2025-05-19Niranjan Ghatule
Indian IT stocks fell after Moody's downgraded the US credit rating, raising concerns over rising debt and fiscal instability. With over 60% of revenue coming from the US, companies like TCS, Infosys, and Wipro saw declines. Here's how the downgrade impacted key Indian IT stocks.
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2025-05-12Niranjan Ghatule
Nifty IT index surged over 7% intraday as the US and China signed a major trade deal in Geneva, cutting tariffs significantly and easing recession fears. With over 60% of Indian IT revenue coming from the US, the deal brought a strong rally across IT stocks. Major gainers included Infosys, TCS, HCLTech, and Coforge, while Nasdaq futures also rose 4% on positive global sentiment.
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2025-04-16Niranjan Ghatule
Wipro reports ₹13,218 crore net profit for FY25 with 19% YoY growth. Q4 FY25 profit rises to ₹3,588 crore. Get full details on consolidated revenue, segment performance, and earning
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2025-04-09Niranjan Ghatule
Jefferies has revised its ratings and price targets for key Indian IT stocks, upgrading Infosys, Coforge, and Sagility to 'Buy' while downgrading HCLTech and TCS to 'Hold'. This article analyzes the brokerage's latest recommendations, explores the potential upsides and downsides, and provides insights into which IT companies may offer strong investment opportunities in the current environment
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2025-03-28Niranjan Ghatule
This article discusses Goldman Sachs' latest downgrade of the Indian IT sector due to growing macroeconomic uncertainties, particularly in the US. The firm has sharply cut its FY26E revenue growth forecast for Indian IT services to 4% YoY, citing slower US GDP growth and rising recession risks.
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2025-03-20Niranjan Ghatule
This article covers the recent decline in Infosys and Wipro ADRs following Accenture's weak Q2 FY25 earnings. It explains the business model relationship between Accenture and Indian IT companies, highlighting how Accenture’s performance serves as a leading indicator for the sector.
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