The Indian markets remain firmly driven by earnings momentum as investors continue to buy into every dip. In an exclusive conversation with ET Now, Rahul Shah of MOFSL said the current earnings season has been “far-far much better” than expectations, reflecting in the market’s resilience. “The way the markets have been and the earnings season…
Shares of mid-tier IT services company Coforge rallied 6% to their day’s high of Rs 1,867 on Monday, October 27, after the company reported an 86% year-on-year growth in its net profit for the September-ended quarter at Rs 376 crore compared to Rs 202 crore in the year-ago period. The profit after tax (PAT) was…
Venkatesh Balasubramaniam of JM Financial shared a comprehensive view of the Indian equity markets, highlighting the challenges and opportunities amid the current environment. He emphasized that the markets are trading at elevated valuations, with the headline indices priced at nearly 23–24 times one-year forward earnings—roughly one standard deviation above the mean. While such valuations could…
Indian IT companies are expected to face only limited disruption following the US announcement of a $100,000 one time fee on new H-1B visa applications, according to market expert Anil Singhvi, managing editor of Zee Business. Singhvi suggested that the move is more “signal than shock” for the sector, with only mild implications for business sentiment…
Accenture shares fell 11% on Friday, hitting the day’s low of $273.19, notwithstanding a revenue beat for third quarter driven by growing demand for the consulting giant’s AI-driven services from enterprise customers. It reported revenue of $17.7 billion for the quarter ended May 31, compared with analysts’ average estimate of $17.30 billion, Reuters reported, citing…