TCS INFOSYS HCL TECH

94 stock ideas across sectors with bullish stance by ICICI Direct Research

Since 1999, in election years, Nifty has gained median 21% post-election outcome lows, till end of the year and such moves occur with 4-6% intermediate corrections which would offer buying opportunity. Nifty continues on the path of CY30 target of 50,000, according to a report by ICICI Direct Research, and the Nifty CY24 target is projected at 25,200. With this outlook, the domestic brokerage firm emphasizes its bullish stance across sectors along with their top picks. These are listed below:

View: Gender diversity needs work

This year, 797 women candidates contested the general elections, constituting 9.6% of the total 8,337 candidates. Only 74 of them won a seat in the 18th Lok Sabha - four fewer than the number of women in the 17th Lok Sabha. This comes less than a year after the passage of the Women's Reservation Bill, which reserves one-third of seats in Lok Sabha and assemblies for women.

Tech View: Nifty likely to trade in a range

Nifty's trajectory remains uncertain, influenced by sector rotation and FIIs' activities. Investors should focus on specific stocks and sectors for trading opportunities to capitalize on market movements.

IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals

Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.

Tech heavyweights drive Sensex over 150 points higher, Nifty above 23,600

Indian benchmark equity indices opened higher led by information technology stocks after U.S. IT firm Accenture forecasted annual revenue growth above expectations.

Is it a case of ‘no bad news is good news’ for IT companies now? Rahul Jain answers

Rahul Jain of Dolat Capital says that the guidance for the current fiscal has been very weak in the case of the IT companies that give explicit numbers, be it Infosys or HCL Tech. And if they do not surprise positively during the earnings season, all the momentum can gradually fizzle out.

IT industry's competitive intensity to be at highest levels in FY25: HCLTech CEO C Vijayakumar

Despite a challenging economic environment, HCLTech has achieved remarkable annual growth and outpaced larger competitors. The third-largest software services firm, with annual revenues of $13.27 billion, reported growth that outpaced Tata Consultancy Services 4.1% and Infosys 1.4%. Smaller players such as Wipro and Tech Mahindra faced significant struggles.

Ample growth opportunities for all IT services companies from a longer-term perspective: Sumit Pokharna

​What we have scanned and found out is that they expect the demand to improve in calendar year 2024 but definitely it will be below normalised level. Secondly, their priority is to upgrade the tech stack.

10 IT stocks that paid dividends up to 60 times since 2011. Do you own any?

​A dividend is a share of profits and retained earnings that a company pays out to its shareholders. According to StockEdge data, 10 IT stocks are paying consistent dividends to their investors and have paid dividends up to 60 times since 2011. These stocks include TCS, HCL Technologies, Persistent Systems, Coforge, and KPIT Technologies.

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.

​Positive Breakout: Infy, HCL Tech among 5 stocks crossed above their 200 DMA

What should investors do with defence stocks? Mayuresh Joshi answers

​However, I think for markets with India perspective we are very-very light right now, we still like to see over the next couple of days of what transpires on the political front and therefore the initiatives that will be taken over the next few days and specifically in the budget in terms of allocations are going to be extremely critical.

Rising employee productivity to boost IT cos in hard times

Top tier IT exporters see rising employee productivity amidst challenges like revenue deceleration, shrinking margins, and lower headcount in FY24.

FIIs sell shares worth Rs 6,868 crore on Thursday; DIIs net buyers at Rs 3,718 crore

The recent FII trends have taken a stark turn from Monday's buying spree, where both FIIs and DIIs were net buyers, collectively purchasing shares worth Rs 8,765 crore. This buying activity was apparently fueled by exit polls predicting a resounding victory for the BJP-led NDA alliance. However, the subsequent FII trends have diverged significantly from this initial optimism.

Top IT companies focus on employee productivity amid demand uncertainties

Amid revenue deceleration, shrinking margins and lower headcount, a silver lining for the top tier IT exporters is the rising employee productivity aided by streamlining of human resources through meticulous bench management.

Nifty IT ready for a U-turn, says JM Financial, puts weight behind largecap

After remaining an underperformer in the current calendar year, Nifty IT (NSEIT) might be ready to take a U-turn, believes JM Financial, suggesting that it was time to start putting weight on the large cap stocks in this sector.

Sensex rises for 2nd session, settles 692 points higher, Nifty tops 22,800

Tech stocks led the rally with Narendra Modi set to return to power for a third straight term after two key allies pledged support to form a new government. Top Sensex gainers included Tech Mahindra, HCL Tech, SBI, NTPC, and Infosys which rose 3-4%. HUL, Asian Paints, M&M and Nestle India settled with cuts.

India’s five big IT firms see net exit of 25,000 women in FY24

The data analysis by staffing firm Xpheno revealed that five of India's top IT services companies - Infosys, TCS, Wipro, LTI Mindtree, and HCL Tech - have seen a collective net exit of 25,000 women in the year ending March. Despite an increase in the total number of women employed by these firms from 374,000 in March 2020 to 540,000 in March 2023, the diversity ratio has only seen a marginal growth of 0.9 percentage points during this period.

Slowdown hits Indian IT companies’ campus recruitments

The IT service business model, which relies on pyramid structure with its base constituting young and less expensive employees, has been shrinking. In FY24, both TCS and Infosys saw the share of young employees in their total headcount plunge to a five-year low and a decadal low, respectively.

​Top 10 stocks where MFs, PMS, ULIP, and AIF decreased exposure in April

We considered the top 10 stocks where MFs, PMS, ULIPs, and AIFs decreased their exposure in April. Here's the list, according to the data by Finalyca.

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.

If you have to go for IT at all, TCS a better bet: Hemang Jani

Hemang Jani remains cautious on the IT sector. He says "the only positive takeaway is that the market is already sensing that there would be a significant negative growth of about 1% to 1.8% in terms of quarterly revenue growth for Infosys. The next year guidance was anywhere from 3% to 5%, which is mediocre. So, it would be best to stay away from IT till we get more colour on growth."