The big-ticket 5G spectrum auction has netted a massive sum for the government. It is now over to telcos to monetise the spectrum, while consumers can look forward to a bouquet of services. - Issue Date: Sep 04, 2022
Rajesh Gopinathan, CEO and MD of Tata Consultancy Services, believes growth has to be organic and profitable. And the only way to do that is to constantly reinvent
ET Bureau
“The expectation was that Mindtree’s revenue in dollar terms would be about 4-5% but it has reported 7.7% growth. Wipro also moved up along with midcaps; the hope in the market is that others may also outperform like Mindtree,” said Neerav Dalal, research analyst at Maybank Kim Eng Securities.
“Infosys will move up but the midcaps have already moved up; so they are likely to cool off. Any dip in midcap IT stocks, Infosys and Wipro will be bought into. I would want to wait and see whether others also show the same outperformance,” said Dalal.
Brokerages have a mixed view on Mindtree even as the company reported a robust set of earnings for the quarter ended June.
Updated Apr 13, 2021 | 13:11 IST
Infosys shares were trading 2.76% lower at Rs 1,387.80 apiece in the afternoon trade. This is on top of Monday s 1% correction in the stock. Representational image
New Delhi: Infosys, India s second-biggest outsourcer, is likely to announce a share buyback in the range of $1.2 billion to $1.9 billion (Rs 9,000 crore to Rs 14,000 crore) tomorrow (Wednesday) when its board meets to take a decision on the proposal.
“The last two buybacks were through open market so they are likely to continue doing that. The size would be Rs 8,000 crore to Rs 10,000 crore, not more than that, the
Economic Times quoted Neerav Dalal, research analyst at Maybank Kim Eng Securities as saying.
Infosys: Infosys likely to go for a $1 2-1 9 billion buyback indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.