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Oct 13, 2022 5:15 PM

Mindtree beats Street estimates with 8% jump in quarterly profit as attrition eases

Mindtree reports a 7.9 percent sequential increase in net profit to Rs 508.7 crore for the July-September period, far ahead of Street estimates — an all-round strong performance on the back of strong revenue growth owing to deal wins and easing attrition.

Revenue of the Bengaluru-based software exporter comes in at Rs 3,400.4 crore for the three-month period, up 8.9 percent compared with the previous quarter. (Read more)

Oct 13, 2022 5:15 PM

Infosys raises full-year revenue guidance

Infosys raises the lower end of its full-year revenue guidance and narrows its EBIT margin guidance after its September quarter results beat estimates on most parameters. The company expects full-year revenue growth to be at 15-16 percent from 14-16 percent earlier. (Read more)

Oct 13, 2022 4:21 PM

Infosys approves fourth share buyback in five years at 30% premium

Infosys has approves its fourth share buyback in the last five years. The company will buy back five crore shares via the open market at a price of Rs 1,850 apiece. The buyback price is a premium of 30 percent to Thursday's closing price. (Read more)

Oct 13, 2022 4:21 PM

Oct 13, 2022 3:48 PM

Oct 13, 2022 3:35 PM

Citi revises rating on cement stocks

Citi upgrades Ambuja to buy, downgrades JK Cement to sell and downgrades Dalmia Bharat to neutral.

Oct 13, 2022 3:27 PM

Many assets available at distressed valuations, good time to make an acquisition: SJS Enterprises CEO

SJS Enterprises Executive Director and CEO Sanjay Thapar believes it is the right time to acquire as many companies are distressed. "We should be able to get a decent deal. In fact this distress or short-term turbulence that you see in the export market would be a good time to buy," he tells CNBC-TV18.

He also says the company is on track to achieve 25 percent revenue growth in the year ending March 2023.

Oct 13, 2022 3:24 PM

HCL Tech's business rosy in America but uncertainty among Europe clients can bring pain: CLSA

Global brokerage firm CLSA has an 'outperform' rating on HCL Tech with a target price of Rs 1,000. Although the order book for the IT company looks healthy in North America, the brokerage firm believes that uncertainties from European clients can affect its business during the course of the year ending March 2023. (Read more)

Oct 13, 2022 3:10 PM

PV segment is growing well, have high projection from OEM clients: Sanjay Thapar of SJS Enterprises

Oct 13, 2022 2:48 PM

Large Trade | 1 lakh shares of Amber Enterprises worth Rs 22.3 crore change hands

Oct 13, 2022 2:36 PM

Buy Federal Bank, Deepak Nitrite: Yes Securities' Pritesh Mehta

Pritesh Mehta of Yes Securities shares two recommendations:

--Buy Federal Bank for a target of Rs 145-146

--Buy Deepak Nitrite for a target of Rs 2,500

Oct 13, 2022 2:15 PM

ITC shares have rewarded investors with over 50% return so far in 2022

Oct 13, 2022 2:08 PM

Bullish on consumption among five themes this Diwali: Axis Securities' Neeraj Chadawar

Neeraj Chadawar, Head-Quantitative Equity Research at Axis Securities, tells CNBC-TV18 he is bullish on five themes, with consumption being one of them. "We are seeing multiple categories are witnessing an uptick compared to pre-COVID levels," he says.

He is bullish on ITC, a stock, he says, has given an all-round performance on a calendar year-to-date. "We believe that given the environment, ITC is well placed among all the FMCG players considering the valuation comfort. With a dividend yield 3-4 percent, this stock provides a bigger margin of safety among all the peer players," Chadawar says.

The cigarette volume is picking up and other categories are also firing on all cylinders on the operational front, he highlights. "We believe that from a one-year perspective, ITC is well placed to deliver a 12-16 percent return," he adds.

Oct 13, 2022 1:50 PM

CLSA ups target on Maruti Suzuki but still sees over 12% downside

Maruti Suzuki shares fell close to a percent on Tuesday even as the Street expects the carmaker to see maximum growth among peers in the margin when compared to the previous quarter. The downtrend in the auto stock comes days ahead of its financial results for the July to September quarter due on October 28. (Read more)

Oct 13, 2022 1:31 PM

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