Shares in India's largest technology firm Tata Consultancy Services and HCL Tech hit 52-week highs after Infosys reported better then expected Q4 numbers.
Shares in TCS rallied almost 3 per cent, hitting a 52-week high of Rs 1624 on the National Stock Exchange. Shares in HCL Tech on the other hand hit a 52-week high of Rs 862 on the NSE.
The trigger for these stocks were the unchanged revenue guidance by Infosys which gave a dollar revenue guidance of 7-10 per cent.
The company reported a PAT of Rs 2374 crores, which also was marginally better then expectations. Analysts see better prospects for the Industry going ahead given the sharp recovery in the US economy., though the new US Immigration Bill, if passed could see costs escalating for Indian software companies.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google