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How a set of stocks reacts to the news is one of the variables which give a fair idea about whether the stock prices have bottomed or not. If there is consistent negative news or even a narrative and the stock refuses to come down then it is an indication that probably the market has discounted the adverse news. Now let s use the same thing on Infy, TCS and HCL tech Q3 results reaction. The companies which have seen muted growth and given similar guidance, did not do something which was very different in Q3 results. No great expansion in margins nor any indication that tech spending is back in a major way. The only difference was the expectation of the street which has been extremely low. That is why the positive reaction was witnessed and that is probably an early indication that the worst of the slowdown has been priced in. ....
After a long phase of almost two decades, during Covid there was a sudden phase of expansion in price earning multiples which IT stocks were getting. Now as nothing is permanent on markets, a phase of mean reversion or readjustment of valuations started after October 21. It has been more than two years that largecap IT stocks have been going through this and after a gap of a long time, they are showing some early indications at worst might be over. But because there has been a major technological shift in the last two years, it is a trade that only investors with patience should look at taking. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk, and price momentum to generate standardized scores. ....
Nifty IT index is probably among very few sectoral indices which are still below the high they had touched in October 2021. Yes, the sector has some headwinds which not many had thought would appear two years back. But the bigger question is whether this phase of underperformance is about to get over or not. It might be too early to say as short term performance could be many reasons, but the way stocks have reacted to bad news and see sharp upward movement with slightly positive news, it might be worth bringing them back on watch list and shed the bias of looking at all IT stocks with a coloured lens. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. ....
One of the basic principles of figuring out whether the stock prices have bottomed out or have topped out is how they react to the negative and positive news. Now let s use the same thing on Infy, TCS and HCL tech Q3 results reaction. The companies which have seen muted growth and given similar guidance did not do something which was very different in Q3 results. No great expansion in margins nor any indication that tech spending is back in a major way. The only difference was the expectation of the street which has been extremely low. That is why the positive reaction was witnessed and that probably the worst of the slowdown has been priced in. ....
One of the basic principles of figuring out whether the stock prices have bottomed out or have topped out is how they react to the negative and positive news. Now let s use the same thing on Infy, two bad news in quick succession, first the resignation of the CFO and then more than a billion US dollars getting canceled. Let s look at what happened when both the news came. The resignation news came post the market hours and the Infy ADR and initial sharp cut, but then recovered. Next day the infy stock hardly lost any weight. On Tuesday, news of cancellation of a sizable contract came, the impact, just 1.2 % cut in stock price. Now compare with a time when a marginal miss in quarterly numbers lead to a cut of more than 5% in stock price and wipes out billions of dollars in market cap. So, while it might be a bit early, surely early signs cannot be ignored. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed st ....