‘We are not out of woods yet, stick to quality names’ 2020/10/05 12:21:54 Economic Times India
Liquidity is taking the markets up and holding it there. Earnings revival is at least two to four quarters away, says Ajay Bagga, market expert. What next for TCS? Just ahead of its numbers, it announced plans to consider a buyback. Clearly the large is getting large. Would you say TCS continues to be in the top spot in the pecking order?Yes definitely and multiple drivers are there for TCS. Both the promoters or one promoter and the other group of Tata Sons would like some liquidity and that is also driving this. Overall, Indian IT costs are down with the travel cost having come down dramatically and there is a return of the digital revenues. So in the nearly $4 trillion dollar global IT pie, digital, automation, work from home, cloud and remote working are getting a lot of scope. The entire software as service, infra as service places are getting bid up and our IT majors are well positioned for that and TCS is at the top of the pack. This run up is more because of the buyback announcement and that means a good thing for shareholders.
Tech stocks like TCS, Infy, Wipro, Mastek are soaring, here's why 2020/10/05 12:17:41 Sify.com
Mumbai: Tech stocks saw a major rally on Monday. Stocks of Tata Consultancy, Infosys, Wipro, Mastek and other leading names reported a gain during the trade. The BSE Information Technology index made a 4.06 percent intra-day gain, the highest after BSE Metal (up by 2.5 percent) and BSE Teck (3 percent). Shares of TCS with a gain of 7.30 percent made the highest gain. TCS saw volume of 4.73 lakh shares to settle at Rs 2,706.85 and even recorded a 52 wk high of Rs 2,727. TCS had also announced that its Board of Directors will consider share buyback in its meeting on October 7. This also was a reason for the rally. Stock price of Wipro surged 5.67 per cent or Rs 17.75 to Rs 330.75 per share. Infosys shares were at Rs 1,042.40, higher by Rs 24.70 or 2.43 per cent from the previous close. Shares of the HCL Technologies were at Rs 824.15, higher by Rs 11.40 or 1.40 per cent. The enthusiasm among tech stocks arose from a simple reason - a US Judge blocking H1-b visa ban last week. In June, US President Donald Trump issued an executive order temporarily barring the issue of new H-1Bs and other foreign visas including H-2B, J and L visas, until end of the year.
Nifty reclaims 11,500, courtesy TCS. Key levels to watch now 2020/10/05 11:55:38 Livemint
Shares in TCS, Wipro Ltd and Infosys Ltd were among the top percentage gainers on the Nifty 50.
TCS to consider share buyback; will Infosys, HCL follow suit? 2020/10/05 10:10:30 Economic Times India
TCS has a policy of returning 80% to 100% of free cash and a buyback will be in line with their stated policy, says Apurva Prasad.
Infosys Completes Acquisition of GuideVision, a Leading ServiceNow Elite Partner in Europe | Business 2020/10/05 07:14:14 Devdiscourse
BENGALURU, India and PRAGUE, Oct. 5, 2020 /PRNewswire/ -- Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has completed the acquisition of GuideVision, one of the largest ServiceNow Elite Partners in Europe and an award winning enterprise service management consultancy specialised in offering strategic advisory, consulting, implementations, training and support on the ServiceNow platform.
These companies produced the highest number of rich Indians 2020/09/29 10:05:46 Economic Times India
“Infosys is the only company that is not family-run and yet produced more than five entrants into the Hurun India Rich List 2020,” said Anas Rahman Junaid, MD and Chief Researcher, Hurun India.
IT Stocks Gain On US Stimulus Hope ; TCS, Infosys Close To Record Highs 2020/09/29 06:24:14 Goodreturns
Information technology (IT) stocks in intra-day trade on September 29, 2020 rallied up to 3% on media report that the US government is working to push through another stimulus package worth $2.4 trillion. On the news, TCS gained
IT shares gain on US stimulus hope; TCS, Infosys near record highs 2020/09/29 04:48:00 Business Standard
Read more about IT shares gain on US stimulus hope; TCS, Infosys near record highs on Business Standard. The IT index outperformed the market in the April-June (Q1FY21) quarter
Sensex jumps over 200 points in opening trade; Nifty tests 11,300 - Times of India 2020/09/29 04:36:00 The India Times
India Business News: Equity benchmark sensex jumped over 200 points in early trade on Tuesday led by gains in index-heavyweights TCS, Infosys and HDFC twins amid positive
Sensex, Nifty trim gains but still in green; TCS, Infosys surge, Bharti Airtel, ICICI Bank slip 2020/09/29 04:31:00 The Financial Express
Domestic equity markets began Tuesday’s session with gains, looking to add to their 2-day gaining spree.
Top stocks to watch— HCL, Infosys, Happiest Minds Tech, IndiGo, SpiceJet, Bharat Petroleum, Hindustan Petroleum, and more 2020/09/17 02:44:00 Business Insider India
At 8:00 am, the SGX Nifty was trading 0.54% lower, indicating a weak start for Nifty50. Here’s a list of stocks to watch for in trade today. Check out the
Stocks to Watch: RIL, Infosys, pharma stocks, BPCL, Motherson Sumi 2020/09/17 01:56:57 Livemint
The Federal Reserve left interest rates near zero and signalled it would hold them there through at least 2023 to help the US economy recover from the coronavirus pandemic
sensex today: Sensex surges 258 points; Nifty reclaims 11,600 - Times of India 2020/09/16 10:36:00 The India Times
India Business News: Domestic equity benchmark sensex jumped 258 points on Wednesday following gains in HDFC Bank, Infosys and M&M amid sustained foreign fund inflows.
Sensex surges 258 points; Nifty reclaims 11,600 2020/09/16 10:32:38 India TV News
Domestic equity benchmark Sensex jumped 258 points on Wednesday following gains in HDFC Bank, Infosys and M&M amid sustained foreign fund inflows.
Indian IT sees more ER&D deals from abroad 2020/09/16 08:35:33 Economic Times India
BENGALURU: Indian IT firms are seeing more engineering research and development service deals in their pipeline as global customers look to re-engineer and launch products faster in an uncertain market.Last week, Wipro received a multi-year global contract for providing automotive engineering services from Marelli. Analysts said the deal could be worth $250-300 million spread over a few years. KPIT received a five-year software services deal estimated at more than $60 million deal from tier-I automotive company.“If I take the top 10 integrated players in the country or top five; ER&D is a big focus segment for all of them. They are adding more logos in the customer acquisition process. For example, of the total of HCL Tech close to a billion dollar revenue comes from ER&D services; TCS also gets close to a billion dollar revenues comes from ER&D services,” K S Viswanathan, vice president, Industry Initiatives, Nasscom, told ET.Engineering services is growing faster than traditional IT services, according to Nasscom data.The engineering research and development services or ER&D, including development centres of global companies and businesses of Indian companies, generate $31 billion currently and the domestic market contributes nearly $2.5 billion out of that.