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Sensex up 0.9%; Infosys hits all-time high

by free stock tips on July 12, 2010

in Nifty,Sensex

The Sensex climbed to their highest in more than three months on Monday, with Infosys Technologies racing to an all-time high for the second session ahead of its earnings. Firmer Asian markets, expectations for robust factory output growth due around 11 a.m. and hopes for upbeat quarterly earnings bolstered investor confidence. “There is good momentum [...]

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Robust US sales likely to boost revenues at IT firms

by free stock tips on July 9, 2010

in Stock-News

Higher wages, lower returns from Europe seen putting pressure on profits, according to a poll of 10 brokerages Increasing US sales are likely to boost revenues of software exporters as they begin reporting financial results for the June quarter, but higher wages and lower returns from Europe will put profits under pressure. Indian information technology [...]

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Infosys –Buy- Prabhudas Lilladher

by free stock tips Broker tips

The Infosys management was optimistic about the improved demand environment. We believe that Infosys would continue to outperform its peers in the improved demand environment. According to the management, IT budget is expected to be flat with a positive bias. The management, though, was positively surprised by the final outcome of the IT budget since [...]

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Infosys -Accumulate- Angel Broking

by free stock tips Broker tips

Infosys Technologies, Cognizant Technology Solutions and UST Global have bagged multi-yearcontracts worth over $600 million (around Rs2,750 crore) from Wal-Mart. With this,the three companies have entered Wal-Mart’s list of preferred vendors. The amount is roughly equivalent to the value of goods — textiles, handicrafts and other products — that the world’s largest retailer sources from [...]

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Markets extend losses to 2%; banks lead fall

by admin Nifty

Indian shares extended losses to 2% on Thursday afternoon, with banks leading the fall. “Trade will be lacklustre until the second half when we will see more action as derivatives contracts expire today,” said Vaibhav Sanghavi, director of Ambit Capital. Reliance Industries, which has the most weight in the index, slipped 0.3% to 1,093.45 rupees [...]

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Sell Satyam – Accumulate Infosys: Edelweiss

by free stock tips Broker tips

Infosys: Edelweiss has maintained its Accumulate rating on Infosys Technologies. A report released on December 10 said: “We recently met Infosys Technologies’ (Infosys) management. ‘The leaders will pull away further amidst this turbulence. It’s now become a zero-sum game of relative performance and not an absolute one- – these two statements constitute the crux of [...]

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Top 10 firms gain Rs 53, 000 cr last week

by free stock tips Stock-News

Mukesh Ambani-led RIL saw its market capitalisation rising to Rs2, 05, 568 crore at the end of Friday’s trade against a valuation of Rs1, 76, 044 crore a week ago The recovery on bourses last week has added over Rs 52, 600 crore to market valuations of country’s 10 most valued firms, with Reliance Industries [...]

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Result Analysis: Infosys Technologies

by free stock tips Long Term

Infosys Technologies has recorded an impressive growth in topline during the recently concluded quarter due to rupee depreciation. However, in dollar terms, sequential growth in topline stood at a mere 1.1%.EBITDA margins dipped 207bp q-o-q on account of the salary hikes carried out in April and higher visa costs. Nonetheless, the rupee depreciation witnessed during [...]

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Indiabulls Securities downgrades Infosys to HOLD

by free stock tips Broker tips

Indiabulls Securities Infosys top line grew a modest 6.3% q-o-q to 45.4 billion, driven by a moderate increase in volumes. Due to the slowdown in the US economy, the Company might face problems in the near term, as several clients are delaying their budgets.However, it has not seen any order cancellation and clients look likely [...]

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