Latest Stock Market News

The brokerage expects the company to clock sales/EPS CAGR of 18%/17% over FY23-25E as it expects a) increase in wallet share with customers, b) transition to EVs to provide next leg of growth and c) new customer additions.

Companies are increasingly investing in advanced generative AI platforms due to their success rate and potential in transforming businesses. The COVID-19 pandemic further accelerated the need to build technology capabilities across several sectors, which opened up new opportunities for the IT industry. Generative AI holds significant potential to transform businesses across several sectors, and US IT major Accenture identified over 300 potential use cases across 19 industries. Though generative AI can drive demand tailwinds, cost competitiveness will remain key for the IT sector. Reports suggest that the global AI market, currently worth $130 billion, has the potential to grow by 40% over the next 7-8 years.

NHPC has posted 39.40 per cent growth in consolidated net profit at Rs 719.18 crore for March quarter 2022-23 helped by higher income. It had clocked a net profit of Rs 515.90 crore during January-March 2021-22, the company said in a regulatory filing on Monday

eClerx Services, incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 7805.57 Crore) operating in IT Enabled Services sector.

​When it comes to India, I think India has never been a challenge. I think the growth is not great but it is still good relative to the rest of the world

A total of 21,884 shares changed hands on the counter till 11:48AM (IST)

The stock traded at a P/E multiple of 37.56, while the price-to-book value ratio stood at 8.49.

The Relative Strength Index of the stock stood at 64.75 on Tuesday.

Nifty PSU index s expected to pick up pace once RSI crosses 70 levels. ADX is trading above 24 levels which usually signals a strong uptrend in the making.​

The stock quoted a 52-week high price of Rs 2784.95 and low of Rs 1593.5.