IT Stocks News
Cyient shares tumble 23%, hit 19-month low amid weak Q3 results; analysts lower target price
Cyient’s stock plummeted 23% to ₹1,351 following a weak Q3FY25 report and CEO resignation. Brokerages downgraded their ratings and targets, citing reduced growth outlook and challenges in key segments, leading to significant earnings estimate cuts for FY25E.
3 min read24 Jan 2025Stock market today: Nifty 50, Sensex extend gains to 2nd day, led by IT and cement stocks; broader market rebounds
The Nifty 50 and BSE Sensex closed higher, supported by IT and cement sectors, while broader markets recovered from recent selling pressure. Shares of Ultratech Cement soared nearly 7%.
2 min read23 Jan 2025Wipro, TCS to Infosys: Why are Indian IT stocks rising despite volatile Indian stock market? EXPLAINED
On January 22, Indian IT companies saw a rise in shares despite market volatility, with Wipro, Tata Consultancy Services, and Infosys gaining 1.5% to 2% in early NSE trade, leading the Nifty IT pack.
1 min read22 Jan 2025Wipro fights its way back into the game
Going by Q3 beat, the scenario seems to be turning around for Wipro, even so, it has a lot of ground to cover amid some downside risks.
3 min read20 Jan 2025TCS vs Wipro vs Infosys vs HCL Tech: Which stock to buy after Q3 results 2025?
Infosys’s Q3 results were weaker than expected, while TCS and Wipro performed well. HCL Tech’s growth guidance was disappointing. Analysts remain optimistic about the Indian IT sector following mixed Q3 results.
4 min read19 Jan 2025Wipro Q3 attrition rate rises to 15.3%; headcount down by 1,157 to 2,32,732 employees
Wipro announced its third-quarter results on January 17. The IT major’s attrition rate rose to 15.3 per cent and the headcount dropped to 2.32 lakh employees. The firm’s shares closed lower ahead of the earnings announcement.
2 min read17 Jan 2025Infosys Q3 Results: Net profit rises 11.4% YoY to ₹6,806 crore; revenue up 7.6%
Infosys reported Q3FY25 earnings with a profit of ₹6,806 crore, an 11.4% increase year-on-year. Revenue rose 7.6% to ₹41,764 crore. The stock closed down 1.21% at ₹1,926.20 on January 16, 2025.
1 min read16 Jan 2025IT: Forget Q3 results, focus on commentary
The Street is more concerned about the outlook for discretionary IT demand, budget indicators for 2025, and prospects of short-duration deals.
3 min read6 Jan 2025Nifty IT outperforms Nifty 50 in 2024; can this trend continue? Experts pick TCS, Infosys among top IT stocks to buy
The Nifty IT index outperforms the Nifty 50. Experts highlight TCS, Infosys, and HCL Tech as the top picks for 2025 amidst a positive market outlook shaped by US Fed interest rate cuts and digital transformation trends.
4 min read25 Dec 2024Stock market today: Nifty 50, Sensex fail to hold gains, close flat in choppy trade; metal stocks hit hard
The Nifty 50 closed down by 0.08%, settling at 23,734, while the Sensex ended with a minor 0.09% drop at 78,467. Nifty Metal emerged as the top laggard, dropping 0.83%. In contrast, Nifty Auto stocks managed to close in the green with a gain of 0.57%.
3 min read24 Dec 2024Popular Topics
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