“Most companies, even within sectors which are slightly on the negative side of the ESG, have started taking action to come on the positive side of the ESG. So I would say that there is no question of totally ignoring sectors which today are looking slightly negative on the ESG side.”
Read more about Tech view: How to trade Wipro post $1.45 billion acquisition of Capco on Business Standard. A breakout may lead the stock to Rs 480 and Rs 500 levels
Shares of Tata Elxsi rallied 7 per cent to Rs 2,534 on the BSE on Monday, in an otherwise weak market, after foreign portfolio investors (FPIs) increased their stake in the company by nearly one percentage points during the October-December quarter (Q3FY21). In the past two quarters, FPIs have increased their stake in Tata group information technology (IT) software products company by 2.08 percentage points. In comparison, the S&P BSE Sensex was down 0.51 per cent at 48,783 points at 10:02 am. The stock hit a record high of Rs 2,576 on January 14, 2020. In the past one month, the stock has rallied 55 per cent as against a 4 per cent rise in the S&P BSE Sensex. In the past six months, it has zoomed 177 per cent as compared to a 32 per cent surge in the benchmark index.
Digital spend keeps HCL Tech on growth path
It expects the fourth quarter revenue to grow by 2-3% sequentially keeping the currency rates constant.
Synopsis
The company increased the operating margin guidance for FY21 to 21-21.5% from the earlier 20-21%.
ET Intelligence Group: HCL Technologies, the country’s third largest software exporter, reported a sustained momentum for the December quarter though its sequential rate of dollar revenue growth at 3.5% was lower than 4-5% growth reported by the larger peers TCS and Infosys. The cloud, mobility and products businesses, which HCL Tech classifies as Mode 2 and Mode 3 reported a strong sequential growth of 10.9% and 7.1%. But this was offset to a