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Apurva Prasad, VP-Institutional Equity Research, HDFC Securities, says “what is important is some line of path in terms of the operational performance. Most of the companies, including the larger ones, have real prospects of margin improvement. Many of them have held onto margins despite losing the revenue, companies that have lost 10%, 12%, a quarterly run rate basis, they managed to hold on for different set of reasons. But the fact is with some growth that is expected to normalize, prospects on margins continue to look fairly good.” You belong to the bull case but I want to understand that in the last two months, from the peak of pessimism, the IT pack in various proportions, depending on which stock we are talking about, has moved up. How much of the positivity in your view or improved outlook is in the price and do you see more discounting going forward? Apurva Prasad: I think a lot of it is in the price, especially the last few months with the multiples, the rate at which it has gone up, means PE multiples are up almost 20-25%.

BSE benchmark jumped 542.3 points or 0.75 per cent, and the Nifty 50 climbed 183.75 points or 0.84 per cent. Nifty 50 is now just 100 points away from crossing another milestone of 22,000. The IT index jumped 5.14 per cent, logging its best session since October 8, 2020, to hit a 21-month high.

BSE Sensex hit its fresh all-time high of 72,720.96 in the previous session and achieved weekly gain of 0.8 per cent, driven by a sharp rally of information technology (IT) stocks over robust quarterly results. A strengthening rupee and hectic buying on tech, realty and oil counters amid a mixed trend in global markets further bolstered sentiment, according to traders. On the stock-specific front, Wardwizard Innovations, Network18 Media, Suven Life Sciences, Easy Trip Planners, DB Realty, MRPL, Trident, Olectra Greentech, Dish TV, Suzlon Energy, Thomas Cook India, Man Industries, Karnataka Bank, PNB Gilts, and others are among the smallcaps that logged a double-digit rise in their share prices last week.

Amazon rainforest has revealed evidence it was once a large-scale hub of interconnected cities that date back more than 2,500 years.The findings were published Thursday in the journal Science and detail the researchers’ work in mapping the network of settlements, which may be the earliest example of urbanism ever documented in the Amazon.“It was a lost valley of cities,” said Stéphen Rostain, first author of the study and a director of France’s National Center for Scientific Research. “It’s incredible.”The team of researchers identified at least 15 distinct settlements connected by a network of roads that stretched 10 to 20 kilometres.

Maldives President Mohamed Muizzu said on Saturday that China, largest external creditor to the country, has agreed to consider restructuring the repayment of loans taken by his country and the governments will initiate negotiations soon. He told the media in Male after his return from a five-day high-profile state visit to China that he has directly appealed to Chinese President Xi Jinping to restructure the loans provided to the Maldives. He said that the loans were direct loans and that a technical team from China's Finance Ministry will travel to Maldives soon «to research and decide the way to offer a grace period in loan repayments over next five years, Maldives news portal Sun online reported.

classical singer and Padma Vibhushan recipient Dr Prabha Atre passed away following a cardiac arrest at her residence here at the age of 92 early on Saturday, sources close to her said. Atre, a torch-bearer of the Kirana Gharana of Hindustani classical music, had been honoured with all three Padma awards by the Indian government. «Atre suffered a cardiac arrest during her sleep at her residence.

BSE Midcap and Smallcap indices have jumped 21 per cent each. Some small-cap stocks such as Gallantt Ispat, GTL Infrastructure, Kesoram Industries, Inox Green, Wockhardt, Praveg, Inox Wind and Navkar Corporation have jumped over 100 per cent since November. In the midcap space, stocks such as HPCL, Power Fin Corp, BHEL, GlaxoSmithKline Pharmaceuticals, IRFC, YES Bank, New India Assurance Company, GMR Airports and Macrotech Developers have jumped over 50 per cent each in the same period.

financial scams and recognizing warning signs can empower you to make informed choices and safeguard your financial well-being. Always remember that taking a careful and diligent approach is crucial in navigating the financial landscape and avoiding falling prey to deceptive schemes. The Indian market, marked by its dynamism, presents a spectrum of opportunities, but the journey demands a strategic approach.

investing lessons include: “The best we can do is a compromise: Learn to recognise situations in which mistakes are likely and try harder to avoid significant mistakes when the stakes are high." This statement encapsulates the essence of navigating life with an acknowledgment of both our cognitive strengths and limitations. Recognising that errors are an inherent part of the human experience marks a crucial initial stride toward becoming a more insightful and efficient individual.

Republic Day parade from the Indian Army including the LCH Prachand chopper, Pinaka multi-barrel rocket launchers and Nag anti-tank missiles. The LCH Prachand is the first indigenous Multi-Role Combat Helicopter designed and manufactured by HAL. It has potent ground attack and aerial combat capability.

Chief Justice John G. Roberts Jr. recently addressed the rapidly evolving landscape of artificial intelligence (AI) in the legal profession. In his end-of-year report, Roberts touched upon the history of technology in the Supreme Court and its potential future intertwined with AI​​. This discussion comes at a crucial time when AI is increasingly becoming a staple in various professional fields, including law.

In the year 2023, the proliferation of sophisticated phishing schemes has had a profound influence on the landscape of the bitcoin industry. The 2023 Wallet Drainers Report published by Scam Sniffer sheds light on the worrisome pace at which these scams have begun to spread, resulting in significant financial losses and victimizing a large number of people.

NASA and aerospace major Lockheed Martin have formally debuted X-59 quiet supersonic aircraft, paving the way for a new generation of commercial aircraft that can travel faster than the speed of sound. The X-59 is at the centre of NASA's Quesst mission, which focuses on providing data to help regulators reconsider rules that prohibit commercial supersonic flight over land.

companies soared on Friday, emerging as some of the biggest gainers in the day's trading, as investors were relieved that December quarter earnings of the sector giants-TCS and Infosys-and their management commentaries were not as gloomy as they were expecting. Infosys shares surged 8.08% to close at Rs 1,615 on Friday and TCS shares gained 3.92% to close at Rs 3,881.90. Wipro advanced almost 4%, while Tech Mahindra, HCL Tech and LTI Mindtree gained between 4.5% and 5% each. «Both TCS and Infosys have reported marginally better earnings compared to the muted investor expectations which has led to the rally,» said Sumit Pokharna, VP and IT analyst, Kotak Securities.

HCLTech, India's third-largest software exporter, bucked the prevailing trend of tepid growth in the $245-billion IT services industry to post better-than-expected numbers in the third quarter of the current financial year. Its net profit rose 6.2% on year to Rs 4,350 crore for the October-December 2023 period, while revenues rose 6.5% to Rs 28,446 crore. Meanwhile, Wipro — the fourth in the quartet of India's top IT firms — reported a steep 12% year-on-year fall in profits and a 4.4% dip in revenue in what is traditionally viewed as a slow quarter for the technology industry.

₹10,000 smartphones category, where fewer players are operating. Additionally, it has launched 5G smartphones under ₹15,000. “The company is committed to democratizing 5G technology in India, recognize that 5G products are the choice of people.

America’s youngest students entered school this year with weaker math and reading skills, compared with before the pandemic, according to new data that is surprising some educators. In kindergarten, students tested in 2023 were about 2 percentage points less likely to begin school at grade level in both math and reading, compared with 2019, data compiled by the testing company Curriculum Associates show. Scores also remained below prepandemic levels in the first and second grades.

“Hy-Box technology is an outcome of extensive research and development pursuits based on reliable scientific analysis and study, which has the potential to accelerate the pace of offering a clean and sustainable alternative to conventional fossil fuels,” said Gaurav Tiwari Tony, who has not only worked on Liquefied Natural Gas (LNG) projects but has also built a Floating Storage Regasification Unit (FSRU)-based LNG terminal. FSRU is a floating vessel that can transport, store, and re-gasify Liquefied Natural Gas (LNG) on-board. He revealed that the new Hy-Box Technology is purely a thermal heat technology where a 200-degree hard rock is used to generate steam in a closed loop, which is then directed to propel turbines to generate green power.

outdoor humidity and temperature levels during pregnancy are associated with blood pressure changes in the children, new study has found. An international team of researchers found that exposure to higher relative humidity while being pregnant was linked to a steeper increase in blood pressure in childhood, whereas being exposed to higher temperatures during pregnancy was linked to a slower increase in blood pressure in childhood (age 3-10 years).

On the BSE, Intnl Travel(down 9.99 per cent), DAPS Advertising(down 9.99 per cent), Virtuoso Optoelectro(down 9.96 per cent), Sadhna Broadcast(down 9.91 per cent) and Ramchandra Leasing(down 9.62 per cent) stood among the top losers in today's trade. In the Nifty pack, 31 stocks closed in the green, while 19 stocks ended in the red.

HDFC Flexi Cap Mutual Fund, one of the oldest running MF schemes in India, has grown nearly 150 times in over 29 years to deliver a staggering return of 18.87% CAGR during the period. An SIP of Rs 10,000 invested since inception on January 1, 1995, systematically on the first business day of every month (total investment Rs 34.8 lakh) in the fund would have grown to Rs 16.5 crore by December 31, 2023. Such performance is a testament to the fund's ability to navigate market fluctuations and deliver steady growth to investors, the AMC said. HDFC Flexi Cap Fund is an open-ended dynamic equity scheme investing across largecap, midcap and smallcap stocks.