Technology stocks have caught the Street’s fancy over the past one year with the rupee ceding ground, even as heavyweights TCS and Infosys have bagged large deals. While the Nifty IT index has gone up by 5% (as of November 11), the stocks of TCS and Infosys have spiked by 41% and 43%. HCL Technologies, however, has been playing catch up, with the stock gaining just 17%, owing to relatively subdued operational performance over the past two quarters. While HCL’s revenue grew by 14% (yoy) in June 2018 and 2% in March 2018, TCS revenue was up 16% and 8%, while Infosys’ revenue grew 12% and 5.63% over the same period.
On a roll
Shiv Nadar-owned entity buys over a million shares from the open market amid robust Q2 revenue growth
Summer wine and salad
Kishore Singh - January 19, 2015
The million-dollar question: Is investing a game of luck or skill?
Shankar Sharma - May 04, 2021
Every crisis is an opportunity, if you are on the right side of equities
Samir Arora - May 04, 2021
Viraj Mehta trusts the toughness and bounce of a company that has seen many trials
Viraj Mehta - May 04, 2021
Safir Anand spots a mid-sized company with the right chemistry and catalytic circumstances
Safir Anand - May 07, 2021