The sharp correction in Indian IT stocks has created a compelling long-term buying opportunity, with traditional IT services companies capable of delivering 45–70% returns over the next three years, according to Sandip Agarwal, Fund Manager at Sowilo Investment Managers LLP. Agarwal believes investors are mistakenly treating artificial intelligence (AI) as a permanent disruption to the…
Sarmeeli Mallick is a senior journalist with nearly a decade of experience in digital journalism. With a master’s degree in Journalism and Mass Communication from Utkal University, Bhubaneswar, she has a proven track record of impactful reporting, having filed over 19,000 news stories since beginning her career in May 2016. Her diverse background, rooted in…
The benchmark indices ended higher for the third consecutive session on Friday (July 3), outperforming the broader markets as gains in information technology, realty and pharmaceutical stocks offset weakness in PSU banks and select financial shares. The Sensex rose 262 points to close at 77,764, while the Nifty 50 gained 95 points to settle at…
Rahul Sharma, Director & Head Technical & Derivatives at JM Financial Services, advises investors to book profits if the Nifty approaches the 24,500–24,600 zone, warning that July earnings could trigger volatility. However, he expects any correction to offer a buying opportunity, with markets likely to begin a structural recovery from September-October and potentially scale fresh…
Shares of Raymond Realty jumped more than 10% on Friday, July 3, after the company reported a 129% year-on-year increase in Q1FY27 pre-sales to ₹700 crore, while collections rose 47% to ₹550 crore. The company reiterated its FY27 EBITDA margin guidance of 17%-19%, according to an exchange filing. Raymond Realty Ltd. reported a 129% year-on-year…
Arvind Ltd‘s board approved a proposal to raise up to ₹600 crore through the issuance of equity shares or other eligible securities via one or more permissible modes, including a qualified institutional placement (QIP). In an exchange filing on Friday, July 3, the textile and apparel manufacturer said the board approved raising funds through equity…
Sarmeeli Mallick is a senior journalist with nearly a decade of experience in digital journalism. With a master’s degree in Journalism and Mass Communication from Utkal University, Bhubaneswar, she has a proven track record of impactful reporting, having filed over 19,000 news stories since beginning her career in May 2016. Her diverse background, rooted in…
India’s IT stocks may rebound after a long correction, as AI fears are overdone. He sees long-term opportunity. (Image: Canva/ET Now) IT sector outlook: After being one of the market’s worst-performing sectors, India’s information technology (IT) stocks may finally be poised for a revival, according to Vikas Khemani, founder of Carnelian Asset Management. Speaking in…
Shares of HCL Technologies Ltd. gained over 7% on Friday, July 3, after brokerage firm CLSA reiterated its bullish stance on the IT major, naming it among its top large-cap picks despite lowering its price target. CLSA maintained its ‘Outperform’ rating on HCLTech but revised its target price to ₹1,202 from ₹1,519. According to the…
Axis Mutual Fund has shifted its portfolios towards consumption-oriented sectors and large-cap financials after increasing exposure over the past six months, while continuing to back the long-term manufacturing theme despite elevated valuations. Shreyash Devalkar, Head of Equity at Axis Mutual Fund, which managed $39.61 billion in assets during the April-June 2026 quarter, said the fund’s…
