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stock market: IT a more defensive, stable and core place to be in now: Punita Kumar Sinha

“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.” ....

Punita Kumar Sinha , Lok Sabha , Offering College , Indian School Of Business , Managing Partner , Pacific Paradigm Advisors , Middle East , Leadership Excellence , Might Also Like , Prime Minister Modi , Stock Market , It Sector News , Stock Market Outlook , Expert View , Et Now ,

Buyback not enough for TCS

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. ....

Infosys Ltd , Tata Consultancy Services , Revenue Growth ,

Brokerages not rattled by big 3 IT players' tepid Q2 performance

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 ....

Motilal Oswal , Lt Technology Services , Institutional Equities , Tech Mahindra , Stop Loss , Ptech Earnings , Q2 Earnings , Hcl Tech , Axis Securities ,