Stocks To Watch- Infosys, LTIM, CEAT, Tata Power, Zydus Lifesciences
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a gap down opening on Friday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded lower as the index was down 26 points or 0.10% at 24,828 indicating a lower start for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 rose 188 points or 0.76% to settle at 24,801, while the BSE Sensex advanced 627 points or 0.78% to close at 81,343.
Stocks to watch on July 19, 2024
Infosys
Infosys on Thursday reported a better-than-expected earnings of Rs 6,368 crore for the June quarter and also surprised the street by upping its sales forecast for FY25 to 3-4% in constant currency terms from 1-3% earlier. The higher forecast indicates clients are starting to spend more on technology in a resilient global environment. Infosys net profits, which…
TCS stock down nearly 2% following Q2 results; Should you buy, sell the stock-
Tata Consultancy Services (TCS) share price tumbled 1.78% to Rs 3,545.40 today, a day after the IT major reported 8.7% growth to Rs 11,342 crore in its consolidated net profit in the second quarter of FY24. TCS had reported a profit of Rs 10,431 crore in the same period a year ago. The IT major’s net profit jumped 2.4% on-Quarter. The company also announced a share buyback for Rs 17,000 crore at a price of Rs 4,150 a share on October 11, 2023. TCS stock price has slipped 0.71% in the last one month and has surged over 14% in the past one year.
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Should you buy, sell or hold TCS shares?
Jefferies: HOLD – Target Price: Rs 3,690
“TCS’s 2Q results do not inspire confidence on demand recovery in the near term, though large deal wins are likely to lead to better growth in 2H. We tweak our EPS estimates to …