IT sector

Axis Securities lists KPIT Tech and Persistent Systems as top Tier-2 IT sector picks post Q1 earnings

by
Axis Securities lists KPIT Tech and Persistent Systems as top Tier-2 IT sector picks post Q1 earnings

The Indian IT services sector has demonstrated improved performance in the June quarter (Q1FY25), signaling a revision in demand and stabilization of uncertainties in key global economies. While there is a faster recovery in AI use cases, ER&D, and other emerging technologies, discretionary spending remains cautious due to ongoing macroeconomic concerns, said brokerage house Axis … Read more

Budget 2024: DSP’s Anil Ghelani says banking and IT sectors may get boost from FM Sithraman’s announcements. Here is why

by
Budget 2024: DSP’s Anil Ghelani says banking and IT sectors may get boost from FM Sithraman’s announcements. Here is why

Union Budget 2024: Finance Minister Nirmala Sitharaman will present the Union Budget 2024 in Parliament on July 23. The full-year Budget will follow an Interim Budget presented in February due to general elections. Anil Ghelani, Head of Passive Investments and Products at DSP Mutual Fund, believes that the government will focus on executing projects rather … Read more

How large-cap stocks can offer a buffer against heightened volatility?

by
How large-cap stocks can offer a buffer against heightened volatility?

Over the past month, the Indian market has been dilly-dallying around the ground of the all-time range. Nifty50 is trading within a broad range of 1000 points, between 21,800 to 22,800. Although the market lacks a clear direction, it shows a positive trend as there has been no loss in investor value. The country’s total … Read more

Infosys shares have highest weight in Nifty IT index; TCS positioned second

by
Infosys shares have highest weight in Nifty IT index; TCS positioned second

IT stocks are in focus as the top Indian software companies, Tata Consultancy Services (TCS), Infosys, Wipro and Persistent Systems, have announced their Q4 results. The Nifty IT index, the benchmark that gauges the performance of IT stocks, has failed to give any return in the year 2024 so far. The Nifty IT index has … Read more

Expert view: Expect a superior earning growth trajectory in FY25; see IT as contra play, says Manoj Bahety of Carnelian

by
Expert view: Expect a superior earning growth trajectory in FY25; see IT as contra play, says Manoj Bahety of Carnelian

After a stellar FY24, what should be our expectations from the market for FY25? Are you positive about the market or do you expect a significant correction? While a large part of valuation rerating is done in FY24, we expect a superior earning growth trajectory driving market growth during FY25 and beyond.  We foresee a … Read more