Latest Stock Market News

The Relative Strength Index of the stock stood at 32.95 on Friday.

For more such web stories click on the ET icon below

The proposed listing of the DLM (DRHP filed) will lead to value unlocking. For FY23E, the management expects double-digit organic growth, ~14-15% inorganic and EBIT margin of ~13-14%. The brokerage increases its FY24/25E EPS estimate by ~2-4%, led by improving visibility.

A total of 10,671 shares changed hands on the counter till 11:53AM (IST)

The Bengaluru-based software major surprised the Street by raising its constant currency (CC) revenue growth guidance for the current financial year to 16-16.5% from 15-16% earlier. Most analysts had expected the company to retain its revenue growth guidance.

Ahead of Q3 earnings, citing credit growth, equity inflows and solid corporate earnings momentum, Credit Suisse has a buy recommendation on eight midcap stocks.

“While the last two trading sessions may have been a bit challenging, this year looks to be good and I hope to build on the foundation created in the last financial year, rather the last year when we had massive outperformance in terms of our markets being stable as compared to sharp declines in some of the other global market,”

“Positive global cues include moderating inflation levels in both India and the US. The US bond market too is signalling that the Federal Reserve could indeed be near the end of its rate-hiking campaign. The only negative catalyst which can haunt the market is FIIs relentless selling, as they have already sold to the tune of Rs 14997 crore,” Prashanth Tapse, Senior VP (Research) at Mehta Equities said.

Options data suggests a shift in a trading range in between 17600 to 18300 zones while an immediate trading range in between 17700 to 18200 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.

Shares of HCL Technologies dropped sharply in December by more than 7%, after the company trimmed its revenue growth guidance for the current financial year, citing that higher-than-expected furloughs will affect growth in the second half of the year.