Key Points
Shares of Indian software giants started the new year on a roaring note after higher-than-expected sales last quarter surprised investors and helped burnish the outlook for the sector...
Led by industry bellwether Tata Consultancy Services Ltd. and Infosys Ltd., the four key software companies, have added about $22 billion in market value in just two trading sessions since Thursday, when the earnings season kicked off..
A potential revenue rebound and easing global macroeconomic worries have boosted sentiment.. rallied as much as 14% on Monday, their biggest intraday gain since July 2020 before paring gains, as the surprise revenue beat triggered rating upgrades from some brokerages..
While global firms discretionary spending on technology projects is yet to show frim signs of a pickup or return to past levels, the companies continue to push ahead with initiatives, in particular the ones aimed at lowering costs and improving efficiencies...
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India tech majors add $22 billion to market cap in just two days
15, Jan, 24India Business News: Shares of Indian software giants started the new year on a roaring note after higher-than-expected sales last quarter surprised investors and helped burnish the outlook for the sector. Find out how the IT giants added $22 billion to their market cap in just 2 days.