New Delhi [India], January 18: Nettlinx Ltd. (BSE: 511658), Nettlinx provides a comprehensive suite of network solutions, including Internet services, Network Management, Data Center and Co-Location Services and Enterprise Mailing Solutions. Its primary revenue comes from business IT service
IT services and consultancy firm Wipro on Friday reported a 24.66 per cent rise in net profits in the just-concluded October-December quarter. The profits were Rs 3,364 crore during the quarter, as against Rs 2,700 crore in the year-ago period.
Tech Mahindra on Friday reported that its consolidated net profit during the October-December quarter rose 92.6 per cent to Rs 983 crore. In the same quarter of last fiscal, the company reported net profit worth Rs 510 crore.
Domestic stock markets on Tuesday ended on a positive note, recovering from seven-month lows hit in the last trading session due to a decline in the rupee and investors worries over the earnings of domestic companies.
According to the earnings data released Saturday, the retailer's consolidated net profit rose 4.9 per cent to Rs 724 crore. In the same quarter of last year, the net profit was Rs 690 crore.
Indian stock markets are expected to remain sensitive to the market triggers such as corporate earnings, key macroeconomic data, including CPI and WPI inflation, and foreign fund outflows amid the ongoing corrective phase, according to the market experts.
Indian stock indices settled in the red for the third straight day on Friday, the last session of the current week, due to looming uncertainties around President Donald Trump-elect's likely actions post his inauguration.
IT services major Tata Consultancy Services (TCS) has reported a 12 per cent jump in net profit in the just-concluded October-December quarter, its earnings released Thursday showed.
Indian stock markets closed in the negative territory on Thursday with the Sensex and Nifty, both ending the day lower, as concerns over currency weakness and muted earnings expectations weighed on investor sentiment.
This valuation is derived from a P/E multiple of 25x on FY30 earnings per share (EPS). The report notes that while fintech companies are expected to enjoy premium valuations during their growth phase, intensifying competition in the long term could result in a compression of these valuati
Growth in consumer goods space is set to be muted for yet another quarter (October-December 2024, asserted Mirae Asset Sharekhan, attributing it to sluggish urban demand, a gradual recovery in rural demand and price hikes taken across product categories.
Foreign portfolio investors (FPIs) are expected to adopt a cautious stance on Indian equities until there is clarity on the recovery in Q3 FY25 earnings and fair market valuations, says a report by Shriram Mutual Funds.