Mumbai, April 22 (IANS) Shares of HCL Technologies tumbled sharply on Wednesday, falling more than 10 per cent to Rs 1,289 on the NSE, as investor sentiment turned negative following a disappointing quarterly performance and subdued growth outlook. The steep decline came after several brokerages downgraded the stock and cut their target prices, citing concerns over weak revenue growth, margin pressures and cautious forward guidance.The company’s earnings report highlighted multiple areas of co…
Latest Jefferies News & Updates
Mumbai, April 15 (IANS) Shares of Indus Towers came under pressure after Jefferies downgraded the stock to ‘Underperform’ from ‘Buy’ and slashed its target price, citing rising risks to growth, cash flows and valuations.The brokerage has cut its target price on Indus Towers to Rs 375 from Rs 530 — implying a downside of about 14 per cent from current levels.It said the downgrade reflects near-term uncertainties and structural pressures that could limit upside in the stock despite a stab…
New Delhi, March 27 (IANS) Major global leading brokerage Jefferies has exited its holdings in HDFC Bank and reduced its India exposure across key portfolios, following the resignation of the lender’s part-time chairman Atanu Chakraborty.In its latest “Greed & Fear” report, Jefferies strategist Chris Woods said the firm has removed HDFC Bank from its Asia ex-Japan long-only equity portfolio, global long-only equity portfolio, and international long-only equity portfolio (ex-USA). No sp…
New Delhi, March 13 (IANS) Global equity markets have not fully priced in the economic fallout of the ongoing war in the Middle East, Christopher Wood, global head of equity strategy at Jefferies, said in his weekly note to investors.Wood said markets have shown surprising resilience considering that it has been nearly two weeks since the U.S.‑Israel strikes on Iran.“The explanation for the lack of a more dramatic sell‑off in stocks is markets’ continuing assumption that Donald Trump wil…
Washington, March 7 (IANS) The United States lost 92,000 jobs in February, according to data released by the Bureau of Labour Statistics, signalling potential weakness in the US economy. Nonfarm payrolls fell by 92,000 from the previous month, marking the third decline in payrolls over the past five months.The jobless rate ticked up to 4.4 per cent as jobs decreased in key sectors.The healthcare industry lost 28,000 jobs, mostly due to a strike at a major health insurance provider, reports Xinhu…
Mumbai, Feb 24 (IANS) India’s benchmark equity indices recorded their worst session in four days on Tuesday, dragged down by heavy selling in banking, infrastructure and IT stocks amid fresh concerns over US trade policy.The 50-share Nifty ended 1.12 per cent, or 288.35 points, lower at 25,424.65. The Sensex closed 1.28 per cent, or 1,068.74 points, down at 82,225.92.Commenting on Nifty technical outlook, an analyst said that the 25,500–25,600 zone remains a crucial resistance band; a decisi…
New Delhi, Feb 12 (IANS) The technology sector saw heightened panic selling on Thursday, sending the Nifty IT index down 5.51 per cent to a four‑month low as investors were spooked over AI‑led disruption and weaker hopes for near‑term US interest‑rate cuts.The combined market capitalisation of Nifty IT constituents collapsed to Rs 27,32,579 crore down roughly Rs 1.6 lakh crore.Shares of major software exporters tumbled over 5.5 per cent each, with Tata Consultancy Services falling 5.48 p…
New Delhi, Feb 4 (IANS) Concerns over software stocks globally impacted Indian IT stocks on Wednesday as US AI firm Anthropic expanded its enterprise AI assistant with a new automation layer designed to handle complete business workflows.Investor caution of artificial intelligence replacing significant portions of the software business, resulting in a massive sell-off now known as the “SaaSpocalypse.”The new AI assistant could automate legal document reviews, compliance checks, sales planning, m…
Mumbai, Feb 3 (IANS) Stocks of the Adani Group companies surged on Tuesday in early trade after the announcement of the India-US trade deal, led by Adani Enterprises Ltd (AEL), which traded near the upper circuit of 10 per cent.Adani Green and Adani Energy also gained more than 7 per cent as the stock market rallied. The gains trickled down to Adani Ports, Adani Power, Ambuja Cements and Adani Total, all of which rose by than 4 per cent.The investor sentiment in Adani Group companies was aided b…
New Delhi, Jan 5 (IANS) ONGC may receive nearly $500 million in unpaid dividends from its Venezuelan oil project as the evolving US-Venezuela situation has revived expectations of long-pending payouts from the South American nation, global brokerage firm Jefferies has said.Market experts are anticipating that a potential US takeover of Venezuela’s oil industry could eventually lead to the lifting of sanctions on Venezuelan crude exports.Although US President Donald Trump has said that sanction…