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While observing that a public representative is entitled to raise a legitimate public issue in peaceful demonstrations, the Jharkhand High Court on February 9, discharged the Member of Parliament (MP). ....
Manik Taneja says Axis Capital has reduced sell ratings for most tier I and tier II companies, except for Tech Mahindra which is rated positive. The positive reaction to stock prices is driven by companies reporting in line to a beat to modest expectations. The sector has underperformed compared to benchmarks, leading to some catch-up. However, the earnings trend continues to be mixed. ....
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. ....