External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>Accenture’s Q4FY24 results validated signs of improvement for the IT sector</li><li>The top-end of Accenture’s guidance factors unchanged macro, ‘yet’ there was a 4pp swing in organic growth (from -1% in FY24 to +3% for FY25E)</li><li>While the continuity of strong growth in outsourcing driven by large deals can be construed as a positive indicator for Indian IT, the uptick may not be completely secular due to the high share of public services deals by the company</li></ul><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>

Accenture’s Q4FY24 results validated signs of improvement for the IT sectorThe top-end of Accenture’s guidance factors unchanged macro, ‘yet’ there was a 4pp swing in organic growth (from -1% in FY24 to +3% for FY25E)While the continuity of strong growth in outsourcing driven by large deals can be construed as a positive indicator for Indian IT, the uptick may not be completely secular due to the high share of public services deals by the companyContent 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.

IT Sector: Rate of change validated