11 small-cap stocks rise more than 10% during the week despite weak market sentiment

11 small-cap stocks rise more than 10% during the week despite weak market sentiment

Indian equities registered losses for the third consecutive week, but there were several outliers in the mid-cap and small-cap space which indicates that the bulls are still holding the rope tight. About 11 stocks in the small-cap space have registered 10% and more gains in the week ended Friday, and prominent names among these are … Read more

BNP Paribas fears lofty valuation of India’s equity markets

BNP Paribas fears lofty valuation of India’s equity markets

BNP Paribas, one of France’s largest banks and global equity research house, says that India’s premium valuation to the global peers and other Asian markets is unsustainable. Even as markets in the US, Europe and other Asian countries are down between 7 per cent and 23 per cent year to date, India’s Sensex and Nifty … Read more

Accenture’s guidance may foretell upcoming trouble for the Indian IT sector

Accenture’s guidance may foretell upcoming trouble for the Indian IT sector

US tech major Accenture has given a below-market-estimate revenue guidance of 8–11 per cent due to reduced IT spending and rising inflation. This is a probable indication that the Indian IT firms may face headwinds and see the revenue growth momentum slowing down. Accenture expects revenue growth of 8 to 11 per cent in local … Read more

Mcap of six of top-10 most valued firms tumble ₹2-lakh cr; TCS, Infosys biggest laggards

Mcap of six of top-10 most valued firms tumble ₹2-lakh cr;  TCS, Infosys biggest laggards

Six of the top-10 most valued firms suffered a combined erosion of ₹2,00,280.75 crore from market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid weak trend in equities. Last week, the Sensex fell 952.35 points or 1.59 per cent. While Reliance Industries, TCS, HDFC Bank, Hindustan … Read more

Shriram City Union Finance committee meeting to consider fundraising

Shriram City Union Finance committee meeting to consider fundraising

KEC International secures new orders of Rs 1,108 crore across its various businesses; JSW Steel collaborates with German company in decarbonisation drive; Maharashtra Scooters declares an Interim Dividend of Rs 100/share of face value of Rs 10 for the financial year ending 31 March 2023. Events Today Shriram City Union Finance Committee Meeting to consider … Read more

Tech firms delaying onboarding, claim freshers

Tech firms delaying onboarding, claim freshers

In an indication of a possible slowdown in the IT services sector, several candidates who had been offered jobs— after applying to those companies and some being recruited from the campus—are complaining on social media that three to five months after a job offer, some major tech companies are yet to formally process them. Abhishek … Read more

Was Rakesh Jhunjhunwala India’s last stock market billionaire?

Was Rakesh Jhunjhunwala India’s last stock market billionaire?

It’s tough to become a billionaire but almost impossible if you want to take the Dalal Street route to riches as the late Rakesh Jhunjhunwala did by starting with just Rs 5,000 and a CA degree in his pocket. While a small motley group of traders and investors have become crorepatis in the last few … Read more

tcs: Mcap of seven of top-10 valued firms tumbles over Rs 1.54 lakh cr

tcs: Mcap of seven of top-10 valued firms tumbles over Rs 1.54 lakh cr

Seven of the top-10 valued firms suffered a combined erosion of Rs 1,54,477.38 crore in market valuation last week, with IT majors and emerging as the biggest laggards. Last week, the BSE benchmark index tanked 812.28 points or 1.36 per cent. Limited, and were the only gainers in the top-10 pack. The market valuation of … Read more

7 of the top-10 valued firms suffered losses in the market last week; THESE 3 firms only gainers in top-10 pack | Market News

7 of the top-10 valued firms suffered losses in the market last week;  THESE 3 firms only gainers in top-10 pack |  Market News

New Delhi: Seven of the top-10 valued firms suffered a combined erosion of Rs 1,54,477.38 crore in market valuation last week, with IT majors Tata Consultancy Services and Infosys emerging as the biggest laggards. (ALSO READ: LIVE! Noida Supertech Twin Towers Demolition: Stage set to raze 100-metre-tall illegal buildings on Sunday) Last week, the BSE … Read more

IT sector drags market on variable payout cuts; JP Morgan downgrades Infosys, Tech Mahindra among others am… – Zee Business

IT sector drags market on variable payout cuts;  JP Morgan downgrades Infosys, Tech Mahindra among others am… – Zee Business

IT sector drags market on variable payout cuts; JP Morgan downgrades Infosys, Tech Mahindra among others am…Zee Business .