Price targets, ratings of big IT companies cut on ‘downside risks’
Jefferies has downgraded several major Indian IT stocks, including Infosys and TCS, citing AI-related disruptions and greater downside risks. The brokerage shifted its preference to mid-sized IT firms, identifying Coforge, Sagility, and IKS as top picks with projected returns of 19-26%.
D-Street up on bank, auto boost amid caution ahead of F&O expiry
Indian equity benchmarks rose on Monday, with the Nifty and Sensex gaining 0.6% amid mixed investor sentiment. While optimism surrounded lower US tariffs, renewed negotiation uncertainty loomed. Foreign portfolio investors were net buyers, contributing to the market’s uptick, though the IT sector saw a decline.
Sebi chief Tuhin Kanta Pandey flags big PMS overhaul, to examine new RBI funding rules
Sebi chief Tuhin Kanta Pandey said the regulator plans a comprehensive overhaul of PMS rules to improve suitability, governance, and conduct, while also examining industry representations on the RBI’s new capital-market funding framework. He added that Sebi is also working on oversight for to-be-listed stocks.
Valuation discipline key as markets navigate tariff noise: Manishi Raychaudhuri
Global trade policy volatility is forcing investors to reassess strategies, with market strategist Manishi Raychaudhuri advising a focus on domestic growth. He highlights basic materials, industrials, and consumer discretionary sectors, while cautioning against exporters, consumer staples, and IT services due to valuation and margin concerns.
Exclusive | Can cheap valuations shield IT stocks from AI disruption? S Naren explains
Valuations in Indian IT stocks have become attractive amid AI disruption concerns, but S Naren of ICICI Prudential AMC stresses that low multiples alone are insufficient. Clarity on long-term growth and AI’s true impact is crucial for investor confidence and potential upside in the sector.
Positive Breakout: These 9 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap over Rs 10,000 crore, nine stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on February 20, according to stockedge.com’s technical scan data. The 200-day daily moving average (DMA) is used as a key indicator by traders for determining the overall trend in […]
Clean Max Enviro IPO: Check brokerages review, GMP, subscription and other details
CleanMax Enviro Energy’s Rs 3,100 crore IPO opens Monday, with a marginal grey market premium suggesting limited listing gains. The renewable energy provider, India’s largest in the commercial and industrial sector, aims to repay debt with IPO proceeds. Analysts offer mixed views, with some recommending long-term investment despite aggressive valuation.
Kiaasa Retail IPO: GMP among key details to know before subscription
Kiaasa Retail’s Rs 70 crore IPO opens Monday, with no immediate listing gains expected. The company, a women’s ethnic and fusion wear brand, plans to use IPO proceeds for opening new stores. Kiaasa reported increased income and profit in FY25, operating 113 outlets across India.
Can Clean Max IPO deliver long-term growth for high risk investors?
Clean Max Enviro Energy Solutions, India’s top renewable energy provider for businesses, is set to raise funds through an IPO. The company aims to repay debt and expand its operations. It serves commercial and industrial clients with solar and wind power. Financials show revenue growth and a recent return to profitability.
Global Market Today: Asian shares hesitant, dollar slips amid tariff confusion
Asian markets and the dollar showed hesitation as investors awaited clarity on U.S. tariffs, following President Trump’s shifting announcements. Tech stocks face scrutiny with Nvidia’s earnings this week, while oil prices eased ahead of U.S.-Iran talks amid lingering strike risks.