Q1 earnings impact: In the last two weeks, the NASDAQ has plunged 7 per cent, while the IT index has rallied 7 per cent. Trading strategies for Infy, TCS, HCL Tech and LTIMindtree here.
The share price rose after the company announced that it has secured mutli-million dollar contract extension from Absa Bank.
Debashish Chatterjee, chief executive officer and managing director of LTIMindree talks about the growth drivers
This strengthened partnership solidifies LTIMindtree's leadership in the banking, financial services, and insurance (BFSI) sector
MOFSL upgraded LTIMindtree to BUY with a target price of Rs 7,000 due to its superior offerings in data engineering and ERP modernization, positioning it well to capture the pre-GenAI expenditures.
The company's first-quarter performance beat revenue but missed net profit estimates of Bloomberg
IT stocks outlook: TCS can potentially rally another 6 per cent from present levels; while Infosys, Wipro and LTIMindtree can rally up to 15%, suggest charts.
IT stocks today: TCS, Mphasis, Accelya Solutions India, Sonata Software, and Kellton Tech Solutions rose in the range of 3 per cent to 6 per cent