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The IT stack kicks off the December quarter earnings season with Tata Consultancy Companies (TCS) and Infosys asserting their outcomes on January 11. December is a seasonally weak quarter for IT majors as a consequence of increased furloughs, and analysts anticipate a possible impression of postponed wage hikes on margins.
Additionally learn: Nifty Financial institution Outlook: Dragonfly Doji on weekly chart sends bullish sign; all eyes on ICICI, Axis, SBI, PNB
HCL Tech, Wipro, HDFC Life among the many different names to be careful for. This is the way it stacks up from Monday.
January 8: SG Mart, IEL Ltd, Spectrum Meals, Franklin Industries, and GDL Leasing and Finance will announce their third-quarter outcomes.
January 9: Delta Corp, Bajel Tasks, Customary Capital Markets, Ashapuri Gold Decoration, Reliance Dwelling Finance, Cropster Agro, and Betala World Securities.
January 10: Tine Agro, Sunita Instruments, SPS Finquest, UH Zaveri, Martin Burn, 7NR Retail, Vandana Knitwear, Orosil Smiths India, Viij Finance, and Company Service provider Bankers.
January 11: Tata Consultancy Companies, Infosys, HDFC AMC, GTPL Hathway, 5Paisa Capital, Rajoo Engineers, AGI Infra, Plastiblends India, Kenvi Jewels, Gujarat Accommodations, Vijay Textiles, Shekhawati PolyYarn, Quasar India, and Mercury Commerce Hyperlink will report their outcomes.
January 12: HCL Tech, Wipro, HDFC Life Insurance coverage, Anand Rathi Wealth, JTL Industries, Tata Metaliks, Bharat Bijlee, Hello-Tech Pipes, Aditya Birla Cash, Artson Engineering, Worldwide Journey Home, LKP Finance, Amal Ltd.
January 13: Avenue Supermarts (DMart), Wardwizard Improvements and Mobility, Justride Enterprises, MRP Agro, Confidence Finance, and Buying and selling amongst others will announce their outcomes on January 13.
Nuvama Institutional Equities expects most know-how corporations to retain their FY24 steering. Focus, it mentioned, will now shift from FY24 to FY25/26, with a eager curiosity in how consumer budgets are shaping up for 2024, particularly after latest US Fed commentary. Nuvama income development to be between -4 per cent and 4 per cent for many corporations in Q3.
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