News stories about "estimates" in India.

Govt has reduced time taken to finalise GDP data by an entire year. Here's inside story of how

GDP data: This year, govt announced that 2nd and not 3rd revised estimates would be final. Here’s inside story on how this was achieved. Key Points

ThePrint

LTIM shares tumble over 13% after Q3 results. Should you buy, hold or sell?

The steep fall comes after the IT company released its Q3FY24 results, where it fell short of profit estimates. Find out how brokerages have rated the company's Q3 performance. Key Points

India Today

IT stocks' rally overdone, says Jefferies; Infosys among 3 top picks

Jefferies has taken a 'Hold' view on Tata Consultancy Services (TCS), HCL Technologies and LTI MIndTree while an 'Underperform' stance on Wipro and Tech Mahindra. Jefferies' estimates on the IT sector hinge upon the takeaways from its conversations with managements of seven domestic IT firms who have acknowledged that the demand uncertainty will linger, going forward. Key Points

Economic Times

GlobalFoundries projects profit above estimates in positive sign for chip market

Contract chipmaker GlobalFoundries (GFS.O) forecast fourth-quarter profit above analysts' estimates on Tuesday, providing the latest sign that a supply glut in the semiconductor industry was easing. Key Points

Reuters

EPAM Systems raises annual profit on strong cloud demand

EPAM Systems (EPAM.N) forecast annual profit above market expectations and beat estimates for third-quarter profit on Thursday as businesses increasingly digitise operations and adopt cloud services, sending the software firm's shares up over 6% in premarket trading. Key Points

Reuters

Paycom forecasts weak fourth-quarter revenue; shares tank

Payroll processor Paycom Software (PAYC.N) on Tuesday forecast fourth-quarter revenue that was below market estimates hit by sluggish demand for payroll solutions and human resource management amid an uncertain economy, sending the company's shares down 28% in extended trading. Key Points

Reuters

HCL Tech shares jump 3.5% on Q2 results. What should investors do now?

IT services company HCL Technologies on Thursday reported a 10% growth in its consolidated net profit at Rs 3,832 crore for the quarter ended September 2023. The same stood at Rs 3,489 crore in the last year period. Revenue from operations during the period rose 8% to Rs 26,672 crore as against Rs 24,686 crore in the corresponding quarter last year. Key Points

Economic Times

Cognizant projects revenue above estimates, CFO to retire in 2024

Cognizant Technology Solutions (CTSH.O) forecast third-quarter revenue above estimates on Wednesday as more businesses turn to the IT services provider to digitize their operations, sending its shares up more than 6% after the bell. Key Points

Reuters

AT&T tops free cash flow estimates on cost cuts, subscriber additions

AT&T (T.N) on Wednesday handily beat estimates for second-quarter free cash flow as efforts to lower costs and attract wireless monthly paying subscribers with cheaper plans paid off. Key Points

Reuters

Wipro misses Street estimates in Q1. How should you trade the IT major now?

The technology major reported a nearly 12% year-on-year (YoY) rise in consolidated net profit for the quarter ended June at Rs 2,870 crore. Consolidated revenue for the quarter increased by 6% YoY to Rs 22,831 crore.The bottomline was lower than the ET Now poll of Rs 3,040 crore, while the topline was largely in line with the expected revenue of Rs 22,870 crore Key Points

Economic Times

Chipmaker Analog Devices' forecasts held back by inventory corrections

Chipmaker Analog Devices (ADI.O) projected first-quarter revenue and profit below market estimates on Tuesday, as it grapples with the ongoing supply glut in the semiconductor industry. Key Points

Reuters

Twilio forecasts fourth-quarter profit above estimates on active customer accounts growth

Cloud service provider Twilio (TWLO.N) on Wednesday forecast fourth-quarter profit above Wall Street estimates on an increase in its active customer accounts. Key Points

Reuters

Pinterest delivers revenue beat on digital ad market rebound

Image-sharing platform Pinterest (PINS.N) beat second-quarter revenue estimates on Tuesday as monthly active users surged and digital advertising rebounded from a downturn triggered by an uncertain economy. Key Points

Reuters

ADP forecasts robust fiscal 2024 revenue on new contract wins

Payroll processor Automatic Data Processing (ADP.O) forecast annual revenue above market estimates on Wednesday, helped by strong demand for company services and new contract wins. Key Points

Reuters

Zimmer Biomet beats quarterly profit estimates on knee procedure strength

Zimmer Biomet Holdings Inc (ZBH.N) on Tuesday beat Wall Street estimates for third-quarter profit, as a rebound in knee surgeries lifted demand for the medical device maker's products. Key Points

Reuters

Cloudflare forecasts weak fourth-quarter revenue, shares fall

Cloud services provider Cloudflare (NET.N) on Thursday forecast current-quarter revenue below Wall Street estimates on worries that corporate spending will remain tight triggered by economic uncertainty. Key Points

Reuters

CDW misses third-quarter revenue estimates as customers lower tech spending

CDW (CDW.O) reported third-quarter revenue below estimates on Wednesday on lower demand for the company's information technology solutions as customers struggling with high borrowing costs cut back spending and defer projects. Key Points

Reuters

India's TCS skids on demand recovery worries after Q2 revenue miss

Shares of India's Tata Consultancy Services (TCS.NS) fell as much as 1.8% on Thursday, as investors worried that a recovery in demand was still not within reach after second-quarter revenue missed estimates due to weak client spending. Key Points

Reuters

Amphenol sees better-than-expected revenue on demand from defense, aviation

Electronic components maker Amphenol (APH.N) forecast third-quarter revenue above market estimates on Wednesday on optimism over demand from commercial air, military and automotive markets, sending its shares up more than 3% in early trading. Key Points

Reuters

‘Comparing apples to oranges’: Why Govt is defending slowing GDP growth

The government has said there is "much misunderstanding" of the GDP data for Q3, which shows quarterly growth slowing to 4.4 per cent. Key Points

The Indian Express

India may raise FY25 CPSE dividend target in full budget

The finance ministry is set to increase CPSE dividend estimates by Rs 5,000 crore to approximately Rs 53,000 crore for the current fiscal year in the full budget to be presented in July. This adjustment reflects improved dividend forecasts based on updated financial data. Dividend receipts for 2023-24 totaled Rs 63,000 crore. Key Points

Economic Times

3 Tata cos among 9 Nifty stocks that saw over 5% upgrade in FY24 EPS estimates

Brokerage Motilal Oswal has upgraded EPS estimates of nine Nifty stocks. The list includes state-run Coal India, auto major Maruti Suzuki and JSW Steel. Coal India topped the charts with an EPS upgrade of 18.1%. Others with over 5% upgrades include Maruti Suzuki (10.2%), JSW Steel (8.2%), Cipla (7%), Hero MotoCorp (6.9%) and Mahindra & Mahindra (5.3%). Key Points

Economic Times

ACC beats Q3 profit estimates on price hikes, strong demand

India Business News: ACC reported a higher-than-expected Q3 profit of 5.27 billion rupees ($63.4 million), driven by price hikes and strong demand for cement. The company' Key Points

Times Of India

Infosys shares jump 7% on Q3 results. Is the downgrade cycle over?

Infosys shares surge as Q3 results beat expectations. While FY24 revenue growth guidance was tightened, analysts are betting that Q3 was the bottom for the earnings downgrade cycle for the IT major. We expect growth to accelerate in FY25 on account of the ramp-up of large deals, strong deal pipeline and expected recovery in discretionary spending, said Emkay Global. Key Points

Economic Times

India likely to report higher GDP growth estimates for 2023/24

India is poised to project a robust 7% economic growth for the 2023/24 fiscal year, surpassing earlier forecasts. The National Statistical Office is set to unveil its initial GDP estimates, widely expected to reflect an increased annual gross domestic product. The Reserve Bank of India's recent 7% growth projection aligns with positive high-frequency indicators in October and November. Prime Minister Narendra Modi's infrastructure investments aim to invigorate the economy, with analysts foreseeing a potential third-term win due to this strategy. Key Points

Economic Times

India's Alembic Pharma Q2 profit roughly in-line with estimates

India's Alembic Pharmaceuticals (ALEM.NS) on Tuesday reported second-quarter profit roughly in line with estimates, as higher sales in its domestic and overseas markets offset a jump in expenses. Key Points

Reuters

Zebra Technologies beats quarterly profit expectations, sees soft demand

Barcode scanner maker Zebra Technologies Corp (ZBRA.O) beat third-quarter profit and revenue estimates on Tuesday but forecast a bigger-than-expected drop in the fourth-quarter net sales due to slowing tech spending in a tough economy. Key Points

Reuters

HP forecasts 2024 profit in line with estimates, boosts annual dividend

HP Inc (HPQ.N) on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting stabilizing demand in the personal computers market. Key Points

Reuters

FPIs buying into these mid-caps, analysts see up to 50% upside

For instance, the FPI holding in construction firm NCC has increased from 8.89% in March 2022 to 19.96% in March 2023. According to Bloomberg analyst consensus estimates, the stock can yield nearly 15% in a year. Key Points

Economic Times

ET Explains: What is ASI, and what is its connection with GDP?

India swiftly recovered from the Covid-19 pandemic, with employment rising above pre-pandemic levels in 2021-22, according to the latest Annual Survey of Industries (ASI). Investment growth also picked up during this period. The ASI measures industrial statistics of registered manufacturing enterprises and provides data on gross value added, output, inputs, invested capital, net income, and profits. The 2021-22 results indicated a sharp recovery in employment, with 17.2 million people employed by enterprises during the fiscal year. The ASI data helps determine the industrial sector's contribution to GDP. Key Points

Economic Times

Applied Materials forecasts upbeat first-quarter revenue on resilient demand

Applied Materials (AMAT.O) forecast first-quarter revenue above analysts' estimates on Thursday, but the company's shares fell more than 7% after the bell following a report that the semiconductor equipment maker was under investigation. Key Points

Reuters

Vertex Pharma misses sales estimates on weak demand for older CF treatments

Vertex Pharmaceuticals (VRTX.O) missed Wall Street estimates for third-quarter sales on Monday, hurt by weaker-than-expected demand for its older cystic fibrosis (CF) treatments. Key Points

Reuters

IndusInd Bank shares jump 3% post Q1 results. Should you buy or sell?

IndusInd Bank on Tuesday reported a 32.5% year-on-year (YoY) rise in the net profit for the quarter ended June to Rs 2,124 crore. An ET Now poll estimated the profit at Rs 2,100 crore. Net interest income, the difference between interest earned and interest expended, rose 18% YoY to Rs 4,867 crore. The banks operating profit, before provisions and contingencies, grew 13% YoY to Rs 3,830 crore. Key Points

Economic Times

Infosys shares tank 11% on weak Q4 earnings. Should you buy or sell?

Despite calling Infosys' January-March 2023 quarter results shocking , Jefferies maintained a ‘Buy on the second-largest IT services company for a price target of Rs 1,770 based on 24X 12m forward EPS. Key risks include weaker revenue growth, lower margin, unfavourable currency, and corporate action, the brokerage said. Key Points

Economic Times

Q3 GDP-GVA divergence tied to reduced fertiliser subsidy: Govt official

India's GDP spiked to a six-quarter high of 8.4% in Q3 FY24, surpassing estimates, while GVA growth stood at 6.5% during the same period. Key Points

mint

India's economy grew 6.1% in the January-March quarter. 10 points

India's economy grew 6.1% in the January-March quarter from a year earlier, accelerating from 4.4% in the previous quarter, helped by a pickup in manufacturing activity, government data showed Key Points

mint

Indirect tax dept on revenue drive, urges field offices to ensure maximisation of collections

The government has pegged the indirect tax target at Rs 13.85 trillion in the revised estimates for 2022-23. Key Points

Financialexpress

India confident of 7% growth for FY2024. GDP estimates to be out today

An increased estimate of annual gross domestic product is widely expected after the Reserve Bank of India (RBI) revised its own growth forecast last month to 7% for the current fiscal year, from an earlier estimate of 6.5%. Key Points

Business Today

Workday raises annual subscription revenue forecast on steady product demand

Workday (WDAY.O) raised its annual subscription revenue forecast and beat estimates for quarterly profit and revenue on Tuesday, benefiting from an easing macro environment and strong demand for its cloud-based software services. Key Points

Reuters

Tyler Technologies misses quarterly revenue estimates

Tyler Technologies (TYL.N) missed Wall Street estimates for third-quarter revenue on Wednesday, as the IT service provider faces stiff competition from bigger firms in an uncertain economy. Key Points

Reuters

Mughal-era practice behind unclear food output estimates?

India's government has admitted that its estimate of wheat output for the 2022-23 season is under dispute, with grain traders arguing that production could not have been more than 102-103 million tonnes, compared to the government's estimate of 112-113 million tonnes. The discrepancy has led to high cereal inflation in the country, despite expectations of falling prices and substantial state-held stocks. The government is now planning to use technology-driven models to improve its crop estimates and ensure more accurate data in the future. | Latest News India Key Points

Hindustan Times

Airbnb forecasts revenue above estimates on rebound in international travel

Airbnb (ABNB.O) forecasts third-quarter revenue above market estimates on Thursday, but industry fears of softening U.S. domestic demand have sent the vacation rental firm's shares down 4.2% in after-hours trading. Key Points

Reuters

Paycom results beat estimates on steady demand for payroll services

Paycom (PAYC.N) projected third-quarter revenue in line with market estimates on Tuesday and beat earnings expectations for the April-June period as demand for its human resource and payroll services withstood an uncertain economy. Key Points

Reuters

T-Mobile posts highest Q2 subscriber adds in eight years, beating estimates

T-Mobile US (TMUS.O) topped Wall Street expectations for quarterly wireless subscriber additions on Thursday, as cost-conscious customers flocked to its cheaper plans and superior 5G services in a highly competitive market. Key Points

Reuters

Teradyne beats results estimates as AI boom supports chip demand

Chip-testing machines maker Teradyne (TER.O) on Wednesday surpassed estimates for sales and profit in the second quarter, helped by growing demand for semiconductors that power artificial intelligence (AI) technology. Key Points

Reuters

Apple supplier Corning Q3 revenue forecast hit by consumer electronics slump

Specialty glass maker Corning (GLW.N) forecast third-quarter core sales below Wall Street estimates on Tuesday, as it grapples with the ongoing slump in the consumer electronics market. Key Points

Reuters

Centre weighing cutting GDP estimates' frequency to avoid confusing markets

​​Centre may cut official GDP estimates from six releases to four. The Statistics Ministry would start this from next year, the people said. The proposal is being discussed between the ministries of statistics and finance as well as top officials from Prime Minister Narendra Modis government as part of a drive to boost the quality of economic data Key Points

Economic Times

HCL Tech share price jumps 3% today after Q4 results beat market expectations; Should you buy, hold or sell?

HCL Tech shares rose today after IT giant declared an interim dividend of Rs 18 per share. The record date has been fixed as April 28, 2023, for the payment of the interim dividend and the payment date has been set as May 9, 2023. Key Points

Financialexpress

Should you buy, sell or hold TCS shares after IT bellwether misses Q4 estimates?

TCS reported a 16.9% year-on-year (YoY) jump in its March quarter revenue at Rs 59,162 crore while its profit rose 14.76% YoY to Rs 11,392 crore. Both the top and bottomline figures were below Street estimates. Key Points

Economic Times

How have Indians at large fared under this government?

While we have no survey data on incomes since 2011-12, multiple sources suggest a decline or deceleration in what working Indians earned in the last five years. These grim readings may be at variance with claims made in the budget speech but mass distress warrants attention. Key Points

mint

Infosys tanks 4% as firm cuts FY24 revenue guidance. Should you buy, sell or hold?

Infosys on Thursday reported a 3% year-on-year (YoY) growth in consolidated net profit for the quarter ended September to Rs 6,212 crore. Consolidated revenue grew nearly 7% YoY to Rs 38,994 crore. Key Points

Economic Times

Infosys’ 2.3% constant currency growth was a positive surprise; not sure why guidance was cut: Mahantesh S

According to Mahantesh Sabarad, the guidance revision by Infosys is not expected to lead to a significant decline in EPS estimates, but it may delay expectations from the company. Analysts are likely to adjust their estimates, resulting in a similar target price. Sabarad does not anticipate major upgrades in EPS or target prices from analysts. The valuation of Infosys may be capped at 21-22 times forward earnings, and there may be a slight downgrade due to concerns about future delivery. Key Points

Economic Times

Kotak Mahindra Banks Q3 Results: Should you Buy, Sell or Hold the stock post earnings?

Kotak Mahindra Bank: The Kotak Mahindra Banks Q3 stand alone net profit at ₹3005 growing 7.6% YoY missed estimates of some analysts. However the same was due to one offs . Key Points

mint

Hewlett Packard Enterprise beats quarterly profit estimates but forecast falters

Hewlett Packard Enterprise (HPE.N) beat estimates for quarterly profit on Tuesday due to easing costs but unfavorable macroeconomic conditions led to a dour forecast for the current quarter. Key Points

Reuters

Tata Motors shares jump over 4% post Q2 earnings. Should you buy or sell?

Motilal Oswal reiterated a buy on Tata Motors with a December 2025E SOTP-based TP of Rs 750. Company's 2QFY24 results significantly beat brokerage's estimates on consolidated EBITDA and PAT. Key Points

Economic Times

AMD forecasts misses estimates, shares drop

Chip designer Advanced Micro Devices (AMD.O) forecast fourth-quarter revenue and gross margins below Wall Street estimates on Tuesday, hurt by a weak gaming market as well as a decline in demand from some industries for its programmable chips. Key Points

Reuters

Pinterest beats quarterly estimates on ad market recovery; shares up

Pinterest (PINS.N) beat estimates for third-quarter revenue and profit on Monday, as a stabilizing digital advertising market helped draw marketers to the image-sharing platform, sending its shares up 13% in aftermarket trading. Key Points

Reuters

AbbVie raises profit forecast after Humira, newer drugs drive results beat

AbbVie (ABBV.N) on Friday raised its annual profit forecast after beating quarterly earnings estimates, helped by a lower-than-feared drop in sales of its blockbuster arthritis drug, Humira, and strong demand for newer drugs. Key Points

Reuters

Time to extend your stay? 4 hotel & related services stocks with an upside potential of up to 33%

After almost two decades of being ignored by the street, in the last three years hotel and hospitality related stocks have been once again in focus of the street. Travel tourism and airlines, everything related to the hospitality sector suffered the maximum damage due to Covid-19. But as they say, tough times bring the best out of some. Some hotel companies used the Covid crisis to put their house in order. While they have seen a run up in the last two years and that is why if one looks at overall estimates, analysts seem to be cautious. However there are enough hotel assets, which are ready to be taken over under the asset light model, companies which are able to use them without compromising the brand value are likely to be the one which will emerge as a long term winner and probably that would lead to a change in the analyst estimates. Key Points

Economic Times

Economic climate encouraging; 7.3 pc GDP growth estimate very positive: SBI chairman

State Bank of India Chairman Dinesh Kumar Khara has expressed his optimism regarding the 7.3% growth estimate for India in FY24. Speaking to PTI at the Vibrant Gujarat Global Summit, Khara described the estimate as a very positive development and stated that the overall economic climate is currently very encouraging . The National Statistical Office (NSO) recently projected a real GDP growth rate of 7.3% for FY24, surpassing previous estimates of less than 6.5%. Key Points

Economic Times

HP forecasts downbeat first-quarter profit amid slow PC market recovery

HP Inc (HPQ.N) on Tuesday forecast first-quarter profit below Wall Street estimates but maintained its annual earnings outlook, a sign that demand in the personal computers market is still recovering. Key Points

Reuters

Keysight Technologies beats quarterly profit estimates

Keysight Technologies (KEYS.N) beat market estimates for fourth-quarter profit on Monday, as the electronic equipment maker continued to benefit from steady demand in segments such aerospace and defense. Key Points

Reuters

Take-Two Interactive forecasts third-quarter net bookings below estimates

Take-Two Interactive Software (TTWO.O) on Wednesday forecast third-quarter net bookings below market expectations, hurt by a slowdown in spending on the company's gaming titles such as "Grand Theft Auto" and "Red Dead Redemption". Key Points

Reuters

Datadog tops quarterly estimates on robust bookings, raises annual forecast

Datadog (DDOG.O) on Tuesday topped estimates for third-quarter results and raised its forecast for annual adjusted profit and revenue, driven by demand from customers seeking better security solutions due to increasing cybersecurity threats. Key Points

Reuters

Gartner lifts annual earnings forecast on stable demand for research, consulting

Information Technolgy Consultant Gartner Inc (IT.N) beat third-quarter results estimates on Friday and nudged up its annual earnings forecast, as it benefits from stable demand for its research and consulting services. Key Points

Reuters

Block shares surge 19% on better-than-expected Q3 revenue amid resilient spending

Payments company Block (SQ.N) beat estimates for third-quarter revenue on Thursday, helped by resilient spending from consumers who brushed off fears of an economic downturn, sending shares up 19% in aftermarket trading. Key Points

Reuters

Aflac beats estimates for quarterly profit on higher premium income

Insurance provider Aflac (AFL.N) on Wednesday reported third-quarter profit above estimates, helped by higher premium revenue from its U.S. unit and strong gains on its investments. Key Points

Reuters

India's Adani-owned Ambuja Cements misses Q2 revenue view on weak sales volumes

India's Ambuja Cements (ABUJ.NS) on Wednesday missed quarterly revenue estimates after higher prices damped sales volumes. Key Points

Reuters

Avenue Supermarts shares fall 4% as Q2 profit drops. Should you buy, sell or hold?

Avenue Supermarts on Saturday reported a consolidated net profit of Rs 623.35 crore for the quarter ended September 30, 2023, which was down by over 9% from Rs 685.71 crore reported by the company in the corresponding period of the previous financial year. The company which operates DMart reported a consolidated revenue from operations at Rs 12,624 crore which was up by 18.66% from Rs 10,638.33 reported by the company in Q2FY23. Key Points

Economic Times

Land acquisition, flyovers and tunnels raised Bharatmala cost: Official

The cost of highway projects under India's Bharatmala programme has risen above initial estimates due to the construction of wider highways and tunnels, as well as more expensive land acquisition, top Roads Ministry official said. TThis programme was approved by the Cabinet Committee on Economic Affairs (CCEA) in July 2017. Key Points

Economic Times

PTC forecasts quarterly revenue below estimates as economic uncertainty bites

Industrial software maker PTC (PTC.O) forecast fourth-quarter revenue below estimates on Wednesday, as economic uncertainty forces companies to cut back on spending to bolster their bottom lines. Key Points

Reuters

Allegion raises profit forecast on price hikes, strong demand for security systems

Allegion (ALLE.N) raised its annual profit forecast on Wednesday after price increases and solid demand for its electric security devices helped it beat quarterly earnings estimates. Key Points

Reuters

ICICI Bank shares jump 5%, hit 52-week high on strong Q3 earnings. Should you buy?

ICICI Bank shares jumped 5% and hit their 52-week high of Rs 1,059.40 on the NSE on Tuesday after the second-largest private lender reported December quarter earnings which were better than Street's estimates. Top brokerages including Jefferies, Kotak Institutional Equities and Nuvama retained their buy rating on the stocks. ICICI Bank on Saturday reported a 23.6% year-on-year (YoY) growth in its profit after tax to Rs 10,272 crore for the quarter ended December 2023. Key Points

Economic Times

Old pension scheme to be 4.5 times costlier than the new one

“Internal estimates suggest that if all the State governments revert to OPS from the National Pension System (NPS), the cumulative fiscal burden could be as high as 4.5 times that of NPS, with the additional burden reaching 0.9 per cent of GDP annually by 2060” said the report titled “ State Finances: A Study of Budgets of 2023-24” released on Monday. Key Points

Economic Times

Chipmaker Skyworks Solutions forecasts weak outlook, shares fall

Apple supplier Skyworks Solutions (SWKS.O) forecast first-quarter revenue below estimates on Thursday, on demand concerns as clients struggle to offload excess inventory, sending shares down 5% in extended trading. Key Points

Reuters

Roku soars as improving ad revenue fuels upbeat forecast

Shares of Roku (ROKU.O) jumped nearly 20% on Thursday as the streaming device maker delivered a surprise core profit in the third quarter and forecast quarterly revenue above Wall Street estimates on the back of a recovery in the advertising market. Key Points

Reuters

NXP forecasts third quarter above estimates on steady automotive demand

Chipmaker NXP Semiconductors (NXPI.O) forecast third-quarter revenue and profit above Wall Street targets on Monday, betting that demand from automakers ramping up production will cushion the hit from a weak consumer electronics market. Key Points

Reuters

Bajaj Auto Q4 beat: Should you buy, sell or hold the stock?

Despite recording stronger-than-expected Q4 earnings, Bajaj Auto shares fell. The company has seen some market share losses in premium bikes and exports. Jefferies analyst Nitij Mangal sees multiple tailwinds, including the rebound of domestic demand and gradual export recovery. Key Points

Economic Times

LTIMindtree shares tumble 10% on weak Q3 earnings, ratings downgrades. How to trade now?

IT services company LTIMindtree's stock tanked 10% following lower-than-expected Q3 earnings. CLSA downgraded the stock to Sell, while Kotak Institutional Equities recommended a Reduce rating due to weak quarter-on-quarter growth. Motilal Oswal maintained a Neutral rating, while Nuvama retained a Buy stance but cut the price target. InCred downgraded the stock to Reduce. LTIMindtree reported a 17% YoY rise in net profit to Rs 1,169 crore and a 5% increase in revenue to Rs 9,017 crore for the quarter. Key Points

Economic Times

Wipro shares jump 10% post Q3 earnings. How to trade now?

Wipro's shares surged 10% to reach a 52-week high of Rs 511.95 after the release of its Q3 results. The company's consolidated net profit declined by nearly 12% YoY to Rs 2,694 crore, while its consolidated revenue dropped 4.4% to Rs 22,205 crore. Brokerages like Jefferies and BofA maintained an 'Underperform' rating, while Kotak Institutional Equities recommended a 'Reduce' and Nuvama suggested a 'Hold'. Wipro's Q4 growth guidance and continued headcount declines are concerning for the company. However, the company's sustainability and improved demand commentary are encouraging factors. Key Points

Economic Times

TCS shares jump over 3% as Q3 earnings beat Street estimates. Should you buy?

Tata Consultancy Services (TCS) shares jumped over 3% following its Q3 results. Morgan Stanley upgraded the stock to Overweight, while Motilal Oswal and Nuvama reiterated their buy stance. TCS reported higher-than-expected revenue but lower bottomline. Morgan Stanley raised the price target to Rs 4,240. Motilal Oswal has a target of Rs 4,250. Nuvama revised the target to Rs 4,500. Kotak maintained an Add rating. Key Points

Economic Times

Chipmaker Micron forecasts first-quarter revenue above estimates

Micron Technology (MU.O) forecast first-quarter revenue above Wall Street estimates on Wednesday, powered by demand for its memory chips from the rapidly growing artificial intelligence sector. Key Points

Reuters

TCS shares rise over 1% after Q1 show. Should you buy, sell or hold the stock?

Tata Consultancy Services (TCS) reported a YoY rise of 17% in consolidated net profit of Q1 to Rs 11,074 crore. However, consolidated revenue increased nearly 13%, marginally lower than the estimated Rs 59,500 crore. Motilal Oswal and Nuvama retained their 'Buy' recommendation on the IT major, while Nomura maintained a 'Reduce' rating. Key Points

Economic Times