BROKERAGES ON TCS
Nomura turns bullish on Indian IT sector, highlights Infosys, Coforge as top picks
Nomura bullish on Indian IT sector with top picks Infosys and Coforge, upgrades ratings for Wipro and HCL Technologies. Anticipates GenAI adoption boosting cloud services demand.
How India's new brain power adds to its economic brawn
India is transitioning from being the telemarketing voice of MNCs to their intellectual hub with the rise of GCCs. These fully owned and integrated hubs are driving growth, innovation, and value creation by leveraging India's talent pool. With a projected doubling of GDP share by 2030, GCCs are transforming India's economy and IT landscape, attracting global companies seeking tech talent and cost efficiency.
HCC shares jump 15% after Elara Capital initiates buy rating, sees 58% upside
Hindustan Construction Company (HCC) witnessed a significant surge of almost 15% to reach a peak of Rs 45.6 during Tuesday's trading session on the BSE. This increase came after brokerage firm Elara Capital initiated coverage on the stock with a 'Buy' rating and set a target price of Rs 63.
IT stocks plunge up to 5% on Monday after 8% rally last week. Know how experts view sector!
Nifty IT index fell 2.3% with Coforge and Persistent Systems as top losers, despite Nifty hitting a lifetime high. IT sector has seen recent positive returns but remains a laggard over the quarter.
Banking stocks drive Sensex 111 pts higher from deep red; Nifty above 22,100
Indian equity indices surged, with Sensex and Nifty posting gains. Top gainers included Asian Paints, Sun Pharma, HDFC Bank, TCS, Axis Bank. Tata Motors faced downgrades while Cipla reported a significant profit surge in March 2024.
Infosys Jefferies' only IT pick on growth visibility, valuations
Jefferies downgraded its ratings on LTI Mindtree and Coforge to underperform on the back of rising uncertainty in their growth and margin outlooks.
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Q4 earnings review: BFSI, auto lead YoY PAT beat for Nifty companies; IT, consumption top drags
Dalal Street's Q1 earnings season sees Nifty constituents with 24% YoY profit growth, varying estimates from brokerages: ICICI Securities reports 44%, Kotak Institutional Equities 14%, and Motilal Oswal 13%.
IT stocks' valuation palatable, says Kotak Equities. Check top 4 picks
Infosys, TCS and HCL Tech remain top picks of brokerage firm Kotak Institutional Equities followed by Cyient in the mid-tier segment amid an extended outlook for weak demand and macro uncertainty in the IT sector.
FIIs raise bet on TCS, Infosys, 4 other IT stocks in Q4. Time for a U-turn?
FIIs raised stakes in multiple IT stocks in Q4, hoping for a turnaround in FY25. However, they sold IT stocks in April, leading to a 4.4% drop in the Nifty IT index. Various companies and sectors were involved in these transactions.
Q4 results today: HDFC Bank among 8 companies to announce earnings
Q4 results today: HDFC Bank to release Q4 numbers today with expectations of strong growth. TCS exceeded estimates, Infosys faced challenges in Q4.
Brokerages cut target prices on Infosys after muted guidance
Brokerages adjust Infosys' share targets post revenue cut. Stock at ₹1,411.95, target post Q4: ₹1,582.12 (12% upside). Analysts note slow discretionary demand despite sector bottoming out, Infosys' attractive valuation.
TCS shares defy market sell-off as target prices rise after Q4 beat. Should you buy?
TCS shares rose up to 1% to the day's high at Rs 4,063 on BSE even as Sensex and Nifty fell around 1%. During the March quarter, TCS reported a 2.2% YoY increase in its revenue at Rs 61,237 crore in constant currency terms, despite ongoing demand weakness
Hot Stocks: Brokerage view on Zomato & TCS; Exide could double in next 1 year
CLSA maintained an underweight rating on TCS post March quarter results and reduced the target price to Rs 3941 from Rs 4043 earlier.
What to expect from TCS Q4 earnings? Sandip Sabharwal answers
So, even a small amount of slippage in expectations can lead to a sell-off. So, I would think that the stock is more than fairly valued at this price. I would believe that the valuations are on the higher side at 196 levels.
Q4 Results Today: What to expect from TCS earnings?
TCS anticipates sequential growth in Q4 driven by BFSI and manufacturing sectors. Operating margin estimates 25.2-27.2%. Key focus on FY25 outlook, Hi-Tech, telecommunications, US, Europe, and Accenture Plc. Investor interest in Dalal Street.
TCS Q4 results on Friday: Recap of how IT bellwether fared in FY24; key things D-Street needs to watch out for
TCS Q4 Results Preview: TCS to release earnings for March with slight improvement expected. Analysts monitor core earnings, profitability, deal wins, and management outlook for FY25 closely after challenging quarters.
TCS Q4 Preview: Reversal of furloughs to aid sales growth; FY25 outlook on radar
TCS likely to see sequential revenue growth in Q4 driven by BFSI and manufacturing sectors, with key focus on management commentary on new deals and vertical outlook.
TCS likely to outdo peers with ramp-up in big deals
Its operating margin is also likely to expand in the absence of any major wage increases and higher internal efficiency. The country’s largest software exporter is slated to declare the fourth quarter numbers on Friday.
JP Morgan upgrades Persistent Systems, KPIT Tech and LTIMindtree ahead of Q4 results
In a significant move, JP Morgan, one of the leading global financial institutions, has announced a series of upgrades and adjustments for several key players in the Indian IT sector ahead of the fourth-quarter results.
Infosys vs TCS: Who is poised to win in this Q4 IT battle?
TCS and Infosys are set for Q4 IT battle with muted industry performance expected. TCS eyes strong growth, while Infosys anticipates recovery in FY25. Margins favor TCS. Market outlook cautious amidst global uncertainty.
Hot Stocks: Brokerage view on M&M Finance, Jubilant FoodWorks, Tata Technologies, TCS and HCL Tech
CLSA upgraded TCS, HCL Technologies, and Tech Mahindra. Nomura recommended reduce on M&M Finance. BofA upgrades Jubilant FoodWorks to buy. JPMorgan maintains underweight on Tata Technologies.
Hot Stocks: Brokerage view on Paytm, Havells, Sanofi and TCS
IIFL downgraded Sanofi India to Reduce from ADD earlier with a target price of Rs 8,125. The stock continues to underperform domestic market growth. New launches remain limited and muted volume growth is seen in the top 3 therapies.
Hot Stocks: Brokerages view on Infosys, TCS, Polycab India and Macrotech Developers
Brokerage firm InCred upgraded Infosys to an ADD post Q3 results, Morgan Stanley also upgraded TCS to overweight post Q3 results, Axis Capital maintained an ADD rating on Polycab and Jefferies has a buy rating on Macrotech Developers.
Hot Stocks: Brokerages view on RIL, ONGC, BPCL, Godrej Consumer and Infosys
CLSA maintained a buy rating on RIL with a target price of Rs 3060. Organic and inorganic triggers are likely to come together and support the up move in 2024.
Infosys vs TCS: Who felt winter chills stronger than the other in Q3?
While TCS is seen reporting a moderate growth in revenue in constant currency terms sequentially, Infosys will see the topline declining by more than 1 per cent, according to estimates given by brokerage firms.
Hot Stocks: Brokerages view on Bajaj Auto, LTIMindTree, NTPC and TCS
UBS maintained a sell rating on Bajaj Auto with a target of Rs 5600. e-3W transition dilutive to margins and market share. The global investment bank is of the view that the market is overly confident about Bajaj Auto's e-3W market share and looted margins.
Brokerages trim Infosys price targets
"Given the strong 2Q and robust deal bookings, the guidance cut is a disappointment and indicates a weak 2H," said Jefferies' analysts Akshat Agarwal and Ankur Pant in a note to clients.
Analysts have mixed outlook on TCS post weak Q2
Consensus EPS to drop; weak revenue commentary to weigh on P/E multiples
Hot Stocks: Brokerages view on TCS, Tata Steel, Zomato and BPCL
The IT company is going through rough seas which was anchored by a share buyback. Q2FY24 revenue missed the estimate, but the EBIT margin was above estimate.
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