Breaking news: Infosys has slashed its FY24 growth guidance by more than half as clients defer decisions and starting dates. This is a major shift in the IT sector, with potential implications for many businesses.
India’s technology services sector has officially hit the slow lane with Infosys cutting its revenue guidance for the financial year by more than half. The company said on Thursday that it expects to grow its revenues between 1%-3.5% in FY24 against 4-7%. The company retain margins between 20%-22% through FY24.Explaining the rationale behind the guidance cut, Salil Parekh, […]
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Don’t miss out on the stock market buzz! Get the inside scoop on how to trade YES Bank, ICICI Bank and Kotak Bank stocks!
As the stock market continues to make gains, investors are keeping an eye on select stocks to watch for their results. Among these are banking stocks ICICI Bank, YES Bank, and Kotak Mahindra Bank which will be releasing their results on Saturday. In this blog post, we will be looking at the analysis of Riches [...] Read More
Olectra Greentech shares in focus today on contract to build EV facility in Telangana
Gains For Olectra Greentech Ltd. as Megha Engineering & Infrastructures Ltd. Scores Big Contract Olectra Greentech Ltd. (OTL) shares have been in focus on the bourses today, following the announcement of a new contract for the construction of a greenfield electric vehicle manufacturing facility in Telangana. The contract has been awarded to Megha Engineering & […]
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Reliance Infrastructure shares jump 11% today; here’s what tech charts indicate
Reliance Infrastructure Stock Jumps 10.75% on Heavy Volume Shares of Reliance Infrastructure Ltd rose sharply in Wednesday’s trade amid heavy volumes. The stock jumped 10.75 per cent to hit a day high of Rs 157.15 over its previous close of Rs 141.90. Around 34.20 lakh shares changed hands today on BSE, which was way more […]
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Hindustan Zinc share sale postponed, suggests report
The Hindustan Zinc Share Price: Current State and Government Plans The Indian government, which holds a 29% stake in Hindustan Zinc, is waiting for the share price to recover before attempting to offload the stake in tranches. Currently trading at around Rs321.30, the stock has seen a 7% rise in the last one year, when […]
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Can Infosys’ Q1 Results Justify Its Recent Rebound in the Stock Market?
Infosys Q1 Results: Analysts Not Hopeful Despite Rally in Share Prices OverviewInfosys, the second-largest IT firm in India, will declare its June quarter results on Thursday. This comes in the backdrop of a strong rally in its shares, making it the best performing stock on the National Stock Exchange. However, despite the added momentum in […]
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Trading stocks can be a risky endeavor, so it’s important to do your research and understand the companies you’re investing in. Here is a quick rundown of three of the most popular stocks on the market right now Infosys, Granules, and JSW Steel and how you should approach trading them.
Infosys Infosys ended higher for the second consecutive day on Wednesday on the back of upbeat Q1 fiscal 2021 earnings. The stock closed up close to 4% and saw unwinding of longs from higher levels. The stock is likely to take support around Rs 784-790 levels while a decisive breakout from the range of Rs […]
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Shree Cement, Federal Bank, Infosys, Havells and more Companies in Spotlight Today
Indian benchmark indices closed at record highs on Wednesday as investors bet on the possibility of strong economic growth. BSE Sensex jumped by 302.30 points, or 0.45 percent, to 67,097.44 for the day. This was the highest closing level ever recorded for the index. The NSE’s Nifty50, meanwhile, gained 83.90 points, or 0.42 per cent, […]
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Jio Financial Services shares Q1 results: Profit at Rs 332 crore, total income Rs 414 crore
Reliance Strategic Investments Limited Reports June Quarter Results Net Profit After Tax Stands at Rs 331.92 Crore Reliance Strategic Investments Limited (formerly known as Jio Financial Services or JFS) has reported its June quarter results. The demerged entity of Reliance Industries reported a total income of Rs 414.13 crore with a consolidated net profit after […]
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