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The brokerage said Tata Consultancy Services, LTIMindtree, HCL Technologies, and Mphasis are most at risk of multiple downgrades while Infosys, Wipro, and TechM face greater earnings risks.

In the process, it became the 11th Indian listed company to touch ₹5 lakh crore in market capitalisation. In the last month, the stock has risen over 6% and yielded more than 20% returns since the beginning of calendar 2023.

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For the full financial year 2022-23, ICICI Prudential Life Insurance saw its net profit rise by 7.6% to ₹811 crore compared to ₹754 crore in FY22.

There were low FPI flows last year and so far, they have shown little interest. In the last fortnight we saw some FPI flows coming into debt, right now between Fully Accessible Route (FAR) and other limits, the utilisation is roughly ₹1.50 lakh crore.

The proceedings have emanated from allegations raised through several whistle-blower complaints received by the Securities and Exchange Board of India (Sebi) in December 2018 of interference in the rating process of the credit rating agency by Mokashi.

As Indians celebrate the auspicious occasion of Akshaya Tritiya, gold prices are expected to surge. Deveya Gaglani, Research Analyst - Commodities at Axis Securities says that gold is considered a symbol of pride and prosperity among Indians. Mahendra Luniya, Chairperson of Vighnaharta Gold, claims that despite gold prices hitting the roof, it is still a long-term investment that investors should consider accumulating. Senior Analyst-Commodities at HDFC Securities, Saumil Gandhi, advises buying gold due to its safe haven value and potential for further upside. Investors are recommended to purchase gold in a staggered manner to mitigate risk.

Nippon India MF has increased its stake by 0.29% in PNB Housing Finance as Goldman Sachs Mauritius Fund offloaded the same. The shares were transacted at a price of Rs133. Punjab National Bank owns the registered PNB Housing Finance Company, which offers retail loans and corporate loans. Foreign portfolio investors own a 24.2% stake in the company, while domestic fund houses own only 1.85% of the company. PNB Housing Finance has not released its Q4 results yet; however, according to Trendlyne data, the company has an average target price of Rs 555, which is an upside of 30.11% from the current levels.

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Attrition for the quarter stood at 19.5% compared to 21.7% reported last quarter. The 26,734 freshers during the full year missing targets of hiring 30,000 freshers during the fiscal year.