Both globally and in India, there is an old principle in the stock market. When stock prices stop reacting negatively to bad news, probably the worst has been priced in or one can say that the stocks have bottomed out. When the stock stops reacting positively to good news, that is probably an indication that stock has topped out as all the good news has been priced. Look at what has been happening with the IT sector. Large cap companies are announcing their Q4 results, literally everyone is showing hardly any growth. Not giving any great guidance for the current year. Now look at the stock price reaction. When Infy announced its result post market, its ADR dipped sharply by 5 % but within less than two hours it was trading with a cut of less than 2 %. Same is the case with Wipro, bad results but stock price did not fall, infact it moved up. Now take the case of smaller IT companies, they declared slightly better than expected results, stocks jumped by 7 to 8 %. Is stock price movemen
IHG Hotels & Resorts has partnered with Brigade Group to develop a 300-room InterContinental brand hotel in Telangana, India. The InterContinental Hyderabad Neopolis will be the first InterContinental property in Kokapet, Hyderabad, and will be part of Brigade s mixed-use development project. The hotel will offer five dining options, conferencing facilities, a fitness center, spa, swimming pool, outdoor recreation area, and retail outlet.
Sumadhura Group, a Bengaluru-based real estate firm, has acquired approximately 40 acres of land worth around Rs 800 crore through a combination of outright purchases and joint development agreements. These parcels, situated in high-growth corridors of Bengaluru, are expected to yield revenue of Rs 6,000 crore.
India Business News: India's information technology companies are seeing a surge in contractual hiring, indicating improvements in the demand environment for IT services p