Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/it-stocks-to-stay-under-pressure-in-the-near-term-morgan-stanley/articleshow/92912122.cms Synopsis The IT index on the BSE ended down 0.2% at 27,122.90 after hitting a 52-week low during the session. These shares have
Category: Company Specific News
*Does TCS have more room to fall? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/technical-analysis/tech-query-does-tcs-have-more-room-to-fall/article65646957.ece We zoom in on its prospects, as also that of two other stocks: Indian Oil Corporation and Venky’s (India) I have bought shares
*****YES Bank, JC Flowers in pact for ARC in bid to seal largest ever NPA deal | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/yes-bank-says-jc-flowers-arc-base-bidder-for-bad-loans-up-to-rs-48k-crores-122071500331_1.html This is being termed the single-largest bad loan deal The bank plans to conduct the bidding process on a Swiss challenge basis for
*We are looking at being distinctive as a bank: Axis Bank MD & CEO | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/we-are-looking-at-being-distinctive-as-a-bank-axis-bank-md-ceo-122071500949_1.html In a Q&A, Axis Bank MD & CEO Amitabh Choudhry says bank’s core leadership is focused on 19 transformative initiatives, at both business
*Demand recovery a rosy picture for paint companies in Apr-Jun quarter | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/demand-recovery-a-rosy-picture-for-paint-companies-in-apr-jun-quarter-122071501046_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Listed paint companies could report over 30 per cent revenue growth year-on-year (YoY), aided by double-digit volume growth in decorative paints and cumulative
*RIL, ONGC gain amid report govt may lower windfall tax on fuel on Friday | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/ril-ongc-gain-amid-report-govt-may-lower-windfall-tax-on-fuel-on-friday-122071400778_1.html On the bourses, shares of RIL jumped 2.4 per cent in the intra-day trade, while those of ONGC rose 6.4 per cent. Shares
Overseas investors continue to cut shareholding in both HDFC, HDFC Bank | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/overseas-investors-continue-to-cut-shareholding-in-both-hdfc-hdfc-bank-122071401489_1.html FPIs’ stake down over 400 bps in both, move paves way for global index inclusion of merged unit Illustration: Binay Sinha Foreign portfolio
*ACC net profit down 60% in Q2 on lower realisation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/acc-net-profit-down-60-in-q2-on-lower-realisation/article65639886.ece While the sales volume increased 11% to 7.56 mt, EBITDA plunged to ₹426 crore ACC has reported a 60 per cent dip in
*Windfall Tax: RIL shares down 8% so far this month. Are concerns over windfall tax overdone?
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/ril-shares-down-8-so-far-this-month-are-concerns-over-windfall-tax-overdone/articleshow/92873340.cms Synopsis Analysts at HDFC Securities said the recent correction in Reliance shares is overdone. The domestic brokerage has an ‘add’ rating on RIL
*It Stocks today: IT stocks slide after TCS Q1 miss; some feel any further fall could trigger buying – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/it-stocks-slide-after-tcs-q1-miss-some-feel-any-further-fall-could-trigger-buying/articleshow/92814660.cms Synopsis The weaker-than-expected TCS earnings added to existing concerns over a potential US recession that is feared to hurt deal pipeline for IT
*TCS Share Price Today, July 11, 2022: TCS shares fall 4.7% post Q1 Earnings
Clipped from: https://indianexpress.com/article/business/market/tcs-share-price-today-july-11-q1-june-quarter-profit-earnings-results-dividend-8021650/ Tata Consultancy Services (TCS) Share Price, 11 July 2022: The TCS stock fell 4.70 per cent to end at Rs 3,112.00 apiece on
*TCS Q1 results: Premium valuation will come under pressure – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/news-analysis/tcs-q1-results-premium-valuation-will-come-under-pressure/article65626001.ece Investors must wait for more correction before considering investing in the stock While TCS’ revenue growth in the last two years was underperforming
*TCS Q1 review: Brokerages caution against early signs of demand slowdown | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/tcs-q1-review-brokerages-caution-against-early-signs-of-demand-slowdown-122071100255_1.html The company has indicated that the near-term demand outlook remains strong, but senior-level client executives have started discussing a potential recession, said Nomura.
*No signs of slowdown in attrition at TCS; firm says it has enough hands | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/no-signs-of-slowdown-in-attrition-at-tcs-firm-says-it-has-enough-hands-122070801272_1.html TCS which had shared in Q4 of FY22 the hiring target of 40,000 for FY23, said the target remains Photo: Shutterstock Attrition at India’s
Mistakes make a Meesho: What founder Vidit Aatrey learned from failed ideas | Business Standard News
Clipped from: https://www.business-standard.com/article/specials/mistakes-make-a-meesho-what-founder-vidit-aatrey-learned-from-failed-ideas-122070700691_1.html Meesho discovered its successful business model the hard way Although Vidit Aatrey (right) and Sanjeev Barnwal started in 2015, it was a while
*ICICI Securities falls 1% as CLSA downgrades rating, earnings view | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/icici-securities-falls-1-as-clsa-downgrades-rating-earnings-view-122070601088_1.html Shares of the largest listed brokerage have nearly halved this year Sharp spikes in market volatility and changing regulatory landscape have led to
*Grasim Paints: Grasim’s paints-industry dream is alright. But what about companies already painting the town red? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/money-and-markets/grasims-paints-industry-dream-is-alright-but-what-about-companies-already-painting-the-town-red/primearticleshow/92528005.cms SynopsisGrasim’s entry into the paints business with a truckload of cash is likely to impact the industry’s dynamics. Experts, however, are of the
*****Windfall tax: $12 margin hit for Reliance; Govt rakes in ₹1.3 lakh crore – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/windfall-tax-12-margin-hit-for-reliance-govt-rakes-in-13-lakh-crore/article65599205.ece The windfall tax on crude production could generate revenue of ₹65,600 crore and tax on export products another ₹52,700 crore if they were
*Brokerages remain bullish on Reliance Industries despite windfall tax | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/brokerages-retain-bullish-call-on-reliance-industries-despite-windfall-tax-122070401218_1.html Reliance Industries shares gained as much as Rs 32.9, or 1.4 per cent intraday, on the BSE on Monday, before finally closing trade
Asian Paints stock hits 52-week low. 2 things bothering investors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/asian-paints-stock-hits-52-week-low-2-things-bothering-investors/articleshow/92200502.cms Synopsis On each of these occasions, Asian Paints and Berger Paints have held onto their gross margins and their operating margins because of