Stay updated with breaking news from Lti Mindtree. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Several large and midcap stocks displayed remarkable resilience by surpassing their 100-day Simple Moving Average (SMA) on November 7. These stocks represent a diverse range of industries and are positioned for potential growth.
India’s economy and markets are going from strength to strength. Investors are raising the debate as to whether this strong run can continue.
In 2023, the Nifty 50 has suffered a decline of over 1% on more than 11 occasions, with January 2023 having the most instances of such fall.
Axis Capital's Manik Taneja says that tier-1 tech companies have managed to maintain margins well, with some deferring wage implements. However, growth has been modest and below expectations for most companies in the IT sector. Taneja does not expect significant positive surprises in Tech Mahindra's upcoming earnings report and believes that the company's margins may not show a significant uplift. Axis Capital has a negative view on the sector overall, with Tech Mahindra being the only positive-rated stock among tier-1 companies.
LTI Mindtree Q2 FY24 results: Revenue decreased by 43.89% YoY & profit decreased by 49.36% YoY