Page 2 - It Stocks
Tech Mahindra on slippery ground post acquisition of European IT firm CTC
The company announced acquisition of 100 per cent stake in Europe-based Com Tec Co IT (CTC) and 25 per cent stake in two insurtech platforms for a total of EUR 330 million (about Rs 2,800 crore).
 "Tech Mahindra on slippery ground post acquisition of European IT firm CTC")
HCL Technologies tanks 7% on margin disappointment in December quarter
EBIT margins for services (IT services+ ER&D) were down 190 bps on a QoQ basis.
 "HCL Technologies tanks 7% on margin disappointment in December quarter")
Q3 earnings impact: Infy, TCS can rally up to 10%, Wipro may weaken further
TCS is heading towards Rs 4,200 followed by Infosys, which is moving in the direction of Rs 2,100
 "Q3 earnings impact: Infy, TCS can rally up to 10%, Wipro may weaken further")
Stocks to Watch: Infosys, TCS, Wipro, EaseMyTrip, Dixon, RITES, Voda Idea
The three IT majors - Infosys, TCS and Wipro shall react to the Q3 earnings reported on Wednesday after market hours this morning.
 "Stocks to Watch: Infosys, TCS, Wipro, EaseMyTrip, Dixon, RITES, Voda Idea")
Sensex jumps 533pts; Nifty ends above 18,200 led by RIL, Infy, Airtel
The BSE Midcap and Smallcap indices gained 1 per cent and 0.7 per cent, respectively. Telecom stocks logged smart gains after telcos pitched for 90-95 per cent cut in 5G spectrum auction prices
 "Sensex jumps 533pts; Nifty ends above 18,200 led by RIL, Infy, Airtel")
Stocks to Watch: Delta Corp, L&T, HCC, Anupam Rasayan, Voda Idea, IT shares
Delta Corp will be in focus ahead of its Q3 earnings, the stock is also in F&O ban. HCC may come under pressure owing to debt default.
 "Stocks to Watch: Delta Corp, L&T, HCC, Anupam Rasayan, Voda Idea, IT shares")
TCS gains 3%, nears record high as board to consider buyback on Wednesday
The stock was up 3% at Rs 3,979.90, trading close to its record high level of Rs 3,990 touched on October 8, 2021.
 "TCS gains 3%, nears record high as board to consider buyback on Wednesday")
Stocks to Watch: TCS, Bajaj Hind, JSW Steel, Yes Bank, Dish Tv, Airlines
TCS likely to be in limelight ahead of Q3 results, share buyback plan; Airline shares may also be in focus amid slump in demand.
IT index slips 4% in 2 days on profit booking following a strong 10% rally
The October-December (Q3) quarter is expected to be another strong quarter for IT companies after strong performance witnessed in Q2FY22.
 "IT index slips 4% in 2 days on profit booking following a strong 10% rally")
Infy, TCS, Coforge: IT stocks could be the best bets this earnings season
The major IT stocks like Infosys, LTI, Coforge continue to absorb selling pressure at the counters
 "Infy, TCS, Coforge: IT stocks could be the best bets this earnings season")
Stocks to Watch: RIL, Tata Motors, Maruti, NCC, Marico, Hind Zinc, IT stks
Auto majors Maruti and Tata Motors are likely to be in focus today, the former for registering highest exports in a calendar year, and the latter for becoming the second largest PV seller in India.
TCS gains 4% in three days, hits 13-week high; stock nears record high
In the past three months, TCS (up 2.5 per cent) has underperformed its peers Infosys (up 14 per cent), Wipro (13 per cent) and Tech Mahindra (30 per cent) by a wide margin.
 "TCS gains 4% in three days, hits 13-week high; stock nears record high")
Market wrap: Sensex, Nifty end flat; BSE IT index hits all-time high
Reliance, Tata Steel decline; NTPC gains 3% on plans to sell stake in newly formed renewable energy arm
 "Market wrap: Sensex, Nifty end flat; BSE IT index hits all-time high")
BSE IT index at an all-time high, up 10% in Dec on hopes of strong Q3 show
IT stocks were in demand on hopes of strong Q3 earnings post Accenture performance. 63 Moons has zoomed 117% this month, while stocks like CyberTech, Brightcom and D-Link have soared over 30% so far
 "BSE IT index at an all-time high, up 10% in Dec on hopes of strong Q3 show")
KPIT Technologies nearly doubles in 2 months on strong earnings outlook
The management had said the company is witnessing a robust demand environment resulting in strong order inflow and pipeline
 "KPIT Technologies nearly doubles in 2 months on strong earnings outlook")
IT, energy stocks boost Indian shares as global risk mood lightens
IT and energy firms drove Indian shares higher, tracking upbeat global risk sentiment in the absence of major domestic triggers
 "IT, energy stocks boost Indian shares as global risk mood lightens")
Tech Mahindra gains 4% to hit new all-time high; zooms 84% thus far in 2021
In the past one week, the stock rallied 12 per cent when compared with a 2.8 per cent rise in the S&P BSE Sensex
Shares of this IT Company has zoomed 87% thus far in December
Shares of Ceinsys Tech were locked in the 20 per cent upper circuit for the second straight day, at Rs 253.25, hitting a record high on the BSE in Friday's trade
HCL Technologies surges 5% amid block deal buzz, stock hits a 10-week high
Till 09:26 am; around 8.15 million equity shares or 0.30 per cent stake of the company had changed hands on the NSE, the exchange data showed
 "HCL Technologies surges 5% amid block deal buzz, stock hits a 10-week high")
Infosys hits new all-time high, stock up for third straight trading session
In the past six trading days, Infosys has gained 7 per cent after Accenture reported strong results for the quarter ended November (Q1FY22) and also gave a strong FY22 outlook
 "Infosys hits new all-time high, stock up for third straight trading session")
