GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Tata Consultancy Services (TCS) on Friday dropped 1% to Rs 3,212.10 on the BSE after the IT major reported a weaker-than-expected Q4 performance. Consolidated net profit for Q4FY25 declined 1.7% year-on-year to Rs 12,224 crore, falling short of the analysts’ estimate of Rs 12,650 crore. In the year-ago quarter, the net profit was Rs 12,434 crore. Revenue from operations rose 5.3% YoY to Rs 64,479 crore, also missing the ET NOW poll estimate of Rs 64,856 crore. Should you buy, sell, or hold TCS' stock? Here's what analysts say: Centrum Centrum upgraded TCS to ‘Buy’ with a revised target price of Rs 4,211 (down from Rs 4,589), valuing the stock at 25x FY27E EPS. While it flagged muted near-term demand due to macro and geopolitical uncertainties and slower client decision-making, it pointed to strong GenAI deal momentum as a key positive. Centrum sees margin tailwinds from better utilisation, pyramid optimisation, automatio...

[hfe_template id='11223'] [ad_1] India’s tech titans, once the darlings of Dalal Street, are now limping into the Q4 results season bruised, battered, and bracing for more pain. With the Nifty IT index already down almost 30% from its peak, the sector is knee-deep in a bear market. And the bears are only getting hungrier. The March quarter results season begins today with Tata Consultancy Services (TCS) kicking things off, but the prelude to the earnings symphony has been anything but melodious, thanks to Trump’s tariff tantrums. Brokerages have gone on a downgrade spree, slashing target prices, cutting revenue estimates, and issuing cautious guidance—a loud signal that Q4 will likely be marred by seasonal weakness, a gloomy Europe, and growing clouds over US demand. “We expect largecaps to have a subdued quarter with all companies likely posting a sequential drop in revenues,” Nomura said, adding that it expects QoQ (quarter-on-quarter) constant currency revenue decline...

[hfe_template id='11223'] [ad_1] Last week, benchmark indices Sensex and Nifty 50 dropped 2.6% each, with the Nifty closing at 22,904—slipping below the 23,000 mark amid a global sell-off triggered by US President Trump’s tariff measures and renewed fears of an economic slowdown. The broader markets also came under pressure, as the Nifty Midcap100 and Nifty Smallcap100 declined by 2% and 2.6%, respectively. IT stocks led the decline, plunging 9% on concerns of reduced US tech spending, while the Nifty Metal index tumbled 7.5% on fears of global trade disruptions. The auto and pharma sectors also registered losses of 3% each. “Nifty broke below the crucial support of 23,141 and went down to as low as 22,857. From the recent swing high of 23,869, Nifty has registered a fall of more than 1,000 points. The next support for Nifty is seen near 22,700, where the 61.8% retracement of the entire rally from 21,964 to 23,869 is placed. On the higher side, the previous support of 23...