Shares of State Bank of India (SBI), the nation’s largest public sector bank, gained sharply in February, even as the bank reported a weak set of numbers in Q3, affected by higher wage provisions and soft other income. The stock has soared nearly 17% this month so far, marking itsRead More →
In addition, the dimming hopes for an early rate cut by the US Fed, geopolitical tensions in the red sea, and rising US bond yields have also dampened investors’ sentiment. This led them to book profits amid a significant rally in the Indian stock market in CY23, causing stocks toRead More →
Today’s rally was driven by robust support from both the banking and IT sectors. The surge in tech stocks was fueled by their healthy performance in the December quarter, while banking stocks witnessed a jump in anticipation of positive numbers for the Q3 period. Against this backdrop, the Nifty 50Read More →
Let’s delve into five key comparisons between these two IT majors. Revenue Growth: The revenues of Wipro came in at ₹22,205 crore in Q3, indicating a 4.4% decrease compared to the revenue of ₹23,229 crore reported in the corresponding period last year. Sequentially, revenue also saw a 1.4% drop. InRead More →
Notably, 16 large-cap stocks are currently trading near their 52-week lows, with a range from 1% to 10%. Among these 16 stocks, eight are constituents of the Nifty 50 index, comprising UPL, HDFC Bank, HUL, Kotak Mahindra Bank, Reliance Industries, Wipro, TCS, and Asian Paints. The remaining eight include HindustanRead More →
Apart from large-cap stocks, mid-and small-cap stocks also took a beating in October, marking a significant reversal from the positive momentum experienced over the previous six months, starting from April through September. In addition, the Q2FY24 earnings season also added volatility to the market as major Indian IT companies, includingRead More →
