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Why Accenture guidance is good news for Indian IT companies Premium Accenture s robust 3QFY21 performance and commentary is a positive read-across for Indian IT companies as it indicates continued demand in key industries (Mint) Share Via Read Full Story For investors in Indian IT stocks, there are a couple of positive takeaways from Accenture’s Q3FY21 result. The IT firm saw strong constant currency revenue growth of 16% year-on-year. The growth, aided by a low base, beat Bloomberg’s consensus estimates by 400 basis points (bps) and the top end of its own guidance by 300 bps. This bodes well for tier-I firms such as Tata Consultancy Services, Infosys and HCL Technologies as Accenture’s earnings are often seen as an indicator for Indian IT companies’ future performance. ....
Bajaj Finance and Kotak Mahindra Bank witnessed a decline in their market capitalisation (mcap). The mcap of Tata Consultancy Services zoomed Rs 30,961.06 crore to Rs 12,50,538.30 crore, the most among the top-10 firms. Infosys added Rs 29,807.59 crore to its valuation which stood at Rs 6,70,915.93 crore last week. The market valuation of HDFC Bank jumped Rs 19,838.88 crore to Rs 8,36,426.69 crore and that of State Bank of India by Rs 14,234.76 crore to Rs 3,82,642.72 crore. ICICI Bank s valuation rose by Rs 12,775.99 crore to Rs 4,49,166.77 crore and that of HDFC by Rs 3,602.22 crore to Rs 4,52,778.40 crore. Did you Know? ....
M-cap of 6 of 10 top 10 companies zoom over Rs 1.11 lakh cr; Infosys, TCS top gainers The market capitalisation of TCS soared Rs 30,961.06 crore to Rs 12,50,538.30 crore, the most among the top 10 companies, while Infosys added Rs 29,807.59 crore to its m-cap which stood at Rs 6,70,915.93 crore last week Infosys and Tata Consultancy Services (TCS) emerged as lead gainers among top 10 most valued companies BusinessToday.In Updated Jun 27, 2021, 2:51 PM IST Six of the top 10 most valued firms added Rs 1,11,220.5 crore to their overall market valuation last week. Infosys and Tata Consultancy Services (TCS) emerged as lead gainers. State Bank of India (SBI), HDFC Bank, ICICI Bank, Infosys, and TCS saw gains in their market capitalisation (m-cap), whereas, Kotak Mahindra Bank, Reliance Industries Ltd. (RIL), Bajaj Finance, and Hindustan Unilever Ltd. (HUL) witnessed a fall in their m-cap. ....
Mcap of 6 of top 10 firms soars over Rs 1.11 lakh crore; Tata Consultancy Services, Infosys lead gainers freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
We take a closer look at the life of John McAfee, who was termed as the godfather of antivirus but was as far from the stereotype of a programmer as it s possible to be. ....