Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Equity Bottom-Up

Cognizant Tech Solutions A / Equity Bottom-Up

<div><div><div><div><ul><li>Margins affected by seasonality and labor crunch: In 1QFY22, operating margin came in at 15%, reflecting 20bps decline YoY.</li></ul><div><div><div><div><ul><li>Continued moderation in voluntary attrition: 1QCY22 voluntary attrition moderated a tad bit at 26% on an annualized basis or 29% on LTM basis.</li></ul><div><div><div><div><ul><li>Muted M&amp;A action for now but not from a medium-term perspective: CTS has not reported any acquisition in this quarter and indicated about experiencing a little bit of bumpiness in M&amp;A, with some deals falling out and, in some cases, it has stepped out of deals as it did not match with CTS’ strategy.</li></ul></div></div></div></div></div></div></div></div></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Margins affected by seasonality and labor crunch: In 1QFY22, operating margin came in at 15%, reflecting 20bps decline YoY.Continued moderation in voluntary attrition: 1QCY22 voluntary attrition moderated a tad bit at 26% on an annualized basis or 29% on LTM basis.Muted M&amp;A action for now but not from a medium-term perspective: CTS has not reported any acquisition in this quarter and indicated about experiencing a little bit of bumpiness in M&amp;A, with some deals falling out and, in some cases, it has stepped out of deals as it did not match with CTS’ strategy.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cognizant Tech Solutions A

Cognizant Technology Solutions