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BNP Paribas highlights growth potential in India's IT sector amid US easing

BNP Paribas identifies India's IT sector as a key growth area amid the US monetary easing cycle, highlighting the positive impact of dollar strength and consumer trends. The firm favors Infosys and Tata Consultancy Services, citing strong growth potential and favorable valuations, despite some risks from tariffs and inflation.

ubs predicts growth for infosys as new deals rise significantly

UBS has identified potential growth in Infosys stock, attributing this optimism to a significant 60% quarter-over-quarter increase in net new deals. This surge suggests a strong performance outlook for the company in the near future.

ubs maintains buy rating on infosys as new deals surge 60 percent

UBS has reaffirmed a Buy rating for Infosys with a price target of INR2,250, citing a 60% quarter-over-quarter surge in net new deals and a stable gross profit margin of 29.5%. The company is expected to benefit from a recovery in the BFSI sector and increased discretionary spending, with a robust deal pipeline supporting its positive outlook. Other analysts, including BofA Securities and Jefferies, have also maintained or upgraded their ratings, reflecting strong performance in the third quarter.

ubs maintains buy rating and price target for infosys ltd

UBS analyst Shaleen Kumar has reaffirmed a Buy rating for Infosys Ltd. (INFO:IN) with a price target of INR2,250.00. This endorsement highlights the firm's confidence in Infosys' market position and growth potential.

debate intensifies over h-1b visa program amid economic concerns and criticism

A fierce debate over the H-1B visa program has erupted among Trump allies, with figures like Elon Musk advocating for its necessity in tech, while Steve Bannon and others criticize it as a means of cheap labor undermining American workers. The program, which allows U.S. companies to hire skilled foreign workers, has seen renewed scrutiny amid economic concerns and layoffs in the tech sector. As Trump shifts his stance to support the program, tensions rise between his MAGA base and the tech elite he needs for job creation.

sensex faces historical declines during kumbh mela festivals over two decades

The Sensex has consistently posted negative returns during the Kumbh Mela festivals over the past two decades, with an average loss of 3.42%. Historical data shows that the highest decline occurred between July and September 2015, when it fell by 8.29%. This trend may be influenced by cultural shifts and investor behavior during the pilgrimage period.

stock market crash sensex and nifty decline as rupee hits record low

The stock market experienced a significant crash on January 13, with the BSE Sensex dropping 677.22 points to 76,701.69 and the NSE Nifty falling 212.90 points to 23,218.60. The rupee also hit an all-time low of 86.3537 per dollar, influenced by a rally in the US dollar due to positive jobs data. Among the hardest-hit stocks were Zomato Ltd, Mahindra & Mahindra Ltd, and Power Grid Corporation of India Ltd, while only IndusInd Bank Ltd and Axis Bank Ltd managed to gain.

ubs maintains buy rating on tcs despite weak third quarter performance

UBS has lowered its price target for Tata Consultancy Services (TCS) to INR 4,750 from INR 4,850 while maintaining a Buy rating, citing a 9% decline in TCS shares amid a weak third-quarter performance. Despite this, the management's positive outlook and a significant total contract value of $10.2 billion suggest potential growth ahead, particularly as the BSNL deal tapers off. UBS anticipates margin expansion and similar earnings growth to peers Infosys and HCL Tech, bolstered by a special dividend of Rs 76 expected in February.

Sensex plunges nearly 1000 points amid trade deficit and Fed meeting concerns

The S&P BSE Sensex plummeted nearly 1,000 points, hitting an intra-day low of 80,941.61, amid investor caution ahead of the US Federal Reserve's upcoming meeting. Key factors included a widening trade deficit of $37.8 billion and poor performance from heavyweight stocks like Reliance Industries and HDFC Bank. Despite the overall decline, midcap and smallcap stocks showed slightly better resilience, with only minor losses.

Brokerage Updates IndusInd Target Price and Upgrades Indian Oil to Buy

UBS has downgraded its target price for IndusInd Bank to ₹1,150 from ₹1,350, reflecting a neutral stance and a 5% cut in EPS for FY25/26. Similarly, Axis Bank and AU Small Finance Bank also saw target reductions. HDFC Bank, ICICI Bank, and Federal Bank remain top picks amid rising non-performing loan risks.Citi maintains a neutral call on Infosys with a target of ₹1,965, noting improvements in discretionary spending, particularly in the US financial services sector. Goldman Sachs favors Syngene and Neuland in the pharma sector while expressing caution on Divi’s, Gland, and Laurus.
03:43 13.12.2024

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