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Nifty 13% overvalued, says Kotak Equities, picks L&T, ITC in All-Season portfolio

Nestle India, Tata Consultancy Services (TCS) and Bajaj Auto are other stocks in its December 2023 All-Season portfolio, which have outperformed the Nifty index in both absolute and risk-adjusted terms, a Quant Research report said
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From the Internet to cloud to AI: the musical chair of strategy and performance in Indian IT industry

There has been a world of change in the past 25 years in technology and the Indian IT services industry has had to respond by adapting swiftly. The dot-com bubble, social media, the global financial crisis — IT companies strategic choices have helped them stay relevant. Some of these firms also sacrificed margins for growth or vice versa. What next?
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TCS: TCS' Rs 17,000-crore share buyback to open on Dec 1

"The company believes that the buyback is not likely to cause any material impact on the profitability or earnings of the company except to the extent of reduction in the amount available for investment, which the company could have otherwise deployed towards generating investment income," TCS said in a regulatory filing.
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