WTO panel rules against India in IT tariffs dispute with EU, Japan and Taiwan
The WTO had set up dispute settlement panels to decide on New Delhi’s move to levy 10% customs duty on mobile phones and some other ICT products for the first time in July 2017 which it increased to 15% that year. The duties were further increased to 20% despite opposition from a number of WTO […]
Decoding Blinkit delivery executive strike: Should Zomato investors worry?
Blinkit delivery executives servicing ~50% of the dark stores in the NCR area are on strike since April 12
Tech View: Nifty charts indicate more pain ahead. What should traders do on Tuesday
Nifty has to hold above 17,717 zones to extend the move towards 17,850 and 18,000 zones, while on the downside, supports are placed at 17,620 and 17,500 marks, said Chandan Taparia of Motilal Oswal.Options data suggests a shift in the trading range between 17,400 to 18,000 zones, while a shift in the immediate trading range […]
Momentum Pick: PVR’s current underperformance not full movie; wait for up to 40% potential upside
PVR stock has been under pressure for quite some time and is now trading near a crucial support level, brokerage firm Anand Rathi said in a note. On a daily chart, there is a solid base formation along with bullish regular divergence which is looking lucrative, the note said, recommending investors to go long in […]
Infosys shares tank 15%, hit 52-week low on weak Q4 earnings. Should you buy or sell?
Despite calling Infosys’ January-March 2023 quarter results “shocking”, Jefferies maintained a ‘Buy’ on the second-largest IT services company for a price target of Rs 1,770 based on 24X 12m forward EPS. Key risks include weaker revenue growth, lower margin, unfavourable currency, and corporate action, the brokerage said.
3 sectors Foram Chheda is bullish on for near term
As of right now, I would suggest to avoid and wait for the stock prices to stabilise because currently most of the IT stocks have been taking a hit. So rather the stock price is required to consolidate and show some kind of a sideward move before getting into it.
IT stocks shed up to 12%. Are Infosys Q4 results solely to blame?
Jefferies said FY24 guidance suggests a weak demand outlook and therefore cut its FY24-25 estimates by 3-6%. It sees potential stock fall on weak Q4 results as an attractive buying opportunity. Key risks include weaker revenue growth, lower margin, unfavourable currency and corporate action, the brokerage said.
HDFC Bank shares fall despite strong Q4 results; should you buy the stock?
The HDFC Bank share prices followed the overall weakness in the stock markets triggered by the rout in Infosys, which fell nearly 12% at 10 am. The 50-stock Nifty50 was trading at 17,613.95, down by 214.05 points or 1.2%.
IndusInd Bank among 6 stocks that jumped above their 200 DMAs
In the Nifty200 pack, six stocks closed above their 200 DMAs (Daily Moving Averages) on April 13, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on […]
Fall in IT stocks a knee jerk reaction, not a disaster which will last forever: Devina Mehra
Tech is not a mature business in that sense that you will not see growth, again we are talking at a trough of a cycle in terms of the economies which they cater to. So, I do not think that is the thing that demand is going to dry up for IT.