Tag Archives: IT stocks

Coforge advances 10% on healthy March quarter performance

By | May 6, 2021

Shares of Coforge moved higher by 10 per cent to Rs 3,181.65 on the BSE in intra-day trade on Thursday after the company reported a robust financial and operating performance during the March quarter of the financial year 2020-21 (Q4FY21). The IT firm reported continued growth-led momentum, with consolidated revenue growing 7.1 per cent… Read More »

Analysts bet on defensive sectors amid rising inflation concerns

By | March 15, 2021

Rising bond yields have created a flutter in global markets with investors tweaking their investment strategy and seeking safe-haven plays. The story back home has not been any different with the S&P BSE Sensex slipping around 3 per cent each from their respective 52-week high levels. Besides cues from the global markets, the Indian… Read More »

IT shares gain up to 6%; Nifty IT, Infosys scale fresh record highs

By | December 22, 2020

Shares of information technology (IT) companies were in focus on Tuesday with Nifty IT index and Infosys hitting their respective record highs on the National Stock Exchange (NSE) on the expectation of strong earnings growth in the October-December quarter (Q3FY21). At 02:37 pm, Nifty IT index was up 2.7 per cent as against a… Read More »

IT shares gain on Accenture’s strong performance; Infosys, TCS hit new high

By | December 18, 2020

Shares of information technology (IT) companies rallied at the bourses on Friday with sector giants Tata Consultancy Services (TCS) and Infosys hitting their respective record highs, after Accenture reported better-than-expected results for the quarter ending November 30. For all of fiscal 2021, Accenture now sees revenue growth of between 4 per cent and 6 per cent, up from… Read More »

Brokerages remain bullish on Asian equities despite US poll cliffhanger

By | November 5, 2020

Most brokerages remain bullish on Asian equities from a medium-to-long term perspective despite the US poll cliffhanger that may see Joe Biden occupy the White House amid protest and court cases by the Republican Donald Trump. As things stand, Joe Biden is projected to emerge on top with wins in key states of Michigan… Read More »