Estimated read time 20 min read
Stock Market News

IT Sector: Between midcaps and largecaps, what should you pick? Here’s what experts suggest

Moreover, in the fourth quarter of FY24, Indian IT firms have revised their forecasts due to weak demand and macroeconomic uncertainties, leading to a reevaluation [Read more about this post…]

Estimated read time 15 min read
Stock Market News

Infosys shares have highest weight in Nifty IT index; TCS positioned second

IT stocks are in focus as the top Indian software companies, Tata Consultancy Services (TCS), Infosys, Wipro and Persistent Systems, have announced their Q4 results. [Read more about this post…]

Estimated read time 2 min read
Stock Market News

Wipro Q4 Results: PAT dips 8% YoY to Rs 2,835 cr; revenue guidance pegged at -1.5 to 0.5% – The Economic Times Video

IT services company Wipro on Friday reported an 8% year-on-year (YoY) fall in consolidated net profit to Rs 2,835 crore for the quarter ended March [Read more about this post…]

Estimated read time 6 min read
Stock Market News

Q4 results this week: HDFC Bank, Infosys, Wipro among 62 companies that’ll announce earnings

IT bellwether Tata Consultancy Services (TCS) has kickstarted the fourth quarter earnings season with better than expected numbers and a strong operating margins beat. It [Read more about this post…]

Estimated read time 12 min read
Stock Market News

Wipro’s stock price rose 121% during Thierry Delaporte’s tenure, revenue up 47% in last 14 quarters

Wipro’s share price rose 121.43 per cent during Thierry Delaporte’s tenure as chief executive officer (CEO) and managing director (MD) of India’s fourth-largest technology major. [Read more about this post…]

Estimated read time 5 min read
Stock Market News

Thierry Delaporte: Wipro CEO Thierry Delaporte quits, to be replaced by Americas chief Srini Pallia

Wipro on Saturday said its chief executive officer Thierry Delaporte was leaving the company effective immediately “to pursue passions outside the workplace”. He will be [Read more about this post…]

Estimated read time 6 min read
Stock Market News

CLSA upgrades TCS, two other IT majors, despite conservative outlook

CLSA India has upgraded its rating on a few frontline information technology stocks and even raised price targets for a few of them, even though [Read more about this post…]

Estimated read time 13 min read
Stock Market News

Nifty 50 slid for the second week in a row, 27 stocks shut in the red

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In addition, the dimming hopes for an early rate cut by the US Fed, geopolitical tensions in the red sea, and rising US bond yields [Read more about this post…]

Estimated read time 9 min read
Stock Market News

75 smallcaps shine with double-digit gains in extended trading week despite elevated valuations

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It seems investors are in no mood to let go of smallcap stocks despite elevated valuations. As many as 74 smallcaps delivered double-digit returns in [Read more about this post…]

Estimated read time 11 min read
Stock Market News

Wipro ADR down 8% on NYSE days after Q3FY24 results; Net profit fell 12%, revenue down across segments

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Days after the announcing the October-December quarter results for fiscal 2023-24 (Q3FY24), the share price of information technology (IT) major Wipro witnessed a sharp decline [Read more about this post…]