WISE TECH
3 top stock recommendations from CA Rudramurthy BV
Let us see how even budget comes out and then take aggressive position. So, for sure, this is not the time to take aggressive position, not to be in high beta and one has to have reduced leverage and risk management will hold the key if you are a very short-term trader.
Facing an unprecedented slowdown, IT companies are undergoing a shift. Here’s what’s changing
IT companies like TCS, HCLTech, Wipro and Tech Mahindra are reorganising their businesses to wade through disruptions and prepare for Gen AI. TCS, under new leadership, merged AI and cloud operations into a unified AI.Cloud unit, responding to growing demand in cloud migration and transformation services.
2 top stock recommendations from CA Rudramurthy BV
So, you have to be in the right sector and yes, there are lot of good stocks in these sectors which I can give as input and I am very clear this market is a buy on every dip, no shorting whatsoever but however I will also tell you managing leverage, managing your quantity and being in the right stock and sectors is very-very important because the trigger should not wash you out of the market. Being in the game is very important to win the game.
Tech View: Sideways Nifty getting primed for sharp move. Here’s how to trade on Friday
Nifty formed a small negative candle with a minor lower shadow. The short-term trend of Nifty continues to be a range bound with positive bias. Nifty has been consolidating in the broad range of 23,200-23,500. A decisive close beyond the boundaries can lead to a trending move.
Cement, infra are key sectors to look at because of prospect of policy continuity: Pankaj Pandey
Pankaj Pandey discusses the impact of the incumbent government's majority on the market, focusing on earnings, Budget expectations, and sector performance post-elections. Pandey further says once this monsoon gets over the focus will shift towards the overall infra spend side. Cement has not seen much of a price performance and key players like ACC, Ambuja, UltraTech or JK Cement are going to experience a slightly better growth rate than the industry.
Senior-level IT services hiring in 2024 focuses on new-age skills
IT services and global market conditions impact senior-level hiring with pay hikes expected. Roles in finance, consulting, and program management are in demand. Companies hiring for roles like chief AI officer, delivery head-AI, and CFOs. Skills in cloud computing, machine learning, and data engineering are sought after. Gartner forecasts $5 trillion IT spending in 2024, with India's IT spending growing.
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Still lot of good stock opportunities available in this market: CA Rudramurthy
No doubt PFC, REC has moved very much from those 100, 120 levels to now closer to that 450, 500 plus zone but still any dip in these stocks for me still provides a good opportunity and it is for me still a buy on every dip when it comes to PFC and REC.
SP Jain Institute launches Wise Innovation Studio for Emerging Technologies
SPJIMR's WISE Tech fosters societal advancement through wise innovation with initiatives like accelerators, Entrepreneurship Fellowship, and Wise Innovation Conclave. Manoj Mohan leads the executive team, supported by R. Ramanan and Haresh Chawla from True North.
Stock Radar: This IT major has taken support above 200-EMA; time to buy the dip?
Wipro shares witnessed a price-wise and time-wise correction in the past three months. The stock fell by over 7% in the same period. In terms of price action, the stock is trading well below most of the crucial short- and long-term moving averages such as 5, 10, 30, 50, 100, and 200-EMA on the daily charts.
Positive global cues, auto stocks drive Sensex 300 points higher; Nifty above 22,700
Indian equities, led by Reliance Industries, showed gains. Various sectors surged, with expectations of steady Fed rates in May 2024. Trent rises over 6% post solid Q4 results.
UltraTech Cement Q4 Results: Profit rises 36% YoY to Rs 2,258 crore, beats estimates
UltraTech Cement Q4 Results: UltraTech Cement's Q4 net profit surged 36% YoY to Rs 2,258 crore. Domestic sales reached 33.22 million tons of grey cement, with a total capacity of 140.8 MTPA and a 25.7% green power mix.
View: Being stealthily wealthy and wise is the style statement of the new rich
New wealth doesn't necessarily mean starting from scratch - although that helps one's street cred. They can be young members of old money using good money to seriously upgrade, or even supplant, the old family banyan tree. They understand the value of scaling up, making the right investments, getting out of the wrong ones. Essentially, they're far better at making money work than their older peers.
Women in tech workforce in GCCs to rise to 35% by 2027 from 25% now: Report
The rise of women in tech to 35% by 2027 in global capability centers, highlighting in-demand roles and challenges faced. Efforts are needed to bridge the gender gap and provide equal opportunities for women in tech.
Tech View: Nifty 50 in consolidation mode; what’s the trade set-up for next week?
The index remained sideways throughout the session, reflecting a pause in the market trend, following the formation of a hanging man pattern. The sentiment may continue to remain sideways due to the lack of a directional breakout or pattern formation.
Technical Stock Pick: Should you buy this FY24 multibagger pharma stock after recent dip?
Aurobindo Pharma's stock, after a 100% rally in FY24, faced resistance but is now showing signs of bottoming out. Experts suggest a possible rise above Rs 1,300 for short-term traders.
Fresh Peaks! Sensex surges 500 pts led by gains in HDFC Bank, Nifty scales Mt 22,600
Indian indices reach record highs ahead of RBI's decision. HDFC Bank reports strong growth. Power Grid, Axis Bank, Kotak Bank, Avenue Supermarts, KEC International show positive movement.
AI company Luminance raises $40 million as contracts tech investment booms
National Grid Partners and the London-based law firm Slaughter and May were also among the investors in the Series B round of funding for Cambridge, England-based Luminance.
Is it wise to create a zero-debt portfolio in today's time?
Chirag Muni from Anand Rathi Wealth Ltd advises on debt and equity allocation based on investment horizon, highlighting the importance of debt in stabilizing portfolios and managing market volatility for optimal returns. Muni says: "If you have a 6-year plus horizon, then there is a case to have 100% equity."
HDFC Bank, RIL drag Sensex 200 pts lower; Nifty below 22,100
The BSE Sensex was trading 240 points or 0.33% lower at 72,603. Nifty50 was trading at 22,045, down 51 points or 0.23% at around 9.18 am.
Sensex rises 200 points ahead of US Fed rate decision, Nifty above 21,850
Among the Sensex stocks, Maruti, HCL Tech, Wipro and Power Grid were the top gainers, rising over 1% each in early trade. On the flip side, HUL, Bajaj Finserv, ICICI Bank, and HDFC Bank opened with cuts.
Pune Lok Sabha 2024: Date, schedule, result, party-wise candidates and other key details
Voting in Pune city, Maval and Shirur Lok Sabha seats that constitute Pune district will be held in the fourth phase on May 13. Overall, the Lok Sabha polls will be held in seven phases. The seventh phase of voting for the 18th Lok Sabha will happen on June 1st, with results expected to be announced on June 4th.
Sensex, Nifty extend gains to 4th day, scale fresh record highs powered by energy stocks
From the Sensex pack, NTPC, Power Grid Corporation, Reliance Industries, and Bajaj Finserc were the top gainers, rising 1-4%. Axis Bank, Tech Mahindra, and ICICI Bank also closed in the green, while JSW Steel, M&M, Tata Steel, and UltraTech Cement closed with cuts.
Connecting Dots: Understanding AI through tech history
Technological breakthroughs can take people by surprise because they haven’t seen anything like that before. We stand at the brink of a new technological era—the AI revolution. According to various assessments, its influence is poised to extend significantly beyond the economy, shaping personal lives and society at large. Throughout history, numerous technological advancements have emerged. Among them, the impact of multipurpose technologies has been particularly profound, given their widespread application across various domains.
Former TCS CMO Rajashree R joins Tech Mahindra
Tech Mahindra on Monday announced the appointment of former Tata Consultancy Services (TCS) CMO Rajashree R as its chief growth officer for strategic verticals in the Americas. The announcement was made through a social media post.
UltraTech Cement Q3 Results: Net profit surges 68% YoY to Rs 1,777 crore, meets estimates
Revenue from operations during the third quarter rose 8% year-on-year (YoY) to Rs 16,740 crore against Rs 15,521 crore in the corresponding quarter of last year.
HCL Tech to continue hiring for Q4; to have a good margin story for full year
HCL Tech's CFO, Prateek Aggarwal, and Chief People Officer, Ramachandran Sundararajan, discuss the company's performance and outlook. Aggarwal highlights the strong margin story for the full year and the seasonality in the software business. The company recorded a 32% growth in the P&P business, driven by both organic and inorganic factors. Sundararajan mentions the positive net headcount growth and ongoing hiring trends.
HCL Tech shares surge over 3% ahead of Q3 results this week. What brokerages expect
We expect HCL's Q3FY24 revenue to grow in the mid-single digits QoQ driven by the Verizon deal ramp-up, the additional contribution from the ASAP Group acquisition for two months, and the seasonality benefits in the Products and Platform (P&P) business.
Tech Mahindra appoints Richard Lobo as its chief people officer
Lobo served as an “exclusive” advisor to troubled edtech Byju’s and was with Infosys for 23 years before that.
WiseX partners with Integrow Asset to launch India's first realty PMS
The portfolio will be managed by Integrow Asset Management and powered by WiseX’s proprietary technology. The fund aims to enable investors in generating alpha and risk adjusted returns by investing in the real estate sector in a focused Multicap portfolio
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