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Here’s a snapshot of the key metrics for Q4 FY24! 1. TCS reported 9% rise in consolidated net profit at Rs 12,434 crore for Q4FY24 as against Rs 11,392 crore in the year-ago period. Revenue rose 3.5% to Rs 61,237 crore in Q4FY24, the IT major reported all-time high quarterly and full year deal wins at $13.2 billion, and $42.7 billion respectively. 2. Infosys Q4 net profit up 30% YoY to Rs 7.969 crore vs 6,128 crore; beats estimates. Whereas revenue from operations up 1.3% to Rs 37,923 crore vs 37,441 crore; misses estimates. Announces final dividend of Rs 20 per equity share and a one-time dividend of Rs 8 per share declared. And Infosys ADR fell 7% pre-market after the Q4 show. 3. Wipro in Q4FY24 reported IT services revenue of US$ 2.7 billion, flat QoQ. The company’s revenue performance came largely in line but the margin expansion during the quarter was a positive surprise despite the full impact of wage hike. The new CEO will focus on the accelerating large deal wins, strengthening relationship with partners, focusing on industry specific offerings, building AI ready talent & simplifying operating models. Top Performing Funds in IT Sector ⭐ Franklin India Technology 1yr Returns 60.84% ⭐Tata Nifty India Digital ETF 1yr Returns 52.51% ⭐ABSL Digital India 1yr Returns 37.17% When placing your order, kindly select "YES" when prompted if you are assisted. You will need to input my Employee Unique Identification Number. EUIN: E484653 and ARN 259045. WhatsApp, 📞 9845211825, inbox here for hassle-free online investing in Equity, Mutual Fund and Financial Instrument. ICICI Direct (Do IT Yourself) Account opening link https://lnkd.in/gTZq6H3i Relationship Manager RM Code- PRAE1301 Prajval Madhav Uchil Authorised Person. ICICI Direct NSE/BSE. Mutual Fund Distributor. ICICI Direct Buisness Partner. #PrajvalMFD #Mangalore #Udupi #Manipal #Kasaragod #Karnataka #India #Investing #Wealth #Money #Growth #Mutualfunds #Equity #Debtfunds #Bonds #PersonalFinance #MutualFundsSahiHai #SochaSamjhaRisk #deshkarenivesh #InformedInvesting #2024goals #ICICIdirect #wipro #tcs #infosys #finance #stockmarket

Performance of ten large-cap stocks over the past one year and ten years. 1 Yr. (10Yrs) 1. RIL +22%(+503%) 2. TCS +19%(+215%) 3. HDFC Bank +7%(+305%) 4. Bharti Airtel +86%(+358%) 5. ICICI Bank +35%(+368%) 6. Infosys +28%(+312%) 7. HUL +20%(+304%) 8. SBI +29%(+204%) 9. ITC +14%(+115%) 10. L&T +30%(+271%) # Absolute Returns 22-09-2024

Infosys, ICICI Bank Drag: Opening Bell The NSE Nifty 50 and BSE Sensex opened lower on Wednesday as shares of Infosys Ltd., and ICICI Bank Ltd. dragged. As of 09:17 a.m., the Nifty 50 was trading 23.90 points or 0.1% lower at 25,916.50, and the Sensex was trading 53.25 points or 0.1 lower at 84,860.79. Gains on Asian share indices provided support to the India's benchmark indices. "Currently, the index is trading 2.5% away from the mean. It lacks a clear follow-through, indicating a potential sideways trend as it accumulates strength briefly to support further upside momentum

#StocksToWatch: Here's a list of stocks that will be in the top focus going into trade today: 1. HDFC Bank 2. Reliance Industries 3. Tata Motors 4. Infosys 5. State Bank of India 6. ICICI Bank 7. HDFC Ltd. 8. Axis Bank 9. TCS 10. Bharti Airtel Keep an eye on these stocks for potential market movements. 📈🔍 #StockMarket #Trading #Investing REPOST & FOLLOW FOR INSTANT UPDATES! #Trading #StockMarket

Looking for Market Updates? Here are some - 📈 Manish Dugar, Mphasis' CFO, resigned on August 16, and Aravind Viswanathan will take over. Mphasis' shares increased 5.05% to ₹2,854.3, bringing the company's market worth to ₹53,906.49 crore. The stock has a price-to-earnings ratio of 34.48 and a return on equity (ROE) of 17.67%. These financial measures demonstrate Mphasis' outstanding performance, while the company's low beta rating of 0.25 indicates that it is less volatile than the overall market. 🚀 Following the introduction of new e-motorcycles and the announcement of a battery manufacturing venture, Ola Electric's worth increased to $7 billion. Its strong EV market expansion is reflected in this. Some, however, caution that given recent market declines, the genuine price would be closer to $5 billion. Even though Ola has a 46% market share in the e-scooter industry, it lost ₹15.84 billion before taxes in FY 2023–2024. The business intends to fund battery production and research and development, so the impending $734 million IPO will be a crucial test of investor trust. 📊 The first quarter's financial figures for Indian Railway Finance Corporation (IRFC Finance) revealed a moderate rise. Profit After Tax (PAT) for the firm climbed to ₹1,577 crore, up 1.6% over the same time the previous year. Additionally, revenue increased by a meager 1.4%. This shows that although the business is expanding, it is doing it at a comparatively sluggish rate. The constant growth indicates IRFC's sound financial standing, which makes it a reliable investment prospect although not one that is expanding quickly. 🏦 State Bank of India Rate Hike Overview: SBI has raised its Marginal Cost of Funds-based Lending Rate (MCLR) by 10 basis points across all loan tenors, beginning August 15, 2024. This decision is most likely motivated by increased finance costs and inflationary pressures. The rate rise will raise borrowers' EMIs, reducing the affordability of loans such as house loans, vehicle loans, and personal loans. The rate increase may limit credit demand as borrowing costs rise, thereby hurting economic consumption and investment. #StockMarket #Investment #Finance #Mphasis #Ola #EV #IRFC #SBI #CFO #IPO #EconomicUpdate #FinancialGrowth Disclaimer: This is not a stock recommendation. Please conduct your own research and consult with a financial expert if you intent to make any investments.

As of August 20, 2024, global markets are trading in a narrow range, reflecting a cautious optimism among investors. While concerns over interest rates, geopolitical tensions, and economic growth persist, there are also signs of resilience and potential opportunities. Potential Stock Picks: 👇 👉 Financials: HDFC Bank, ICICI Bank (benefitting from rising interest rates and credit growth). 👉 Infrastructure: Larsen & Toubro, Bharti Airtel (leveraging government's infrastructure push). 👉 IT Services: Infosys, TCS (for long-term growth prospects). Remember: The market is dynamic, and investor sentiment can change rapidly. It's essential to stay updated with the latest news and trends. Follow me for more in-depth market analysis and investment insights! #globalmarkets #indianstockmarket #investment #pritamchatterjee #markettrends #financialplanning Disclaimer: I am not a financial advisor. This information is intended for general knowledge and informational purposes only, and should not be considered as financial advice.

𝗧𝗼𝗽 𝟲 𝗙𝗶𝗿𝗺𝘀 𝗚𝗮𝗶𝗻 ₹𝟭.𝟵𝟳 𝗟𝗮𝗸𝗵 𝗖𝗿𝗼𝗿𝗲 𝗶𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝗖𝗮𝗽; 𝗜𝗖𝗜𝗖𝗜, 𝗛𝗗𝗙𝗖 𝗕𝗮𝗻𝗸 𝗟𝗲𝗮𝗱 Six of the top 10 most valued companies saw their market capitalization surge by ₹1.97 lakh crore last week. ICICI Bank led with a ₹63,359.79 crore increase, followed by HDFC Bank, which added ₹58,569.52 crore. Bharti Airtel and Reliance Industries also posted significant gains. In contrast, TCS, Infosys, and LIC saw declines. Reliance Industries remains the top-valued firm, with TCS and HDFC Bank trailing closely behind. #finance #news #ICICIBank #HDFCBank #MarketGains Source:- https://lnkd.in/g3rR6fy5

Q2 Results 2024: Wipro, Infosys, Axis Bank, Nestle India, LTIMindtree, Ceat, among others releasing Q2 results today Q2 Earnings 2024: The fiscal second quarter earnings season is in full swing now with majors like Tata Consultancy Services (TCS), HCL Technologies, Reliance Industries, Bank of Maharashtra, HDFC Life Insurance, PVR Inox, Bajaj Auto, L&T Technology Services, Mphasis, and many others having already released their quarter results. This week as well, a number of firms like Jio Financial Services, Tata Consumer Products, ICICI Lombard General Insurance Company, Oberoi Realty, L&T Finance, HDFC Bank, Kotak Mahindra Bank, Tech Mahindra, RBL Bank, PC Jeweller, and many others will report their Q2FY25 performance. As for today, market participants and investors are looking forward to Q2 results announcements by Wipro, Infosys, Axis Bank, Nestle India, LTIMindtree, Havells India, Tata Communications, Central Bank of India, Ceat, Dhanlaxmi Bank, Polycab India, Indian Overseas Bank, Jindal Stainless, Tata Chemicals, Karur Vysya Bank, Shemaroo Entertainment, and many more. Earlier, Reliance Industries Ltd (RIL) had posted a profit decline of 4.8 per cent on-year at Rs 16,563 crore and revenue at Rs 235,481 crore. HCL Tech recorded Q2 profit at Rs 4,237 crore, up 10.5 per cent YoY and revenue at Rs 28,862 crore. Meanwhile, TCS reported Q2 profit at Rs 11,909 crore, up 5.0 per cent YoY and revenue at Rs 64,259 crore.

🚀 Exploring Promising Investment Opportunities in the Indian Market! 🚀 In a recent insightful analysis, investment enthusiast Vaishali Parekh has spotlighted three major stocks with robust fundamentals and bright growth prospects, making them enticing for those looking to bolster their investment portfolios: 1️⃣ **Tata Consultancy Services (TCS)** - A frontrunner in the IT services industry, TCS continues to thrive due to its strong client relationships and innovative digital transformation strategies. Its growing influence in the European market is expected to be a key driver of revenue growth. 2️⃣ **HDFC Bank** - Known for its solid financial foundation and a history of profitability, HDFC Bank is making significant strides with its focus on retail lending and digital innovations. These efforts are poised to keep its growth on a steady upward trajectory. 3️

#MarketAlert | Here's a quick look at Nifty top contributors: Positive Movement: Bharti Airtel: +14 Infosys: +9 TCS: +7 ICICI Bank: +5 Tech Mahindra: +3 Negative Movement: RIL: -26 L&T: -14 HUL: -11 NTPC: -10.13 ITC: -9 The mixed sentiment highlights a dynamic market landscape. What are your thoughts on these movements? #StockMarket #MarketSentiment #Investments #Finance