IT Sector: Demand resilience
The participants represented the full spectrum of listed Indian IT (tier-1 and mid-tier) and experts ranging from deal advisors, global services,...
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HSIE Results Daily: UltraTech Cement, SRF, Bandhan Bank, Mphasis
UltraTech Cement: We maintain BUY on UltraTech (UTCEM) with an unchanged target price of INR 7,295 (16x Mar’24E consolidated EBITDA)
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IT Sector - Decoding Signal from Noise
In this note, we decode the signal from noise and probe some key questions: (1) How structural is the demand and how correlated is it to the macros...
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Information Technology: Moderating, yet Strong
IT index is up >40% (mid-tier >100%) over the past year, supported by (1) earnings upgrade of ~5% for tier-1 IT and ~20% for mid-tier IT and...
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Mphasis Limited: Margins Impacted by One-Off Acquisition Related Cost
Mphasis'; share price has grown by ~7x over the past Recent run up in price prompts us to maintain HOLD rating Target Price and Valuation: We value...
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