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October 13, 2023
TCS reported a 8.74 per cent YoY jump profit at Rs 11,342 crore on 8 per cent YoY rise in sales at Rs 59,692 crore. Infosys logged 3 per cent rise in profit on 6.7 per cent rise in revenue at Rs 38,994 crore.
October 13, 2023
In the last 2 years, Indias three most valued stocks - Reliance Industries (RIL), Tata Consultancy Services (TCS) and HDFC Bank - have all given negative returns. RIL is down 12%, TCS 2% and HDFC Bank around 6%.
October 13, 2023
“I would not call IT a high-growth sector anymore but one that is more defensive, stable and a core place to be in. As the risks towards the global situation increase due to geopolitical tensions, IT may be a decent place to be in because they have inherently a lot of cash on their balance sheet and even if there is a little bit of a slowdown, they can weather that through.”
October 13, 2023
Buyback is a way of rewarding shareholders wherein a company buys back its shares usually at a premium to current prices.TCS on Wednesday announced a buyback of ₹17,000 crore for ₹4,150/share, higher than the current market price of ₹3,542.55.
October 13, 2023
On October 12, ETMarkets identified 10 stocks with a decreasing Relative Strength Index (RSI). Discover why monitoring RSI trends is essential for investors and how it influences stock movements.
October 13, 2023
TCS reported a revenue drop in Q2, while Infosys and HCL cut FY24 revenue guidance.Brokerages made only minor tweaks to their estimates and most of them maintained
October 13, 2023
India Business News: TCS share buyback: Approximately 6.15 million shares, equivalent to 15% of the buyback, are reserved for small shareholders with holdings valued below
October 13, 2023
Indian IT giant Infosys has announced that it will not be conducting campus recruitments for the time being, disappointing engineering graduates. The companys CFO, Nilanjan Roy, explained that they already have a substantial fresher bench and ample room for enhancing utilization, so they have decided to postpone campus recruitments this time around.
October 13, 2023
On October 13, Trendlyne reported the emergence of the Golden Crossover in over 40 Nifty stocks. ETMarkets has handpicked 10 stocks from this set that have experienced this powerful pattern.
October 13, 2023
Firms are utilising already hired fresher talent and not backfilling attrition as they battle demand slowdown.