Telecom Q2 Preview: Cos to shrug off seasonality factor on higher Arpu, subscriber growth
Higher number of days in the last quarter, lower spectrum usage charges, tariff hikes, and lower fuel costs are seen lifting sector majors Bharti Airtel and Reliance Jio Infocomm’s earnings in Q2, according to analysts
Tech View: Nifty forms positive candle on weekly chart. What investors should do on Monday
Nifty is currently placed near the strong weekly support of around 16,800 levels, which is an intermediate ascending trend line and also horizontal line support as per change in polarity, analysts said.
India emerged much stronger after COVID-19: EAC-PM member Sanjeev Sanyal
Addressing an event organised by the industry body Confederation of Indian Industry, Sanyal said India is the fastest-growing major economy and its economic growth rate will be twice of China’s economic growth. He also pointed out that India is the 5th largest economy in the world, and the country is finally at the big table. […]
Exports up 4.82% to $35.45 billion in September; trade deficit widens to $25.71 billion
Imports during the month too grew 8.66 per cent to USD 61.61 billion. The trade deficit in September 2021 stood at USD 22.47 billion.
Monetary Policy Committee calls for caution on future rate hikes
The Reserve Bank raised the benchmark policy repo rate, the rate at which it lends to banks by 50 basis points ( one basis point is 0.01 percent) to 5.4 percent in its September 30 policy statement as consumer inflation has been consistently above the upper band of the mandated target of 2-6 per cent […]
Limited upside potential in Mindtree after Q2 results, says Motilal Oswal
Brokerage maintained ‘neutral’ rating on Mindtree due to its fair valuations , softness in retail and constraints on management bandwidth because of its impending merger with L&T Infotech
RITES hits new 52-week high on bagging multi-billion order
The engineering, design and construction company has secured a new business order from Bangalore Metro Rail Corporation for constructing a depot-cum-workshop for Rs 499.41 crore
Can Infosys buyback offer trigger rally in the stock? History may have a clue
The first buyback of Infosys was announced on 16 Aug 2017. The stock gave negative returns of 8.40% a week after the buyback was announced. In 2019, the stock was higher by 8.4% a week after the announcement while 2021 left it with a loss of 3.3% after a week.
IT stocks lead D-Street rally; Infy, Persistent Systems among top gainers
Shares of information technology companies, Infosys, Persistent Systems, L&T Infotech, Coforge and HCL Tech rose as much as 5% in Friday’s trade. Infosys was among the top gainers as the stock rallied 5.23% to Rs 1,494.
This chemical stock can give up to 47% returns, says Nuvama
Nuvama estimated that Anupam Rasayan would clock a 30% revenue CAGR over FY22–25, driven by a strong product pipeline and higher utilisation of existing assets