HDFC and HUL are the latest entrants in the club
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India's export-oriented information technology outsourcing industry is perhaps more optimistic today about growth prospects than it was in the past five years.
Indian names that figure on the list, but lower down the pecking order include Tatat (101). Airtel (rank: 252), Infosys (287), Life Insurance Corporation of India (292), State Bank of India (334), HCL (390), Indian Oil (427), Reliance (445) and Larsen & Toubro (464).
The December quarter, generally a soft one for India's IT sector due to holidays and furloughs in certain sectors, is expected to be further affected because of currency volatility.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Bloomberg estimates revenue at Rs 25,328 crore, up 4.6per cent sequentially and EBITDA margin of 27.2per cent
They need to upgrade their skills and become smaller, smarter organisations, says Devangshu Datta.
HR experts estimate that up to 70 per cent companies in the manufacturing and services space including sectors like auto components, edutech and construction equipment are looking to restore the salary cuts over the next couple of months.
Given their growth prospects and reasonable valuations, Mindtree, Hexaware and NIIT remain top picks of most analysts.
Combined net profit up 7.4% over a year ago, versus 11.2% in Q2.
'Kindly advise about the following stocks. Can I hold or exit?'
Corporate India's earnings in the past two quarters were largely driven by the rupee's sharp fall versus the dollar in the second quarter of this financial year.
A 150 basis points fall in realisations too weighed on the top-line.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
Why hasn't India produced a single earth-shaking idea like Python or the World Wide Web, asks Ajit Balakrishnan.
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
Tatas' brand value grows 12% in the past year, far ahead of Reliance and Airtel.
While recruitment is falling, the capabilities needed to land an IT job are stiffening.
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While cost pressures could partly offset the expected gains, given the currency hedging by companies the gains will not accrue immediately.
Analysts factor in 200-300-bps impact on sales in FY16
Sensex closed over 118 points down on Thursday.
Nadar and his family donated Rs 826 crore, while Azim Premji gave Rs 453 crore and Ambani parted with Rs 402 crore, according to the Edelgive Hurun India Philanthropy List 2019.
The BSE Midcap and the BSE Smallcap indices pared all intraday gains to end 0.3% and 0.5% lower
It goes without saying that the best performers are in the private sector, says TN Ninan.
IT stocks saw massive selling pressure on Monday, falling as much as 6 per cent, after the rupee surged to 58.37 against the US dollar intra-day.
'Cognizant's results indicate that digital related spends can more than offset headwinds in traditional services'
Stocks of companies having operations and exports to Europe were the top losers.
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
The recovery was led by information technology exporters.
Making employers provide creche facilities would be a powerful incentive for women to stay on in the workforce rather than drop out owing to the pressure of child care, says Shuma Raha.
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
IT services firm Tech Mahindra on Thursday posted a 57.6 per cent growth in consolidated net profit at Rs 718.4 crore (Rs 7.18 billion) for the second quarter ended September 30, aided by growth across verticals especially retail, travel and logistics and uptick in demand from Europe.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Congruence on terrorism, current disquiet on immigration, short-term visa would top the wish list.
Mid- and small-cap companies seem to have done better than top-tier companies
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
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