APURVA PRASAD

What does muted Accenture guidance mean for Indian IT companies? Apurva Prasad explains

The decline in Accenture's consulting business is a significant factor in their first guidance, and the negative impact is felt in verticals such as communications. However, the managed services segment remains stable, and Indian IT companies are expected to benefit from increased market share due to strong bookings. The US economy, which historically influences Accenture's performance, is expected to recover, indicating potential growth for the IT sector.

We expect normalization in IT sector from Q3, Q4 onwards: Apurva Prasad

" If I have to name a few stocks within the tier ones, within the largecaps an LTI and MindTree, there is certainly an opportunity. If I look in midcap, mid-tier IT, then Persistent Systems and within the smallcap space, Birla Software. These would be some things where there is a good opportunity. Broadly, the mid-tier IT growth outperformance over tier one can continue. "

Rs 9,000 crore-selloff! Infosys, Tech Mahindra on top of FII hate list in Q1

The June quarter shareholding pattern data shows that FIIs pared their stake in Infosys by another 165 bps to 33.44%. In the case of Tech Mahindra, which will report its Q1 results on Wednesday, FII holding went down by 118 bps to 25.69%.

IT stocks log best day in 3 years; TCS jumps over 5% on easing rate worries, strong deal pipeline

Among frontline stocks, Tech Mahindra rallies 4.51%, Infosys climbs 4.40%, HCL Technologies gains 3.80% and Wipro advances 2.69%.

We expect TCS and HCL Tech to be outperforming on growth in near term: Apurva Prasad

​So, while you may argue that in PE terms it is low, but if I have to look on a PEG basis which is I think a better reflection because that does factor in the earnings growth potential, within the top six, if I may, LTIMindtree probably look the most attractive within the space.

Adani stocks among Nifty counters that saw highest buying by MFs last month

Indian mutual funds continue to buy stakes in Adani Group companies despite an ongoing investigation by the market regulator Sebi and a Supreme Court-appointed committee into the Hindenburg issue. At least 17 mutual funds are exposed to the firm, which has seen buying from Invesco, Kotak Mahindra, NJ Mutual Fund and others in May. While Adani Enterprises saw the highest month-on-month buying, buying was also seen in Adani Ports and Adani Wilmar. Although shares in Adani Total Gas have fallen by 67% in the past year, the cement arm of the conglomerate saw buying interest from firms such as Franklin Templeton.

Buy the fear? 3 factors that can make Infosys a good contra stock pick

Infosys, which has been one of the biggest wealth creators on Dalal Street in the last three decades, was trading 25% below its 52-week high after its March quarter earnings and FY24 guidance miss left analysts shocked. The selling was probably led by large institutions because many of them are less likely to hold stocks where they don't see enough growth coming in the next few months.

Can start nibbling in Infosys; midcap IT may outperform largecaps: Apurva Prasad

HDFC Securities has downgraded Infosys from a buy to an add rating, cutting estimates by 5%. While there is an element of sectoral risk following the company's deal cancellations and deference, there is no structural risk to margins, with Prasad predicting value will soon emerge. Despite a downgraded outlook, Prasad believes the probability of achieving a midpoint of 4-7% constant currency is fairly high in the medium term, making it an add rather than a buy recommendation.

What to expect from TCS Q3 results? Apurva Prasad answers

I think most of the forward-looking indicators are things which would be very important. So investors would be looking at the deal booking numbers and the kind of hiring intensity. I think these are couple of lead indicators that one should be looking at.

IFFI 2022: Asha Parekh to get lifetime achievement with Spanish film-maker Carlos Saura

The actress' 3 films will be screened at the film fest.

Govt’s reforms lifeline for Covid-hit FM radio industry

The decision was taken at the Cabinet meeting chaired by PM Narendra Modi last week and, accordingly, the government has approved the amendments to the FM Radio Phase III policy guidelines, said a statement issued by the Information & Broadcasting ministry.

Govt approves amendments for private FM Phase-III guidelines

The Centre has amended the policy guidelines for the expansion of private FM radio stations by simplifying the financial eligibility norms to allow participation of companies with net worth of Rs 1 crore in the bidding process for category 'C' and 'D' cities.

IT stocks likely to remain under pressure amid global headwinds: Analysts

So far in 2022, Tech Mahindra has plunged 42.68 per cent while Wipro has plummeted 41.38 per cent and HCL Technologies has dropped 25.38 per cent. In the case of TCS and Infosys, the IT bellwethers, the decline has been 12.63 per cent and 19.87 per cent, respectively.

IT sector can deliver double digit growth; BFSI expected to be a strong driver: Apurva Prasad

“The BFSI vertical is expected to be a strong driver for the IT sector. Some of the smaller part of their portfolio – be it utilities, travel, hospitality – will also be contributing a lot. The traction from end clients or end customers is visible there, There is Cloud tech value migration towards large hyper-scalers and Cloud providers. Most of the system integrators are going to be strong.”

Can inflation derail the IT story? Apurva Prasad answers

“While some of the risks, which are associated with the macroeconomic environment can get bigger, it is manifesting more from an increasing cost of equity that has resulted in this correction. From the demand standpoint, most of the top clients or enterprises have been giving out in terms of the trajectory of tax spend a fair amount of confidence that these numbers are not at risk.”

Desi IT companies double market share to 28% in 10 years

Indian IT firms have been gaining market share for decades now. They were quick to adapt to the tectonic shift from mainframes through client server to mobile applications and the cloud native era.

Infosys to expand, deepen ESOP pool to retain talent, says Salil Parekh

Infosys is among the earliest Indian IT firms to offer ESOPS, helping several thousand employees generate wealth as the company grew as India's second-largest software exporter

Is IT sector going to have the strongest Q4 ln 5 years? HDFC Sec's Apurva Prasad answers

5 attractive bets in IT largecap and midcap space

“The structural benefits will play through even in the margins for the IT companies.”

Is there scope for PE multiples to rise in IT stocks?

Incremental growth from FY21 to FY23 is almost twice of what was added over the prior four-year period, says Apurva Prasad.

Mphasis and Hexaware are our top midcap IT picks: Apurva Prasad, HDFC Securities

We are expecting flattish quarter-on-quarter performance from Wipro.

Nasscom guidance in line with expectation: Apurva Prasad, HDFC Securities

“Revenue-wise, mid-cap IT is growing almost 1.7-1.8x large cap IT. Earnings side is growing much faster.”

Continue to be bullish on IT mid-cap space: Apurva Prasad, HDFC Securities

“There is a very clear premium that TCS is holding for a variety of reasons. We do not really see a re-rating on the multiple.”