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IT stocks: There is a mixed picture by analysts, another round of warning on earnings coming; should you listen or ignore?
Late last week and early part of this week, the fall in the market was led by a few largecap IT stocks. The reasons, once again there are fears that as the Q4 earning season comes closer, large IT companies would be announcing lackluster results with no great guidance for FY 25. While the probability of that happening cannot be ruled out, the question is whether these all things have been built in the underperformance of the stocks. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Paytm CEO meets RBI officials; Nykaa doubles Q3 profit
In an attempt to address regulatory concerns, Paytm founder and CEO Vijay Shekhar Sharma, along with the firm's executives, met officials of the Reserve Bank of India (RBI) on Monday. This and more in today’s ETtech Top 5.
Paytm trims Q3 losses; Dream11 FY23 revenue grows 66%
Digital payments major Paytm on Friday said it has narrowed losses to Rs 222 crore for the quarter ended December, from Rs 392 crore a year ago and Rs 290 crore in the preceding quarter.
Q3 results this week: RIL, HDFC Bank, ICICI Bank, HUL, UltraTech Cement, Kotak Bank and others
Various companies including Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. On Monday, Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, Brightcom Group results will be out among others.
Q3 earnings, global cues, FII flows among 8 factors to set trajectory for D-Street this week
In the coming week, the trajectory of domestic equities will be influenced by Q3FY24 earnings, including those of HDFC Bank and Reliance Industries. Global markets, corporate actions, and fund flows will also play a significant role. Investors will closely monitor the movement of global equities, particularly in China and Taiwan. Key macro-economic data to watch includes consumer price inflation in the UK and the US Fed's Beige Book.
L&T Tech MD on BP partnership, SWC acquisition & more
“As far as comms is concerned we have gone deeper internationally. There are some good deals in the pipeline and we will see if these close but we have been able to successfully take the ability to lay out fresh networks right, envisage and lay out fresh networks with our smart world team globally.”
We are committed to be world class: Air India CEO Campbell Wilson
This current phase, which you rightly note we're halfway through, is where we're building all of the platforms and capabilities to support very aggressive growth. That includes the 470 aircraft that we announced earlier this year, and putting a lot of the platforms in place.
Air India taps Airbus, L3Harris for training unit
The Tata group took over Air India on January 27, 2022 from the government which had put it on the block for privatisation. In the last 1 year, the airline has been charting out ways to leverage the strengths of the Tata group companies, including Tata Technologies that recently launched its IPO. Tata Technologies is "doing some work for us in digitising certain seat components so we can get spares manufactured amongst other things," said Wilson, adding Tata Elxsi is helping the airline with a lot of "design work".
Stocks in news: SBI Cards, Adani Power, L&T, Vedanta, Tech Mahindra, Bank of Baroda
Two promoter group entities in Adani Power Ltd acquired 2% additional stake in the company in a staggered manner since September through the open market. Following this, the cumulative shareholding of promoters has increased to 71.14%.
Midcaps brave IT winter better than big firms
Despite a few companies like Happiest Minds and Mphasis missing estimates due to wage hikes and sustained pressure on the BFSI segment, analysts see the midcap segment continuing to end the fiscal on a strong note.
L&T Tech falls nearly 6% as earnings estimates cut
"While LTTS' deal wins have improved, complemented by better margin defence, risks of business cyclicality and weaker working capital cycle (post-SWC) persist," HDFC Securities said in a note.
L&T Tech Q2 Results: Net profit rises 5% YoY to Rs 315 crore; firm declares dividend of Rs 17/share
L&T Tech on Tuesday reported that its revenue from operations for the quarter ended September jumped 5% year-on-year to Rs 2,387 crore as against Rs 2,282 crore in the second quarter of last year. The interim dividend will be paid to equity shareholders of the company whose names will appear in the register of members or in the records of the depositories as on October 27, which is the record date
'We have roadmap, will have a launch soon': P Veeramuthuvel on India's Gaganyaan mission
India is preparing for its first manned space mission, Gaganyaan, after the successful missions of Chandrayaan-3 and Aditya L1. The project director of Chandrayaan-3, P Veeramuthuvel, stated that India has mastered the technology of soft landing, which is necessary for human exploration in space. The Indian Space Research Organisation (ISRO) has begun preparations for unmanned flight tests as part of the Gaganyaan mission, including the development of critical systems such as cabin and communication systems.
Aditya-L1: India may be the fourth to take a trip to L1 Halo orbit
Aditya’s estimated journey time from launch date to its designated orbit is four months, according to the scientists who said the mission’s objective is not to be a space weather-alert instrument.
The moon is now open for business
Apart from making it a base for future habitation, the exploration of the lunar surface will also give a fillip to the private sector
13 space stocks add $2.5 billion m-cap this week ahead of Chandrayaan-3 landing
Stocks of 13 companies that supply equipment ranging from electronics components to metal gears used in a rocket’s communication and navigation have added more than $2.5 billion in market value this week, according to data complied by Bloomberg.
Stocks in news: IndusInd Bank, L&T Tech, Rallis India, Tata Communications
IndusInd Bank posted 33% rise in net profit for the quarter ended June to Rs 2,124 crore. Total income for the quarter increased 28% YoY to Rs 12,939 crore.
Auction the preferred way to allocate airwaves, Attorney General tells Telecom Department
The DoT had sought the Attorney General's opinion on the matter, after framing guidelines for private networks, in which direct or administrative allocation - or allotment without auction - of airwaves to enterprises was also listed out as one of the options.
Q3 results this week: L&T, Bajaj Finserv, Sun Pharma, Tech Mahindra, Ashok Leyland and others
Results that will be out on January 30 include Larsen & Toubro, Bajaj Finserv, Tech Mahindra, Bharat Petroleum Corporation, Bajaj Holdings & Investment, GAIL, SRF, Punjab National Bank, REC, Laurus Labs, IIFL Finance, Trident, Exide Industries, Nippon Life India Asset Management, Mazagon Dock Shipbuilders, Welspun as well as Inox Leisure.Load More
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