Bhavya Rathod

In Q1FY24, the company’s revenue surged by 13 per cent from last year’s same quarter to Rs 460.7 crore, while the net profit of the company zoomed 26 per cent on a YoY basis to Rs 7.6 crore. What were the contributing factors to the company’s performance?HCG's performance for this quarter was great overall, we continue to maintain our trajectory of achieving Industry beating growth. There are multiple reasons attributing to this performance, largely a...

On Friday, both the Sensex and Nifty wrapped up the trading session on a positive note, posting gains of 0.55 per cent. Furthermore, the Nifty Midcap segment displayed strength, concluding with a 0.58 per cent gain, while the Nifty Smallcap segment performed exceptionally well, closing with a substantial 0.89 per cent gain.In terms of sectors, Nifty Realty, Nifty Financial Services, and Nifty Pharma emerged as the top performers, whereas Nifty Media remained relatively unchanged...

The enterprise technology market in India has witnessed remarkable growth and has emerged as a thriving industry in recent years. With its robust technological infrastructure, skilled workforce, and conducive business environment, India has become a global destination for both technology services and product companies.Technology services companies are typically cash-rich and do not generally need capital for their organic growth needs i.e., hiring a senior delivery professional or a...

Both the Sensex and Nifty wrapped up with slight dips, marking a decline of 0.1 per cent and 0.09 per cent, respectively. On a brighter note, the Nifty Midcap exhibited a modest gain of 0.14 per cent, while the Nifty Smallcap showed even more impressive growth at 0.69 per cent.Sector-wise, the performance was a mixed bag. Nifty Media, Nifty Auto, and Nifty Metal emerged as the standout gainers, while Nifty PSU Bank, Nifty Realty, and Nifty IT faced some headwinds, resulting in...

On Monday, the Sensex and Nifty experienced marginal declines, with drops of 0.17 per cent and 0.098 per cent respectively. In contrast, the Nifty Midcap exhibited a positive trend, posting a gain of 0.21 per cent, and the Nifty Smallcap segment showed even more robust performance, concluding with a 0.37 per cent increase.The top-performing sectors included Nifty Metal, Nifty PSU Bank, and Nifty Auto, while Nifty Realty, Nifty Media, and Nifty Pharma recorded losses. Among the...

Are the increasing US’ bond yields posing a substantial concern for both the Indian equity and debt markets?Rising bond yields and ‘higher for longer’ commentary by global central banks remains a near-term risk for both global and Indian markets. From an equity market perspective, we saw some corrections in most global indices in the previous month due to the concern of rising rates. However, the Indian markets continued to be resilient with bouts of volatility. We...

Pre-market update at 8:10 AM: On November 23, the primary market indicators concluded the session with marginal changes.

In the U.S. market, stocks displayed gains on Wednesday, propelled by a temporary drop in yields to their lowest point in two months

Market update at 2:15 PM: The domestic benchmark indices maintained a steady course, with the S&P BSE Sensex holding at the 66,013.25 level, and the Nifty50 trading at 19,788.90 levels.Leading the gainers on the Nifty are Divis Labs, Cipla, JSW Steel, Dr Reddy's Labs, and NTPC, while the losers include HCL Technologies, Wipro, Apollo Hospitals, Tata Motors, and Britannia. The BSE Midcap and Smallcap indices are both in positive territory, showing gains of 0.22 per cent and 0.32...

Market update at 3:45 PM: The benchmark indices concluded the session with losses, extending the downturn into the second consecutive session. IT stocks exerted notable downward pressure, while buying activity was observed in pharmaceutical and metal stocks. The Sensex concluded with a decline of 47.77 points, equivalent to 0.07 per cent, settling at 65,970.04, and the Nifty experienced a slip of 7.30 points, or 0.04 per cent, closing at 19,794.70. Market breadth favored decliners, with...