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IT sector will continue to trade at higher multiples well supported by improving visibility (strong deal wins, faster ramp-up), sustained margins, improving free cash flows and improving demand environment across verticals.
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With Covid-related restrictions imposed by states hitting sales in the ongoing quarter, companies are also pinning hopes on extended summer and brighter festive season to make up for the revenue loss
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Shares of the company traded 1.42% down at Rs 1395.45 at around 10.20 am (IST). On the other hand, the benchmark BSE Sensex was up 492 points, or 1.01%, at 49,225 at around the same time.
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Here are 6 money making ideas from technical analysts that may deliver good gains in the near term
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According to Morgan Stanley Execution services, MSCI India will see gross inflows of US$2.8bn and net inflows of US$219mn. Thus, MSCI India to see a weight increase of 5 basis points with these changes from 9.65% to 9.74%.
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In the current week, benchmark index Nifty 50 ended with losses of 1% whereas Money9 Covid25 Index fell 0.7%
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The company's stock price hasn't moved in the past five years and the flurry of memes on social media indicate the investor's state of mind
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ICICI Securities continues to believe in the inherent strength of Asian Paints considering its 80 years old business legacy, strong balance sheet and its supply chain networks
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Here are 7 money making ideas from technical analysts that may deliver good gains in the near term
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Shares of the company rallied 353.81% to Rs 1,233.90 on May 11, 2021. The scrip traded at Rs 271.90 on March 24 last year.