Indices: Stock market update: Nifty IT index falls 0.22%
The Nifty IT index closed 0.22 per cent down at 38045.65.
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The Nifty IT index closed 0.22 per cent down at 38045.65.
Persistent Systems continues to report strong growth even during the challenging times with increasing client engagement, Axis Securities said. The broking firm assigned KPIT Tech target price based on 47x FY26E EPS .
Birlasoft: Antique said the deal pipeline remains strong but future signings are uncertain due to the timing of client decisions. The IT firm is looking to execute and maximise signings in the upcoming quarter, it said.
The Nifty IT index was trading 0.68 per cent down at 37771.35.
Over the past year the MSCI Emerging Markets Small Cap index has gained 16.5%, beating the large cap index’s return of around 9%.