UBS bullish on TCS, sees as market leader in revenue growth; raises rating and target price; Here’s why-
Tata Consultancy Services outperformed peers in revenue growth as it bagged large deals in the managed services space, said UBS Securities in its research report. The brokerage house said the company will “lead its peers in revenue growth by 100-150 basis points along with improvement in margins in FY25.”
The brokerage has given a “Buy” rating on the stock of TCS from “Neutral” earlier. It has also lifted the target price to Rs 4,700, an increase of 16% from the previous price target of Rs 4,050.
“We believe the market is not pricing this in, given a divided consensus and the stock remaining at the lower end of its long-term trading premium vs peers,” the report said.
Ola Electric shares jump over 16% after flat listing PFC gains…
Rate of rupee depreciation coming down- Goyal
Commerce and Industry Minister Piyush Goyal on Saturday said the rate of rupee depreciation has come down and expressed hope that after 8-10 years, it will start appreciating against US dollar, helping the Indian economy to grow at faster pace.
Unlike in the past, Goyal said, the Reserve Bank of India and the finance ministry are working together to push the growth of the country. The government has taken a series of measures to boost economic growth and now India has become the fifth largest economy of the world.
Rupee has stabilised now, otherwise it used to depreciate at a rate of…
Will Nifty trade above 22,000 mark to hit a fresh high- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Monday. Here is all you need to know before the market opens.
GIFT Nifty traded up by 69 points or 0.31% at 22,044 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 gained 247.35 points or 1.14% to settle at 21,894.55, while the BSE Sensex ended higher by 847.27 points or 1.18% to 72,568.45.
“Market ended a 2-week long consolidation phase on Friday and gained over a percent. Buoyancy in the IT heavyweights triggered a firm start, which further strengthened with buying in heavyweights across sectors. Consequently, the Nifty index settled around the day’s high at 21,89…
Stocks To Watch- Infosys, Wipro, HAL, Tata Motors, CCI
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a gap up opening on Wednesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded higher as the index was up 137 points or 0.62% at 22,084 indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 dipped 1,379.40 points or 5.93% to settle at 21,884.50, while the BSE Sensex tanked 4,389.73 points or 5.74% to close at 72,079.
Stocks to watch on June 05, 2024
Infosys
Infosys on Tuesday announced its collaboration with Nihon Chouzai (TSE), Japan’s dispensing pharmacy chain, in order to expand healthcare access in…
Stock Market Highlight- Markets end record high! Nifty above 24,000, Sensex crosses 79,200 for first time ever; Bank Nifty underperforms
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed the trading session on a record-high note on June 27. The BSE Sensex soared 573 points or 0.73% to finish the day’s trading at 79,247, while the NSE Nifty 50 closed 168 points or 0.70% higher at 24,037. Nifty Midcap 100 closed 241 points or 0.44% higher at 55,487. Bucking the trend, Bank Nifty closed in the red down 94 points or 0.18% at 52,776.50.
Awfis Space Solutions files IPO papers with Sebi
Flexible workspace solutions company Awfis Space Solutions Ltd has filed draft papers with capital markets regulator Sebi to garner funds through an Initial Public Offering (IPO).The proposed IPO comprises a fresh issue of up to Rs 160 crore and an Offer for Sale (OFS) of 1 crore equity shares, according to the Draft Red Herring Prospectus (DRHP) filed with Sebi on Friday.
Those selling shares in the OFS are promoter — Peak XV Partners Investments V (formerly known as SCI Investments) — and existing shareholders — Bisque Ltd and Link Investment Trust.Proceeds from the fresh issue would be used for funding capital expenditure towards setting up of new centres, to support working capital requirements, and for general corporate purposes.