Strategy Boffins

Market Intelligence

IRFC Shares Soar by 19%, Hitting 52-Week High Amid Strong Railway Sector Growth and Heavy Trading Volumes

Before Market Opens
15 January, 2024

Indian Railway Finance Corporation Ltd (IRFC) shares experienced a significant surge, climbing 19% to reach a 52-week high. This rally is attributed to the overall growth in the railway sector, fueled by the Indian Ministry of Railways’ plans for a substantial investment program. Additionally, the stock has seen a remarkable increase in trading volumes, contributing to its rapid ascent. Over the past year, IRFC’s shares have gained over 202%, with a notable 103% rise since the beginning of 2023.

Read More

HCL Technologies Reports Robust Q3 FY2024 Results: Net Profit Rises 6%, Revenue Up by 6.5%, with Significant Growth in Key Segments

Before Market Opens
13 January, 2024

HCL Technologies showcased a solid performance in its Q3 FY2024 results, reporting a 6.23% increase in net profit, reaching Rs 4,351 crore. The company’s revenue also saw a significant rise, growing by 6.5% year-on-year to Rs 28,446 crore. This growth includes contributions from the ASAP acquisition, with a projected CC revenue growth of 5.0% to 5.5% YoY. Financial Services, Manufacturing, and Life Sciences & Healthcare led the segment growth, with significant expansion in American and European markets. HCLTech’s focus on AI and cloud-native capabilities was evident in key deals secured during the quarter. The company’s market performance was strong, with its shares increasing by over 4.6% post the results announcement, outperforming major IT sector rivals. HCLTech also declared an interim dividend of Rs 12 per equity share and reported an attrition rate of 12.8%. These results highlight HCLTech’s continued growth momentum and strategic focus on emerging technologies.

Read More

TCS and Infosys 2024 Q3 results

Before Market Opens
12 January, 2024

In the third quarter of the financial year 2024, Infosys and Tata Consultancy Services (TCS) showcased distinct financial performances. Infosys reported an EPS of 18 cents, aligning with analyst estimates, and a revenue of $4.66 billion, slightly above expectations. However, the company experienced a 7.3% drop in net profit and a decline in operating margin to 20.5%. Infosys revised its full-year revenue growth to 1.5%-2.0% and announced significant deal signings worth $3.2 billion, alongside an acquisition to bolster its Chip-to-Cloud strategy. Attrition improved to 12.9%. In contrast, TCS reported a 2% increase in net profit and a 4% rise in revenue, with an operating margin of 25%. The company declared a dividend of Rs 27 per share and maintained a comfortable attrition rate of 13.3%. TCS continued investing in technologies like Generative AI and reported a robust order book with a TCV of $34.1 billion. TCS shares showed a positive trend, closing up 0.61% on the BSE. Both companies demonstrated resilience and strategic growth in a challenging market environment.

Read More

20% increase in Cochin Shipyard's share price

Before Market Opens
10 January, 2024

Cochin Shipyard’s shares surged 20% due to a stock split and strong growth prospects. The split made shares more accessible, while impressive performance, including securing a significant defense contract and a robust order book, bolstered investor confidence, reflecting the company’s expanding presence and potential in the shipbuilding and defense industries

Read More

Polycab shares crashing by over 7% on January 9, 2024

Before Market Opens
10 January, 2024

Significant decline in Polycab’s share prices can be attributed to allegations of tax evasion against the company. The Income Tax Department of India reported finding undisclosed income of approximately ₹200 crore (or around $24.1 million) linked to Polycab.

Read More

Apple's $40 billion investment in India

Morning Masala Tea
9 January, 2024

Apple’s $40 billion investment in India is a transformative move, strategically aimed at scaling up production, diversifying product offerings, and reinforcing its position in a key global market. This investment not only signifies Apple’s confidence in the Indian market’s potential but also positions India as a central hub in Apple’s global production and distribution network.

Read More

Jyoti CNC Automation IPO is looking to raise Rs 1,000 crores

Before Market Opens
8 January, 2024

The Jyoti CNC Automation IPO is looking to raise Rs 1,000 crores through a fresh issue of 3.02 crore shares. It opened for subscription in early January 2024 and is expected to list on BSE and NSE. The IPO’s price range is set between ₹315 to ₹331 per share. Jyoti CNC Automation, established in 1991, manufactures CNC machines and serves a diverse client base including ISRO and Tata Advances System. As of mid-2023, it had a significant production capacity and a substantial order backlog. The company experienced a notable increase in revenue and profit after tax in the financial year ending March 31, 2023.

Read More

Strategy Boffins

Explore

Collections

Energy

Captivating