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“As weve continued monitoring and diving into the Indian VC ecosystem, one of our investment indicators, “Total Market Capitalization of VC-Backed Companies Public in India,” crossed $50B,” Sethi wrote in a LinkedIn post.
Analysts say the IT space offers reasonable valuations compared to their historical averages, a rarity in the ongoing bull run in the market
Breaking news headlines about Mastercard, linking to 1,000s of sources around the world, on NewsNow: the one-stop shop for breaking news
Shares of Wipro have bounced back strongly, gaining 12% to ₹422 apiece from the November low of ₹377. This resurgence has positioned the stock in close proximity to its 52-week high of ₹443.75 apiece.
After an almost 73 percent jump in the stock in 2023 YTD, brokerage house Axis Securities has chosen Persistent Systems as its top pick of the week. The brokerage has a ‘buy’ recommendation on the stock with a target price of ₹7,115, indicating an upside of 10%.