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Tata Elxsi shares drop 4% after Morgan Stanley sharply cuts target on Q4 topline miss
Revenue growth remained softer than estimates. Constant currency revenue rose 0.9%, below expectations of 1.5%. For the full year, constant currency revenue declined 5.5%.
Tata Elxsi shares fall over 4% after weak Q4. Motilal Oswal, HDFC Securities cut target price
In the wake of Tata Elxsi's Q4FY26 performance, shares tumbled by 4%. While the company boasted a healthy 28% increase in net profit paired with a 9% revenue growth, the market reacted cautiously. Analysts are divided; some predict subdued growth spurred by delayed contracts, whereas others identify untapped opportunities in niche markets. The stock’s current valuation continues to spark debate.
HCLTech sees muted FY27 after fastest growth in three years
India's third-largest IT services company clocked 5.95% year-on-year growth in consolidated revenue to $14.66 billion, beating a Bloomberg estimate of $14.1 billion by 45 analysts. However, net profit fell 4.05% y-o-y to $1.96 billion, compared to a rise of 7.6% in FY25.
Tata Elxsi Q4 profit doubles, margin expands; ₹75 dividend declared
Tata Elxsi reported a sharp sequential profit jump in Q4 FY26 with steady revenue growth and margin expansion, while the board recommended a ₹75 per share dividend for the year.
The Hosteller raises Rs 150 crore led by PROMAFT Partners in Series B funding
The Hosteller has raised ₹150 crore in a Series B funding round led by PROMAFT Partners and V3 Ventures, with participation from ITI Growth Opportunities Fund, Merisis Wealth Trust and family offices. The company said the round is the largest institutional fundraise by a backpacker hostel chain in India.
Ruchit Jain of Motilal Oswal suggests Tata Power, Siemens shares to buy in the near-term
The Nifty 50 and Sensex saw significant gains on April 15, rising 1.53% and 1.62% respectively, supported by positive Asian market trends and decreasing oil prices. Analysts suggest a bullish outlook with buying opportunities in Tata Power and Siemens.
IT steady despite muted TCS growth; realty, metals, Shriram Finance offer opportunities: Khemka
Siddhartha Khemka of Motilal Oswal says IT may remain range-bound as weak growth offsets stable TCS margins, with AI gains largely passed on to clients. Still, valuations are turning attractive for long-term investors. He sees emerging opportunities in real estate after the correction, remains positive on metals as a structural demand play, and prefers Shriram Finance in financials following its recent dip. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
S&P 500 gained for seventh straight day on Thursday but this segment sold-off again
The iShares Expanded Tech-Software Sector ETF (IGV) fell 4%, closing at the lowest level since 2023. The ETF has extended its year-to-date losses to 27%. Another index related to software-as-a-service (SaaS) companies declined nearly 5%, extending its decline for the week to 9% and a year-to-date drop to nearly 40%.
Here's a TCS stat that did not happen even during the Covid-19 year
For the first time in its history, TCS reported a decline in its US Dollar revenue growth for the full financial year. Revenue in US Dollar terms declined 0.5% in financial year 2026, compared to a 3.8% growth in financial year 2025 and 4.1% in financial year 2024.
TCS Q4 FY26 Results: Profit jumps 12% YoY to Rs 13,718 crore; revenue rises 10%
TCS Q4 Results 2026: Tata Consultancy Services announced a 12% year-on-year increase in its consolidated net profit, reaching Rs 13,718 crore for the fourth quarter. The IT services giant also reported a 10% YoY revenue growth to Rs 70,698 crore, bolstered by three mega deals worth $12 billion. The company declared a final dividend of Rs 31 per share.
TCS declares Rs 31 per share final dividend, FY26 payout at Rs 39,571 crore
TCS Dividend News: Tata Consultancy Services declared a final dividend of Rs 31 per share for the financial year ending March 31, 2026. The IT giant reported a 12% year-on-year growth in its consolidated net profit for the March quarter. Revenue also saw a 10% year-on-year increase. The company's operating margin reached its highest in four years.
TCS to announce dividend today. Here’s how IT major has rewarded shareholders in last 5 years
India's IT giant, TCS, is poised to reveal its fourth-quarter earnings on Thursday, with a dividend payout also on the agenda. Analysts anticipate robust year-on-year growth in revenue and profit, though sequential growth is expected to be modest. The BFSI sector is projected to be a key growth driver, while others show mixed performance.