Tata Consultancy Services Ltd. (TCS) revenue rose on deal wins but analysts are cautious as margin pressure persists and the company hinted at recession worries among clients.
Stock Market
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Bajaj Finance Q1 Update: Core Assets Rise To More Than Rs 2 Lakh Crore
Bajaj Finance Ltd.’s assets under management rose 3.55% sequentially to Rs 2.04 lakh crore in the quarter ended June.
Nifty Weekly Technical Forecast [06-06-2022]
Nifty Weekly Technical Forecast: In the previous column, we studied the range that had formed and how a breakout may occur from that to set the immediate trend. We discussed that a down-move may continue upon the down-breakout but that an upside break may still meet with supplies at higher levels. Thus the bias was still bearish.
Nifty Weekly Forecast: Trading Zone 17,100—15,200 – Neal Bhai
Nifty Weekly Forecast: The pathway for the index seems to be fairly set for the week ahead. A nice range has formed, which can be better seen using an intraday chart.
Stock Recommendations – Neal Bhai Reports [18-05-2022]
Stock Recommendations [18-05-2022] Motilal Oswal: The brokerage has approved buyback of 14.54 lakh shares at Rs 1,100 per share. Jet Airways: The airline successfully conducted proving flights over …
Stock Recommendations – Neal Bhai Reports [17-05-2022]
Stock Recommendations by Neal Bhai
- SJVN: The company has signed a memorandum of understanding for development of 490 MW Arun-4 project in Nepal.
- Aditya Birla Capital: The company said an independent committee investigating a whistleblower complaint did not find any merit in allegations made against Aditya Birla Sun Life and its employees.
- KEC International: The company has received new orders of Rs 1,147 crore across its various businesses.
- Kajaria Ceramics: The company has begun commercial production of ceramic floor tiles and vitrified tiles in manufacturing facilities in Gailpur, Rajasthan, and Chittoor, Andhra Pradesh, respectively.
- Steel Exchange India: The company approved the proposal of splitting equity shares from face value of Rs 10 to Rs 1 each.
- Max Healthcare Institute: Approves merger of units Alps, Max Hospitals
Analysts Expect Axis Bank’s Operating Expenditure To Remain High
Analysts Expect Reports: Axis Bank reported net income for the fourth quarter that beat the average analyst estimate. Growth in retail loans and lower provisioning aided the growth in net income.