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HCL Tech Sees 2Q Rev Growth Over 3.5 Q q in Constant Currency

HCL Tech Sees 2Q Rev Growth Over 3.5% Q/q in Constant Currency. Revenue growth to be a result of "broad-based momentum across all service lines, verticals and geographies," HCL Technologies Ltd. says in a statement to exchanges. Company Says EBIT margin for the current quarter is expected to be between 20.5% and 21%. "Good Booking momentum continues this quarter, led by Life Sciences & Healthcare, Telecom & Media and Financial Services verticals," HCL Tech says. "The pipeline continues to look healthy across service lines, verticals and geographies," according to the statement.TCS became the second Indian firm to attain a market valuation of over Rs 9 lakh crore after Reliance Industries. The NiftyIT Index gained today more than 4% as companies present strong quarterly results & projections. #MOMarketUpdates #MotilalOswal #NiftyIT #Indianstockmarket #Itcompanies #HCL #TCS #NSE #BSE #Infosys

Posted on : 14 Sep 2020 6:08 PM
Share of domestic consumer durable and electronics companies Dixon Tech and Amber Enterprises surged to record high today on...

Share of domestic consumer durable and electronics companies Dixon Tech and Amber Enterprises surged to record high today on account of gaining benefit by the government to encourage production in the local players. Amber is one of India’s largest contract manufacturers of air-conditioners and spares for top global brands such as LG, Daikin, Blue Star, Panasonic, CarrierMidea and Hitachi. Dixon Technologies, which makes consumer electronics, home appliances and mobile phones, has seen its shares jumped 300% from the recent low to record high of above 9500mark. Expects positive for other Indian players like IFB Industries. #MOMarketUpdates #MotilalOswal #indianstockmarket #consumerdurable #BSE #NSE #nifty #sensex

Posted on : 08 Sep 2020 5:29 PM
1 Increase in Silver price will be positive for the Silver mining companies on account of large silver mining

1) Increase in Silver price will be positive for the Silver mining companies on account of large silver mining.2) The Reserve Bank of India (RBI) on Thursday relaxed gold lending norms, allowing lenders to give up to 90% of the value of the gold pledged as loans. Currently, banks can lend up to 75% of the value of gold jewellery and ornaments. This will provide better liquidity to cash-strapped borrowers opting for gold loans. The relaxation in LTV will be available till 31st March 2021. #MOMarketUpdates #gold #MotilalOswal #HindustanZinc #Indianstockmarket #Nifty #sensex #Commodities #Silver

Posted on : 06 Aug 2020 5:47 PM
Expect positive for gold finance stocks as gold price spiked to nearly 1950 ounce recovered from the low of 1900 ounce lev...

Expect positive for gold finance stocks as gold price spiked to nearly $1950/ounce recovered from the low of $1900/ounce levels. Gold is facing rising pressure and might hit around $3,000 over an 18-month period eventually, says Bank of America Securities’ Francisco Blanch. #MOMarketUpdates #MotilalOswal #indianstockmarket #gold #finance #BSE #NSE #MCX

Posted on : 11 Sep 2020 5:18 PM
The government may gradually resume running Trains for long distance

The government may gradually resume running Trains for long-distance. The Metro services will restart from today in a graded manner in Delhi, Chennai, Bengaluru, Ahmedabad, Hyderabad and Lucknow. #MOMarketUpdates #Indianstockmarket #MotilalOswal #nifty #Sensex #BSE #NSE

Posted on : 07 Sep 2020 5:05 PM
In a regulatory filing today, the State Bank of India said it has sold Rs 4,000 crore of the Basel compliant Additional Tier...

In a regulatory filing today, the State Bank of India said it has sold Rs 4,000 crore of the Basel compliant Additional Tier 1 (AT1) bonds at a coupon rate of 7.74%. #MOMarketUpdates #Indianstockmarket #MotilalOswal #statebankofIndia #SBI #Sensex #nifty

Posted on : 10 Sep 2020 6:12 PM
Defence oriented stocks are reacting to Defence Minister Rajnath Singh s tweets on Sunday where an embargo was imposed on th...

Defence-oriented stocks are reacting to Defence Minister Rajnath Singh's tweets on Sunday where an embargo was imposed on the imports of 101 defence items. The Ministry of Defence has prepared the list of those items. Contracts worth nearly 4 lakh crore will be placed upon the domestic industry within the next six to seven years. The list includes Wheeled Armoured Fighting Vehicles (AFVs) with indicative import embargo date of December 2021, of which the army is expected to contract nearly 200 of them at the cost of over Rs 5,000 crore. The embargo on imports is planned to be progressively implemented between 2020 and 2024. #MOMarketUpdates #DefenceStocks #indianstockmarket #Nifty #sensex #bse #NSE #MotilalOswal

Posted on : 10 Aug 2020 5:31 PM
Reliance Industries Private equity player Silver Lake will be investing Rs 7,500 crore into Reliance Retail, a subsidiary ...

Reliance Industries - Private equity player Silver Lake will be investing Rs 7,500 crore into Reliance Retail, a subsidiary of the company of 1.75% stake. The investment values Reliance Retail at a pre-money equity value of Rs 4.21lakh crore. KKR & Co. is in advanced talks to invest at least $1 billion in the retail business.Brent Crude- Brent crude break below $40 a barrel follows two months of the global oil benchmark holding mainly between $42 and $45 a barrel. The coronavirus pandemic is still raging and Bank of America Merrill Lynch said it would take three years for global oil demand to recover from Covid-19. The market expectation that the weak global economy may slow down oil demand. #MOMarketUpdates #MotilalOswal #reliance #IndianStockMarket #NSE #BSE #crudeoil

Posted on : 09 Sep 2020 5:26 PM
Cable and wire companies stocks are witnessing fresh buying after the media news that the companies may further hike price b...

Cable and wire companies stocks are witnessing fresh buying after the media news that the companies may further hike price by 4-5% on account of rising raw material price. It will be third time by the company to hike price. Expects positive for Polycab, Finolex Cable, KEI Industries and Havell’s India. #MOMarketUpdates #Indianstockmarket #MotilalOswal #Polycab #Havells #FinolexCables #Sensex #Nifty #digitization

Posted on : 07 Aug 2020 5:21 PM

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