Page 4 - Tata Technologies News Today

Nifty gained 2% weekly but declined Friday due to US inflation concerns, geopolitics, FIIs selling. Markets closed May 1 for Maharashtra Day. Key factors to watch include US Fed FOMC, Q4FY2024 earnings, and technical factors. "Going ahead, FII activity remains a key factor to watch especially considering their already low holdings in the Indian market."

In the coming truncated week, the market is expected to consolidate with a positive bias, with focus on Fed interest rate decision, corporate earnings, monthly auto sales numbers, and manufacturing PMI data, experts said.

Automotive clients account for up to 35% of IT services manufacturing clients.Indias top IT firms thus clearly draw meaningful revenue from carmakers around the world.With the advent of electric and tech-laden cars, ITs reliance on automotive revenue is now rising

The IPO could hit the market by the end of 2024. Separately, the conglomerate is also considering transferring some of its non-core assets to Tata Capital. The Tata Group is planning to bring about an IPO to restructure operations and make the company public.

Tata Tech share price: Shares of Tata Technologies Ltd were trading 0.28 per cent higher at Rs 1,085.60 in Wednesday's trade. At this price, the stock has fallen 8.03 per cent on a year-to-date (YTD) basis. Moreover, it has dropped 22.46 per cent from its all-time high value of Rs 1,400, a level seen on November 30 last year (listing day).

Tata Tech Q4 results: Kotak Institutional Equities in its preview note expects Tata Technologies to report 19.5 per cent YoY drop in net profit at Rs 174.40 crore on 7.3 per cent drop in sales at Rs 1,300 crore.

Bharti Hexacom's shares surged 32.5% in their trading debut on Friday, valuing the Indian telecom operator at 377.50 billion rupees ($4.53 billion). The stock opened at ......

Bharti Hexacom's shares surged 54.4% in their trading debut on Friday, valuing the Indian telecom operator at 440 billion rupees ($5.28 billion).

Bharti Hexacom: "The listing is beyond expectations and the movement thereafter even more surprising," said Arun Kejriwal, founder of Kejriwal Research and Investment Services.

‘Wipro is like a perpetual turnaround story’. Heard that line before? Well, the company has lagged peers. And having had eight CEOs since 2000 conveys a leadership continuity challenge. TCS, in its 55+ year history, has had fewer bosses. Pallia, therefore, has a difficult job.