Synopsis: Citi has cut target prices across leading IT firms while maintaining a cautious stance on the sector. TCS, Persistent Systems, and LTTS remain “Sell” calls with notable downside potential, while Infosys and HCL are rated “Neutral.” Hexaware stands out as a...
During Wednesday’s trading session, the price of an indian IT stock hit an upper circuit of 2 percent after the company bagged orders worth Rs 1901 crores in consortium with ITI Ltd. from Bharat Net. With a market capitalization of Rs. 268.63 crores, on Monday, the...
IT services provider Accenture Limited reported its second-quarter results for fiscal year 2025, revealing that its revenue guidance fell short of investor expectations. The company slightly adjusted its revenue growth forecast, now anticipating annual revenue growth...
The IT sector has become a significant economic driver for India, contributing 7 percent to the GDP in FY24. According to reports, the IT industry is expected to reach USD 350 billion by 2026, contributing 10 percent to the GDP. Exports from the Indian IT services...
The PE ratio is a financial metric that is used to assess valuation of a company and also compare its current market price to its Earnings. PE ratio below the industry average means that the stock may be trading below its intrinsic value relative to its peers, and may...
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