Latest news with #InfosysLtd
Mint
6 days ago
- Business
- Mint
IT: Seasonally strong Q1 won't sparkle this time
For Indian information technology, the June quarter began on a dull note. At the onset, serious concerns emerged around the trade tariff-led impact on the US economy—a crucial market for the Indian IT sector. However, as the quarter progressed, the intensity of tariff uncertainties reduced to some extent. Still, the latest commentary from the Accenture management and various brokerages indicates that the demand scenario has not improved or worsened. While this is comforting for edgy IT investors, expectations about the upcoming results of an otherwise strong Q1 quarter are low. Q1FY26 revenue growth is likely to be modest and uneven. The divergence between tier-1 and tier-2 IT companies would persist. HDFC Securities has pencilled in sequential constant currency (CC) growth in the range of -2.8% to +1.5% for tier-1 and -3.4% to +3.7% for mid-tier companies. Among large-caps, Infosys Ltd and LTIMindtree Ltd would lead growth. Wipro Ltd, HCL Technologies Ltd, Tech Mahindra Ltd and Tata Consultancy Services Ltd are likely to report a drop, hit by seasonality and client-specific challenges. That said, US revenue growth for most IT companies would be supported by favourable foreign exchange movements. Within verticals, the banking financial services and insurance (BFSI) sector is seen as resilient to tariff woes and thus, continuing its growth momentum. Hi-tech, energy and utilities would support growth for select IT companies. However, the manufacturing, automotive and retail/consumer packaged goods segments would be under pressure. Deal wins are expected to be steady, led by cost takeout and vendor consolidation projects. Revenue growth could be supported by the ramp-up of previously won deals, but since clients are in wait-and-watch mode, the uptick in discretionary IT expenditure is unlikely. Also, deal closures could be slow due to clients' elongated decision-making cycles. So, as seen lately, despite a robust deal pipeline, actual revenue conversion in Q1FY26 may lag. Margins range-bound 'Deal wins for the quarter should be decent. That said, total contract value (TCV) alone may not be a sufficient parameter to gauge growth, as vendor consolidation is a zero-sum game. Players' outlook, therefore, will likely reflect the impact of losses/leakages in the existing book," said JM Financial Institutional Securities report dated 30 June. Now, in the absence of any meaningful revenue growth and dollar-rupee appreciation, margins should remain range-bound. This is despite the deferment of FY26 wage hikes by most IT companies. The movement in operating margin would also be a function of company-specific factors. For IT companies under its coverage, Jefferies India expects aggregate margins to remain flat at 19.8% in Q1FY26. 'INR appreciation against USD should impact margins for most IT firms, however, firms with a higher share of Europe exposure may see a lower impact since most key European currencies have appreciated vs. INR," it said in a report dated 30 June. Among the other crucial monitorables is whether Infosys, HCL, and Wipro (quarterly guidance) are revising their FY26 and Q2FY26 revenue growth targets. Infosys' FY26 current growth guidance is 0-3%, and HCL's is 2-5%. Jefferies' analysts would also be watching out for demand commentary given the worsening US macro and the potential impact of AI. As things stand, the Nifty IT index has staged a smart recovery, rising around 20% from its 52-week low of 32,517 seen in April. The index is trading at a one-year forward price-to-earnings multiple of 24 times, according to Bloomberg data. A premium to the long-term average of 20 times. 'While the worst case has not panned out, the environment remains uncertain," according to the JM report. Given this, valuations appear expensive and hardly compelling unless the sector's earnings downgrade cycle bottoms out.
NDTV
26-06-2025
- Business
- NDTV
Infosys Chairman Flags Global Uncertainties Arising From Tariff War, AI
Infosys Ltd chairman Nandan Nilekani has expressed concern over unprecedented global uncertainties arising from the ongoing tariff war, the increased use of artificial intelligence, and energy transition. The tariffs are pushing the businesses to de-risk sourcing, Mr Nilekani said at Infosys' 44th annual general meeting (AGM), highlighting a need to accelerate supply-chain diversification as bilateral and regional trade routes emerge as dominant forces. "Look around us, there's a perfect storm of multiple colliding trends that is raging. Clearly, the world is shifting from a single global market to fragmented blocks, forcing companies to make strategic choices and navigate between regions," he added. Speaking about AI's impact on the workforce, Mr Nilekani underscored the uncertainty posed by artificial intelligence. But as a digital-based firm, he said, Infosys sees AI as driving the cultural and operational shifts across the workforce. "Legacy system modernisation and data architecture overhaul to ensure all the firm's data is consumable by AI are becoming increasingly unavoidable. Companies need both: AI foundries for innovation and AI factories for scaling," he said. Over 2.75 lakh employees at Infosys are currently trained in AI, and the company is investing more in AI-related innovation, shared the business leader. Besides AI, Mr Nilekani said that energy transition added another layer of uncertainty, with the shift depending on the innovation in solar, wind, battery, nuclear, and hydrogen technologies. "Every type of business in every part of the world is having to first adapt to rapidly changing business and technological disruption before advancing into an uncertain and unfamiliar future," he added.
Time of India
20-06-2025
- Business
- Time of India
Stock Radar: This BSE Sensex stock from IT space is now looking attractive after breaking out from ascending triangle pattern; time to buy?
Investment Ideas Stock Radar: This BSE Sensex stock from IT space is now looking attractive after breaking out from ascending triangle pattern; time to buy? A breakout from an ascending triangle pattern occurs when the price closes above the horizontal resistance level with strong volume. Synopsis IT giant Infosys Ltd has broken out from an Ascending Triangle pattern, signalling potential upward movement. Experts suggest buying the stock with a target of Rs 1,770 in the next 7-8 weeks. Technical indicators like RSI and MACD support this bullish outlook, with analysts recommending a stop loss below Rs 1,560. Infosys Ltd, part of the Indian IT industry, broke out from an Ascending Triangle pattern on the daily charts, which has opened room for the stock to head traders can look to buy stock for a target of Rs 1,770 in the next 7-8 weeks, suggest stock has been under pressure after it hit a high above 2,000 levels back in December 2024. It has fallen more than 18% since IT stock, which is also part of the BSE Gift ETPrime to your friends Gift a Subscription Now, gift ETPrime subscription to your friend for Free! Gift this Story to your friends Gift a Story Share member-only stories with your friends or family and help them read it for free. FONT SIZE Abc Small Abc Medium Abc Large SAVE PRINT COMMENT Continue reading with one of these options: Limited Access Free Login to get access to some exclusive stories & personalised newsletters Login Now Unlimited Access Starting @ Rs150 Rs120/month Get access to exclusive stories, expert opinions & in-depth stock reports Subscribe Now ET Uh-oh! This is an exclusive story available for selected readers only. Worry not. You're just a step away. Sign In to Read for Free Prime Account Detected! 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Business Standard
11-06-2025
- Business
- Business Standard
Quick Wrap: Nifty IT Index gains 1.26%
Nifty IT index ended up 1.26% at 38784.3 today. The index has gained 1.00% over last one month. Among the constituents, HCL Technologies Ltd rose 3.23%, Infosys Ltd added 2.20% and Tech Mahindra Ltd gained 1.65%. The Nifty IT index has soared 12.00% over last one year compared to the 8.07% increase in benchmark Nifty 50 index. In other indices, Nifty PSU Bank index has dropped 0.88% and Nifty FMCG index is down 0.67% on the day. In broad markets, the Nifty 50 recorded a gain of 0.15% to close at 25141.4 while the SENSEX increased 0.15% to close at 82515.14 today.
Mint
09-06-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Monday — 9 June 2025
Stock Market Today: During the week ending 6 June 2025, the benchmark Nifty-50 index managed to end at 25,003.0, up 1.0% week on week , primarily helped by favorable domestic cues. Bank Nifty also gained 1.4% to 56,578.40 levels while Realty, auto and even Metals were among other key gainers though IT in wake of unfavorable global cues was a key loser. The broader markets saw smart gains with mid and small caps rising between 2.8% and 4%. For the Nifty-50 index the 20-day SMA, around 24,800, will act as a trend decider level and above this level, the bullish formation is likely to continue, with 25,100 serving as the immediate resistance.. A successful breakout above 25,100 could push the market up to 25,400–25,500, and conversely below 24,800 the market may retest the 24,500/80600 level, as per Amol Athawale, VP-technical Research, Kotak Securities. For Bank Nifty the key support zones are around 56,000 and 55,500, above this the positive momentum could continue towards 57,200–57,700, added Athawale. Going forward, market participants will focus on key macroeconomic data for further cues. High-frequency indicators such as CPI inflation will be closely tracked to gauge demand trends and the central bank's next steps. Additionally, the progress of the monsoon and sowing patterns will be monitored due to their implications for rural consumption. On the global front, developments in trade negotiations and movements in U.S. bond yields will continue to influence investor sentiment. Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher has given three stock picks These Include Infosys Ltd , ICICI Bank , CESC Ltd , Bajaj Finserv Ltd, Bharat Heavy Electricals Ltd, Poonawalla Fincorp Ltd, Fino Payemts Bank and Bajaj Housing Finance Ltd Infosys Ltd- Bagadia recommends buying Infosys or INFY at around ₹ 1568 keeping Stoploss at ₹ 1515 with a target price of ₹ 1660 INFY is currently trading at 1586, showing signs of stabilization after a sharp decline earlier in the year. The price action over the past few weeks has entered a narrow consolidation band, indicating a phase of base-building. This sideways movement, occurring after a pronounced downtrend, may be laying the groundwork for a potential reversal, though confirmation through stronger price follow-through is still awaited. 2. ICICI Bank Ltd - Bagadia recommends buying ICICIBANK at around ₹ 1460 keeping Stop loss at ₹ 1400 with a target price of ₹ 1575 ICICIBANK is currently trading at 1460 and is showing signs of strength after retesting its all-time high zone. The stock has been consolidating in a narrow range near its lifetime highs, indicating healthy digestion of prior gains and suggesting that market participants are not rushing to book profits. This consolidation near the peak levels generally acts as a continuation pattern, with a potential breakout likely to propel the stock into uncharted territory 3. CESC Ltd - Dongre recommends buying CESC at around ₹ 168 keeping Stoploss at ₹ 160 for a target price at around ₹ 183 Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 168 and maintaining a strong support at ₹ 160. The technical setup indicates the potential for a price retracement towards the ₹ 183 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 160 offers a prudent approach to capturing the anticipated upside. 4. Bajaj Finserv Ltd- Dongre recommends buying BAJAJFINSV at around ₹ 1992 keeping Stoploss at around ₹ 1950 for a target price of ₹ 2100 In the latest short-term technical analysis, stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 1992 and holding above a key support level at ₹ 1950. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 1950 to manage downside risk. The target for this trade is set at ₹ 2100, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 5. Bharat Heavy Electricals Ltd- Dongre recommends buying Bharat Heavy Electricals or BHEL at around ₹ 255 keeping Stoploss at around ₹ 250 for a target price of ₹ 267 In the latest short-term technical analysis, stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 255 and holding above a key support level at ₹ 250. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 250 to manage downside risk. The target for this trade is set at ₹ 267, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Poonawalla Fincorp Ltd- Koothupalakkal recommends buying POONAWALLA FINCORP at around ₹ 421 for a target price of ₹ 445keeping Stoploss at around ₹ 410 The stock has indicated a strong bullish candle on the daily chart to give a breakout above the previous peak zone of ₹ 416 level to strengthen the bias and can anticipate for further rise in the coming sessions. The RSI is currently maintained strong and can expect for further positive move in the coming sessions with significant volume participation also visible during the session. With the chart technically well positioned, we suggest buying the stock for an upside target of ₹ 445 level keeping the stop loss of ₹ 410 level. 7. Fino Payments Bank Ltd- recommends buying FINO PAYMENTS BANK at around ₹ 266 for a target price of ₹ 282 keeping Stop loss at ₹ 260 The stock has witnessed a decent pullback from near the important 50EMA at ₹ 246 level and has strengthened the bias with a series of positive candles to expect for further upward move in the coming sessions. The stock has corrected well and has much scope for further upward movement with the chart setup looking good. The RSI has indicated a positive trend reversal to signal a buy and with much upside potential visible, one can anticipate for another fresh round of momentum to carry on with the positive move further ahead. 8. Bajaj Housing Finance Ltd - Koothupalakkal recommends buying Bajaj Housing Finance or BAJAJ HSG FIN at around ₹ 125.66 for a target price of ₹ 135 keeping Stop loss at ₹ 122 The stock has witnessed an overall gradual uptrend after bottoming out near 104 zone and currently after a short period of consolidation has indicated a positive candle formation on the daily chart taking support near the 50EMA level at ₹ 123 zone to anticipate for further rise in the coming sessions. The RSI is well placed and has much upside potential visible from current rate. With the chart looking good, we suggest buying the stock for an upside target of ₹ 135 level keeping the stop loss of ₹ 122 level. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
