and most are skeptical it is time to look at businesses which have a track record ...

Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score. Each stock is ranked on a scale of 1 to 10.

One of the basic principles of figuring out whether the stock prices have bottomed out or have topped out is how they react to the negative and positive news. Now lets use the same thing on Infy, two bad news in quick succession, first the resignation of the CFO and then more than a billion US dollars getting canceled. Lets look at what happened when both the news came. The resignation news came post the market hours and the Infy ADR and initial sharp cut, but then recovered. Next day the infy ...

Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score. Each stock is ranked on a scale of 1 to 10.

Metal sector has been witnessing a mixed news flow, the much anticipated recovery in China is not panning out but there is no immediate pressure on prices. In the case of companies, some of them have utilized the amount they made in the recent boom to reduce the debt. Some of the stocks have been outperforming by not declining in a corrective phase of markets. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks -...

In Wednesday’s trading session, as the nifty made a U turn, one set of stocks which were able to hold its head above water for some time were IT stocks. Now there are two ways to look at it, first they have been underperforming for almost two years, so this might be a catch up trade. Second, given the fact that other parts of the markets are so expensive that given the lower than valuations and quality of balance sheet which most software companies have, they are attractive buy from a pers...

Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score

With the US Fed clearly indicating that the interest rate trajectory has changed, two things are going to happen. First the risk off trade globally will get further fuelled. A part of this means that US tech stocks are likely to see continued push which will have its impact on Indian tech stocks also. Second, as the overall cost of capital for US companies and also the consumer will come down. For US companies, it means more discretionary spending, a part of which comes to Indian tech companies....