Tata Elxsi: This multibagger Tata group stock is down 34% in nine months; should you buy now?

During the recent March quarter, the company reported a mixed set of numbers. Its revenue and EBITDA margin fell short of analysts expectations, while the net profit exceeded estimates.

10 small cap IT stocks returned up to 150% in the last 6 months

Nifty IT Index declined by nearly 5.3% in 6 months. Only 4 stocks generated positive returns, out of which only Persistent Systems returned a double-digit growth. 10 Small Cap IT stocks have seen a rise in their share prices, with some generating returns of up to 150% in the same time frame.

Zensar Tech: This mid-cap IT stock gained 65% in 2023 after sharp loss last year; should you invest?

The stock had a challenging year in CY22, experiencing a significant decline of nearly 59% in its value, underperforming the overall market. However, the stock kicked off 2023 on a strong footing, surging by 8.12% in January, and it continued the same momentum into February by rallying 26%.

IT remains precariously placed, says Jefferies; Infosys only ‘buy’

Jefferies said that with earnings risks persisting and the sector still trading at an 8 percent premium to its 10-yr average, it remains selective on the sector with Infosys as its only Buy.

10 small cap IT stocks returned up to 150% in the last six months; do you own any?

Magellanic Cloud, a small-cap IT stock, topped the list with a 150% increase, moving from ₹80.25 to ₹200.40. Newgen Software Technologies, another small-cap IT stock, gained 80%, rising from ₹338.65 to ₹608.40.

FPIs infuse ₹8,643 crore in Indian equities in April so far: Report

FPIs heavily bought financial stocks for ₹4,410 crore during the fortnight that ended April 15. Besides, they were also buyers of automobiles and capital goods. In addition, IT stocks too saw buying interest, although marginally.

IT sector's weight in Nifty50 at 5-year low of 12.2%, FMCG's weight rises: Report

BS pointed out that the IT sector’s weight in the index has slipped to a five-year low of 12.2 percent, down from the 17.7 percent at the end of March 2022.

Current market, economic situation the best one in a long time, says Saurabh Mukherjea

Mukherjea is not concerned about the IT sector. He pointed out that the deal activity is quite solid across the IT services industry.

Crude to dictate the market trend in coming months; IT pack won't see secular disaster, says Devina Mehra

Talking about the IT stocks, Mehra said it is a big knee-jerk reaction to Q4 results but the IT pack is not going to see any secular disaster.

Too early to say inflation war is won; infra a bright spot: Arun Chulani of First Water

Many have been dashed on the rocks of volatility trying to time the markets. It's better to take a long-term view and focus on finding well value stocks or screening for good managers, said Chulani.

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Tata Elxsi: This multibagger Tata group stock is down 34% in nine months; should you buy now?

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