IT Sector

HDFC Mutual Fund was the largest investor in the share sale, followed by Nippon Life India AMC, Goldman Sachs, and Bandhan Mutual Fund.

During the fourth quarter, operating margins increased 150 basis points to 26%, while net margins climbed 100 basis points to 20.3%.

Through this partnership, Max TV will be able to cross-sell various packaged plans to unserved and underserved parts of the country.

CAMSPay reached a milestone in March 2024 by registering more than 1.2 million UPI Autopay mandates.

Management indicated that clients continue to prioritise large-scale transformation projects, limiting discretionary spending. ACN expects FY24 Adj. Ebit margin to be 15.5% (was 15.5-15.7%).

Central Bank, founded in 1902, manages over $20 billion in assets and serves more than 150 facilities in 78 cities in Missouri, Kansas, Illinois, and Oklahoma.

TCS, with a market capitalisation of ₹15 Lakh Crore, is India's second most valuable listed company after Reliance Industries (RIL).

INFO remains analysts of IIFL Capital Services' only BUY rated largecap name. Their 12-month TP is pegged at 22x 2YF EPS, as they forecast 9%/13% USD cc revenue/EPS Cagr over FY24-26.

Promoters Srinivasan K Swamy and Narasimhan Krishnaswamy will be selling a significant portion of equity shares through OFS

On March 1, Google issued a warning, stating that if ten Indian businesses don't pay a service charge to utilise its Play Store platform.