[ad_1] Zomato and Jio Financial have become the newest entrants to the Nifty 50 index, after they started trading on the benchmark index on Friday, March 28. But has history been kind to stocks that enter the Nifty? Or do their wheels of fortune change after they are removed from the index? Here’s a look […]
LTIMindtree shares downgraded by Goldman Sachs, price targets cut for TCS, Infosys – CNBC TV18
[ad_1] Global brokerage firm Goldman Sachs has downgraded LTIMindtree to ‘Neutral’ and cut its price target to ₹4,500 from ₹6,570 earlier. The brokerage has maintained its ‘Buy’ rating on TCS but lowered the price target to ₹4,230 from ₹4,550. Similarly, it has kept its ‘Buy’ rating on Infosys while reducing the price target to ₹1,790 […]
IT Stocks Crash: Index falls into ‘bear market’ territory on US recession fears, multiple downgrades – CNBC TV18
[ad_1] The Nifty IT index has now slipped into “bear market territory” on Wednesday, March 12, meaning that the index has corrected over 20% from the record high it made in December last year. All constituents of the Nifty IT index are trading with losses during this period, with stocks like LTIMindtree and Mphasis having […]
Top IT stock picks: Axis Capital sees value in these largecap and midcap names – CNBC TV18
[ad_1] Axis Capital sees strong opportunities in the information technology (IT) sector, identifying select largecap and midcap stocks that could perform well in the coming years. Wipro and Infosys lead its largecap preferences. Historically, Wipro has shown strong performance in specific market cycles, particularly in 2017 and 2021, noted Manik Taneja, Executive Director- IT Services […]
Here is how other Nifty IT stocks like Infosys, HCLTech are reacting to TCS Q3 results – CNBC TV18
[ad_1] The Nifty IT index is the top sectoral gainer on Friday, January 10, trading with gains of over 2.5% after sector leader Tata Consultancy Services (TCS) Ltd. reported its December quarter results on Thursday. Shares of TCS are trading with gains of over 4% and are top gainers not only on the Nifty 50 […]
One of the worst performing IT stocks of 2024 now gets a ‘double upgrade’ – CNBC TV18
[ad_1] Global brokerage firm Jefferies has issued a double upgrade for LTIMindtree Ltd., citing its attractive valuations. The foreign brokerage has double-upgraded LTIMindtree to ‘Buy’ from its earlier rating of ‘Underperform’ and raised its price target to ₹6,650 from ₹5,450 earlier. Company Value Change %Change The revised price target implies a potential upside of 16% […]
What is in store for Indian IT in 2025? Here is a bull and bear case – CNBC TV18
[ad_1] The Nifty IT index has gained 23% so far in 2024, following the 24% returns it had generated in 2023. Since 2017, 2022 has been the only year in which the Nifty IT index has generated negative returns. Back in 2020 and 2021, the index had gained close to 60% each. Company Value Change […]
LTIMindtree shares erase all the gains made in the last six weeks with the worst week of 2024 – CNBC TV18
[ad_1] Shares of LTIMindtree Ltd., recently excluded from the Nifty 50 index fell another 6% on Friday. With this the stock is down for the fourth day running. Shares had declined 5.5% on Thursday as well. Company Value Change %Change With this fall, the stock is down 13% so far for the week and is […]
Infosys, TCS or Persistent Systems — These are the top Indian IT picks post Accenture results – CNBC TV18
[ad_1] Indian IT companies, Infosys Ltd., TCS Ltd., Wipro Ltd. and their peers will be in focus on Friday, December 20, after Accenture reported results for the first quarter of its fiscal year 2025 on Thursday. Company Value Change %Change Accenture shares ended 7% higher in response to the results. US-listed shares of Infosys and […]
LTIMindtree and GitHub forge alliance with focus on AI-driven transformation – CNBC TV18
[ad_1] IT solutions provider LTIMindtree Ltd on Tuesday (December 10) said it has entered into a strategic partnership with GitHub Forge, the leading platform for Copilot-powered developer tools, to transform enterprise software development. Company Value Change %Change The collaboration combines GitHub’s advanced DevOps tools and AI-driven pair programming with LTIMindtree’s expertise in digital engineering and […]