Stock market holiday: According to information on the BSE website, Indian equity benchmarks will be closed on Monday in observance of the “General Elections (Lok Sabha)“. The stock, equity derivative, and SLB (Security Lending and Borrowing) segments are all included in this closure. Additionally, currency derivatives, commodity derivatives, and electronic gold receipts segments will also…
TCS stock price: Following the announcement of Q4 results 2024 on Friday, the spotlight will be on Tata Consultancy Services (TCS) shares come Monday. Surpassing market estimates, the Indian IT giant disclosed a consolidated net profit of ₹12,434 crore for Q4FY24, marking a 9 percent increase from the previous year’s net profit of ₹11,392 crore…
TCS CEO: Tata Consultancy Services’ Chief Operating Officer (COO) and Executive Director, N Ganapathy Subramaniam, will retire next month, the company stated on April 12. The largest software services exporter in India stated that it has no intentions to designate a replacement for Subramanian and will instead redistribute the responsibilities. “At a press conference following…
Accenture: The American Depository Receipts (ADRs) of Indian tech majors Infosys and Wipro took a hit on Wall Street following Accenture’s decision to revise its revenue growth guidance for the current fiscal year, FY24. This adjustment by the global IT behemoth was prompted by an uncertain economic landscape, resulting in decreased demand and diminished expenditure…
Wipro, HCL Tech, TCS, Infosys, and TechM shares: Based on projections of significant deal-driven growth acceleration, the consensus 12-month forward profit growth forecast for the two IT companies stands at 11% at the moment. Over the previous 12 months, the average expectations for the earnings per share (EPS) of the top five IT companies—Tata Consultancy…
Nifty & Sensex: In addition to stock-specific movements, the market is likely to trade inside the present range, according to Siddhartha Khemka of Motilal Oswal Financial Services. The benchmark indices climbed on January 12 morning to inch closer to all-time highs, aided by buying in information technology equities following encouraging reports from bigwigs TCS and…
