#TCS share price

[fazlul-karim-ideas]

Leading The Way In 2023: The Top 3 IT Companies In India

Stay up-to-date on the top 10 IT companies in India with our 2023 edition. We have researched and compiled a list of the leading IT companies in the country, based on their market performance, innovation, and industry impact.

[revelboo]

Im laughing so much rn. Somehow the starscram blokee came in first when it shipped way after megatron and shockwave. Did this boy really speedrun the mail system? 😭

Can't wait to put him together (on my tree)

Nice! I think TC and Skywarp are supposed to arrive today while I’m at work. I almost regret telling y’all about the figures, cause the price for singles on EBay went from about $13 each to $24 or more now. 🥲 JK- buy the Blokees so they release more characters

Even If It Kills Me Pt 9

Armada Starscream x Reader

• Servos cupping over you as you kick out a leg, twisting in his grip to make Runway lift his head with a tired warble. How many times does this make this week alone? When you’ve struggled, fighting against a dream. Or a nightmare and he has no idea how to fix it. How to help, but those small sounds of pain go straight to his spark, make him remember his own tormentor. Because that must be what’s haunting you. Even if it’s over and you’re safe now, the fear is still there, probably always will be. Venting tiredly, he strokes a servo against your spine. Aware of his mini-cons all watching now, upset that you’re upset. And optics shuttering, he begins murmuring at you. Singing in his gruff voice an old Seeker lullaby about bright, endless skies.

• Curling into yourself as you startle awake, you’re aware of a low humming, of guttural, strange sounds and intonations. He’s singing. Afraid to move in case he stops, you relax and listen to him, hearing an aching longing there even though you can’t understand the words. That ache calls to you and you remember the way he’d looked at you when he’d sat on the floor with you and the mini-cons. Like he’d wanted something. Wondering now if he’d wanted you to join him. Sit with him and share a meal. Realizing, you want that even if you know better. Know that hoping for a place to belong can only hurt you.

• Singing faltering when you shift on top of him and he allows you to sit up, he looks down at you. “Please,” you say, those haunted eyes making his spark ache unexpectedly. “Please, don’t stop.” Watching you reach up and scrub at your eyes, he presses the tips of his servos against your spine, feeling the beat of your heart. And even though he knows his voice isn’t meant for this, isn’t soft and soothing, he sings for you and feels you twist slightly to curl yourself against his palm. So softly, he nearly misses it, you hum along to a song you can’t understand, your little voice lifting and becoming haunting. The song becoming about loss and hope, your voices twining together.

• When the song fades, he reaches up to touch your cheek, those big hands so gentle. “You should rest. I have you,” he says, tone gentle despite how gruff his voice is. And you want to believe him. Want to hope this can last, that you’re safe. That you won’t somehow ruin this, even if you don’t deserve to have this. Standing and slowly picking your way over his chassis, aware of his servos hovering to catch you if you stumble, he frowns at you. Laying a palm on his chin, you lean against his face to press a kiss against his cheek. See his optics widen slightly as though shocked that you’d done that.

• “You’re a sweetheart,” you say, smiling at him even though your expression is still so sad. Spark warming, he watches you make your way back to his chassis and lay down again. Draping his servos over you, he lays there listening until your breathing evens out before reaching up to touch his face where your soft mouth had brushed against him. Venting softly, he stares at the ceiling and thinks about broken things. If they can ever really be fixed or if those broken edges will always remain. If you’re both too broken to even begin trying to fix each other.

Previous

Next

But I’m too tired to go to sleep tonight

And I’m too weak to follow dreams tonight

For the first time in a long time I can say

That I want to try to get better and

Overcome each moment

In my own way

I’m not saying that I’m giving up

I’m just trying not to think as much as I used to

Cause "never" is a lonely little messed up word

Maybe I’ll get it right some day

For the first time in a long time I can say

That I want to try

I feel helpless for the most part

But I’m learning to open my eyes

And the sad truth of the matter is

I’ll never get over it

But I’m gonna try

To get better and overcome each moment

In my own way

[spade-riddles]

With everything going on now and seeing people getting confused and tired i thought if antihero. Then someone posted the connection between coffin taylor’s shirt colors and their dresses last night so i thought i’d share.

‘I should not be left to my own devices

They come with prices and vices

I end up in crisis (tale as old as time)

I wake up screaming from dreaming

One day I'll watch as you're leaving

'Cause you got tired of my scheming

(For the last time)

It must be exhausting always rooting for the anti-hero’

Like she knew people will get tired and confused. Like the people fighting over her in the funeral in antihero mv. And her children kinda remind me of her newish NFL peeps right??? People said Chad looks like TC and the daughter in law looks like BM??? And they’re the ones starting the fight. Being betrayed.

Another note: we see many 3 easter eggs in videos and jewelry. 3 evil stepsisters, 3 circles in labyrinth mv, 3 taylors in antihero mv.Not sure what it means but adding if someone can find a connection.

[lionews]

"share their worst noob moment(s)" my first may (last year) i got a combo based groupie and sold her for 500sb 💀 i also never checked tc prices on ANYTHING and i was consistently under pricing decor (10sb each for decent pieces bc i dont use decor and assumed its all worthless) and almost heired a random inbred tree cub :')

.

[dreamsofnightmares2035]

kapil sharma PS-1 extras

(bear in mind, not fully fluent in hindi here!)

[0:17]

kapil: a big round of applause for our guests!

my question is to all of you. [to the audience] you might already know, they're making a big-budget film.

[to the actors] so when you found out that the budget is so big, did you tell your actual price to the producers or did you add some ten thousand to it, like it's fine, it's already so expensive, let us ask for a little more as well? or did the producers say, we're making PS-1 now, there will be PS-2,3,4,5 so please lower your rate a little?

i heard from [somebody] that those who weren't lowering their rates would be dying in the war scenes in the film. is it true, sir?

vikram: yeah, yeah, definitely. 

-

vikram: you can say amitabh sir's dialogue; "i can talk english, i can walk english, i can speak english" (dialogue from the movie 'namak halaal' in 1982; i think they cut to when they're talking about kapil's english)

archana: [kapil] can flirt english! anytime! 

kapil: i can what?

archana: you can flirt english. hindi, punjabi, sindhi, marathi, all!

kapil: thanks, thanks, pleasure. okay, you know that this film is based on kalki's novel and it's a 2600 page novel. so did you read the script or read the novel? and if you read the novel, how many days did it take you to read such a long novel?

sobhita: there are five books, each of them this thick.

kapil: you read the whole thing?

sobhita: yes.

vikram: half payment is for reading the novel.

kapil: for [a book] that long, actually yeah! 

vikram: and exercise also with that.

kapil: you read the book in seven days.

-

archana: about trisha, do you know this?

trisha: so actually, my first film in telugu, "nee manasu naku telusu" ('i know your heart/mind'), in that film, archana ji was my mother; and she's very hot, and the role was of a hot mom, so…

kapil: until now, there's no one in the industry who has said they haven't worked with archana ji. 

trisha: that's true.

kapil: some people were saying that when the british left in 1947, she was standing at the main gate to see them off.

-

[2:24] to [8:11] is the game, as per this post.

-

from [8:12]

kapil: karthi sir posted this photo. 

[reads comments] 

"it looks like they're pulling the TC (ticket collector for trains) aside to confirm their ticket on the waiting list"

(reply to above) "hey, that's not the TC, that's the director; they're confirming their roles"

please show more.

"karthi sir's smile is telling that his next scene is a romantic one"

"director be like: you're doing all the romance scenes; what share are we getting? take out a couple thousand [rupees]"

please show more.

[trisha's post]

"it seems like the producer is coming to discuss the budget, so she's taken out all the awards and put them there"

[another trisha post]

"by standing on that cake, you could even fix the ceiling fan"

[another trisha post]

"madam, a question: in horse riding, does the horse burn calories or does the person sitting on the horse burn calories?"

"you give your helmet to the horse and put on the horse's ears on yourself, then your height will be as much as the horse; free advice, there's no fees"

[jayam's post]

jayam sir posted a photo; back to doing what i do best. please show the comments below.

"i can also drive a tractor well; you are a good actor also"

"seeing the lion behind you, i remembered i have to (not sure what the word means exactly but i'm assuming it's some type of consumption) drink two bottles of glucose"

"sir, i have to shift my house, will you give your tractor? dm me the charges"

"he's also waiting for the ride; it won't move forward until the trolley is full (of people)"

please show more.

[sobhita's post]

oh this is anurag sir? (a filmmaker) show the comments.

sobhita: i'm feeling scared.

kapil: "boys are like this only. even if their own leg is broken, they are always ready to give a support to a girl" (referring to the fact that in the picture, anurag's leg is in a cast, and he's letting sobhita lean against him)

"sobhita ji, from looking at your shoes, it seems like you came straight from school"

(reply to above) "in that sense, then anurag ji looks like he just came after getting beat up"

please show more.

karthi: it's scary when it scrolls, huh?

kapil: "it looks like whoever they trusted and came to france, that person isn't picking up their phone" (because it looks like they're stranded somewhere)

"i have also sat like this is a foreign country; people started giving me money"

-

[newsparviews]

TCS and Infosys leap after brokerage Bernstein updates goals for the largest IT companies

Shares of Infosys and Tata Consultancy Services (TCS) saw an increase on Tuesday, November 21, following the publication of divergent target prices for the IT companies’ stocks by brokerage Bernstein. At 10:09 am on Monday, the BSE saw a 0.22 percent increase in TCS shares, or Rs 7.70, at Rs 3527.00 a share, and a 0.52 percent increase in Infosys stock, or Rs 7.40, at Rs 1443.70.

[finishinglinepress]

FLP MEMOIR BOOK OF THE DAY: GAUDY SORROW – MEMOIR by Barbara Seyda

On SALE now! Pre-order Price Guarantee: https://www.finishinglinepress.com/product/gaudy-sorrow-memoir-by-barbara-seyda/

Barbara Seyda‘s GAUDY SORROW is a surreal, epistolary #memoir about her Basque friend who died of Covid on Christmas Eve. A rant elegy swerving like a euphoric requiem, over 200 short, blunt letters catapult us into an epic odyssey. Rowdy and transcendent, we zig zag through tightly-braided random moments, street slang, Shakespeare, Spanglish and over-wrought metaphors. This queer Covid narrative spews sexy rage and body parts like a swamp monster of grief – a hydra sprouting infinite heads from fresh wounds for the beloved. A female-centric opera and hybrid text, GAUDY SORROW flickers like a dead lightbulb, dazzling and bereft.

Barbara Seyda is a queer, Polish-American playwright and screenwriter. Her published books are Women in Love (Bulfinch/Little Brown) winner of a Lambda Literary Award, Nomads of a Desert City (University of Arizona Press) and Celia, A Slave (Yale University Press) winner of the Yale Drama Prize. Seyda lives in Tucson, on the Sonoran Desert home of the Tohono O’odham people.

PRAISE FOR GAUDY SORROW – MEMOIR by Barbara Seyda

Gaudy Sorrow is a kaleidoscopic tapestry that spirals the reader into a personal journey-rant of rich textures. Barbara Seyda’s tender probing, in-your-face, funny, raw swirl through grief, grasping, and wonder is a careening mouthful of orgasmic words placed just so. Reading Gaudy Sorrowshould not be rushed, but savored the way a 19th century naturalist would explore her first jungle canopy. The way one would “floss teeth with trumpet vines,” as Seyda says. This jewel of a journey is thrilling, violent, confessional, and beautiful; we want to go with Seyda as she “drives though LA with a megaphone clamped to the top of a stolen Volkswagen bug. Blasting a non-stop transient grief monologue.” I am grateful for this rant and will continue to revisit it over and over again.

–Shelly Hubman, Writer, Intuitive Healer

Barbara Seyda’s searing tale of sex, love, and grief is like a glimmering sequined dress—one minute we’re dancing wildly and aglow; the next we’re stripped bare, lying in a heap on the floor, waiting for morning sunlight. This, after all, is a chronicle of human intimacy, a place only those willing to face blood and balm dare to go. With its breathy, exquisite prose and cutting candor, Gaudy Sorrow left me sweating, gasping, and fully alive.

–Kimi Eisele, The Lightest Object in the Universe

Sylvia Plath warned that ‘poetry, at its best, can do you a lot of harm’ and maybe that’s why I return to it. The same can be said for loving. Which is to say living is truly treacherous work. Make no mistake about it, you dirty human miracle, Barbara Seyda’s GAUDY SORROW will hurt you. It will tie you up. Hurl you into a carnival of ruin with a locked-up staggering beast. Then slap you for not saying fuck you. Here, glue-gunning our fingers together becomes an expression of gratitude; this is poetry for the un-furred, the grief-scored. Don’t miss your chance to stare straight into the eclipse, you who are a private bomb with a heart.

–TC Tolbert, The Quiet Practices, Gephyromania

Please share/please repost #flpauthor #preorder #AwesomeCoverArt #book #read #memoir

[kawaiiblue18]

Click for better quality Fun fact: Mothra’s theme song is my favorite of all the kaiju, it’s so majestic Once again, lore is below the cut!

Ight Mikey time! It is highly recommended that you read the lore I put in the comments on Raph’s post before reading this! So, in this au, Mikey takes place of Mothra. This was actually quite challenging figuring out how to blend box turtle AND moth anatomy but I’m pretty happy with the result. I made it so Mikey’s shell has natural holes where his wings connect to her shoulder blades. Some notes about design to add is that I based the wing design purely on Mothra’s wing design plus some tiger moth images (you do not wanna know the amount of moth references I have saved). Plus I made Mikey’s limbs more parallel with Mothra including the claws Mothra has on her front limbs but made Mikey’s front most limbs his usual hands.

Just to clear some confusion before I start lore rambling: like most kaiju in this au, Mikey’s species is intersex and reproduces asexually. She uses any and all pronouns in this au. Also, I know some people ship Mothra and Godzilla, but Mikey and Raph are still considered siblings here so please do not ship them (aka tc*st DNI), thank you.

Of his siblings, Mikey is smallest, weakest (physically), and youngest of the four kaiju turtles. But that’s not say he should be underestimated. Xe is still ancient compared to human civilizations. They are only younger than the twins by a 100 years and younger than Raph by 2,000 years (that’s not a lot considering titan lifespans). Mikey’s body was built for grace and speed while air borne, but not for front on attacks. Mikey’s wings or body could easily be torn or damaged in battles with other kaiju if she isn’t careful. Although, not to worry because Mikey sports Mothra’s signature ability: the ability to be reborn but in a more different way. Instead of Mothra’s ability to simply hatch from previously laid egg and go through larval plus cocoon stages (though they can lay an egg for his next of kin), Mikey has a phoenix regeneration ability. In the event that Mikey is severely injured or killed, xer body will burst into flames until she is a giant pile of mystic ash. During this period, Mikey’s soul is in a sort of limbo between life and death until they naturally regenerate enough mystic energy to reform himself from the ashes.

That’s another thing to note: that while Mikey may not be physically strong, he is the most connected to their ninpo powers than his siblings. Through her ninpo, Mikey has the ability to summon a numerous amount of mystic chains at a time, shoot mystic fire, reduce the weight of objects while chains are wrapped around them, and perform a “God Ray” ability. The “God Ray” ability (also affectionately dubbed “the living sun” by humans) makes Mikey’s wings light up to an extreme amount for a few seconds. It’s so bright that it would be the equivalent to staring at the sun. This ability is effective for blinding opponents temporarily so that the opponent will be rendered off guard to a following attack, but this move does take a lot of ninpo energy to pull off. 

Smaller kaiju, like Mikey’s species, have the special ability to create mystic symbiotic bonds with kaiju larger and physically stronger than them. A symbiotic bond means ninpo (which I should’ve probably mentioned before is mystical atomic power that all kaiju possess) and emotions can be shared between the bonded kaiju. This bond does come with the price though: the death of one bond means the surviving bond must live their life with the phantom pain. While Mikey can regenerate from fatal injuries (which does not count as death in the symbiotic bond because xer soul is still intact), other kaiju cannot. It is common for kaiju in a bond to simply off themself after the death of their bond partner to avoid this fate. Mikey’s parent and predecessor, Mosura, had a symbiotic relationship with Dagon (if you remember, this is Raph’s parent) and ended her life alongside Dagon. Mikey, soon after Raph dawned the title of alpha titan, created a symbiotic bond with Raph that Raph readily agreed to. Mikey would later extend the bond to Leo and Donnie.

As human civilizations started appearing over time, Mikey was the one who was the most involved with them. Xe was fascinated by the complexity of these small intelligent creatures and would sometimes communicate telepathically with humans through directing his ninpo to flow through the human xe was try to talk to. (All kaiju communicate telepathically. Humans just can’t understand them because they don’t have ninpo.) Because of this, ancient civilizations gave him the name Michelangelo which means “the messenger who is like God”.

When Mikey is awoken by Raph from hibernation in 2019 to defeat the Shredder, he meets April who is the daughter of one of lead scientists. Mikey attempts to talk to April telepathically, but the base is soon infiltrated by the eco-terrorist organization and Mikey flies away. She is surprised by the human developments during their hibernation, but more so amazed by human’s innovative inventions that remind him of Donnie’s ninpo. Mikey firmly believes in cooperative coexistence with humans where most kaiju, including her own siblings, are skeptical of humans. Once the battle with Shredder in Boston is over and Mikey regenerates, xe seeks out April through the small amount of ninpo he left on her. Mikey and April form a friendship to which April becomes a human ambassador to titans for Monarch.

Damn this section was longer than the first so hope you understood all that ahaaa. Again, I will add more lore as I finish more ref sheets.

[sharebazaar-intensifyresearch]

TCS share price rises 4% post Q3 results, dividend announcement

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[jcmarchi]

NVIDIA AI Summit Japan: NVIDIA’s role in Japan’s big AI ambitions

New Post has been published on https://thedigitalinsider.com/nvidia-ai-summit-japan-nvidias-role-in-japans-big-ai-ambitions/

NVIDIA AI Summit Japan: NVIDIA’s role in Japan’s big AI ambitions

.pp-multiple-authors-boxes-wrapper display:none; img width:100%;

Japan is on a mission to become a global AI powerhouse, and it’s starting with some impressive advances in AI-driven language models. Japanese technology experts are developing advanced models that grasp the unique nuances of the Japanese language and culture—essential for industries such as healthcare, finance, and manufacturing – where precision is key.

But this effort isn’t Japan’s alone. Consulting giants like Accenture, Deloitte, EY Japan, FPT, Kyndryl, and TCS Japan are partnering with NVIDIA to create AI innovation hubs across the country. The centres are using NVIDIA’s AI software and specialised Japanese language models to build tailored AI solutions, helping industries boost productivity in a digital workforce. The goal? To get Japanese companies fully on board with enterprise and physical AI.

One standout technology supporting the drive is NVIDIA’s Omniverse platform. With Omniverse, Japanese companies can create digital twins—virtual replicas of real-world assets—and test complex AI systems safely before implementing them. This is a game-changer for industries such as manufacturing and robotics, allowing businesses to fine-tune processes without the risk of real-world trial and error. This use of AI is more than just innovation; it represents Japan’s plan for addressing some major challenges ahead.

Japan faces a shrinking workforce presence as its population ages. With its strengths in robotics and automation, Japan is well-positioned to use AI solutions to bridge the gap. In fact, Japan’s government recently shared its vision of becoming “the world’s most AI-friendly country,” underscoring the perceived role AI will play in the nation’s future.

Supporting this commitment, Japan’s AI market hit $5.9 billion in value this year; a 31.2% growth rate according to IDC. New AI-focused consulting centres in Tokyo and Kansai give Japanese businesses hands-on access to NVIDIA’s latest technologies, equipping them to solve social challenges and aid economic growth.

Top cloud providers like SoftBank, GMO Internet Group, KDDI, Highreso, Rutilea, and SAKURA Internet are also involved, working with NVIDIA to build AI infrastructure. Backed by Japan’s Ministry of Economy, Trade and Industry, they’re establishing AI data centres across Japan to accelerate growth in robotics, automotive, healthcare, and telecoms.

NVIDIA and SoftBank have also formed a remarkable partnership to build Japan’s most powerful AI supercomputer using NVIDIA’s Blackwell platform. Additionally, SoftBank has tested the world’s first AI and 5G hybrid telecoms network with NVIDIA’s AI Aerial platform, allowing Japan to set a worldwide standard. With these developments, Japan is taking big strides toward establishing itself as a leader in the AI-powered industrial revolution.

(Photo by Andrey Matveev)

See also: NVIDIA’s share price nosedives as antitrust clouds gather

Want to learn more about AI and big data from industry leaders? Check out AI & Big Data Expo taking place in Amsterdam, California, and London. The comprehensive event is co-located with other leading events including Intelligent Automation Conference, BlockX, Digital Transformation Week, and Cyber Security & Cloud Expo.

Explore other upcoming enterprise technology events and webinars powered by TechForge here.

Tags: artificial intelligence, machine learning, Nvidia

[newspatron]

TCS Share Price Analysis: A Comprehensive Guide for Investors

Thank you for reading this article. We hope you have enjoyed it and learned something new. Please share your feedback, questions, or comments below. We would love to hear from you and answer your queries.

Time To Read TCS Share Price Analysis Tata Consultancy Services (TCS) is one of the leading IT services providers in the world, offering a range of solutions and services to various industries and sectors. TCS is also one of the most valuable companies in India, with a market capitalization of over 13 trillion rupees as of November 2023. TCS shares are traded on the Bombay Stock Exchange (BSE)…

[mobileappexpert321]

What are the Top app development companies in India? Explain by mobile app experts

There are so many app making companies in India that you will get tired of seeing them. There are many talented developers and companies with new ideas here. If you want to create a successful app, then you should have good options of companies so that you can make your app successful. In this article, we will tell you about some such top mobile app developer companies which will be very beneficial for you. Here are some companies which will be very useful for you:

1. Mobile App Experts

Mobile App Experts is a best app development company that is professional in creating best and high-quality apps. This company has a team of experienced developers who create apps for all platforms like iOS, android, etc. This company provides many services, like app design, development and testing. If you join this company, you will benefit a lot. Because this company works according to the needs of its clients.

2. TCS

Tata Consultancy Services is a very big IT service company. This company also has a lot of experience in app development. Which includes custom app development to mobile apps. Their focus is on quality and how to create apps in a new way.

3. Infosys

Infosys is also one of the top app development companies. Which has been standing in the app development market for many years. This company also provides many types of app development services, like cloud-based app development etc.

4. HCL Technologies

HCL technologies is a best services company which pays special attention to development. HCL provide many types of services such as IoT app development, where devices connect to each other and share data.

5. Tech Mahindra

Tech Mahindra is also a best IT company which stands very strongly in the international market. This company offers many types of app development services, such as block-chain app development, which is used for secure transactions and data sharing.

Why Choose Mobile App Experts?

There are many reasons why you should choose this company for your app development needs. Here are just a few:

• Experienced developer team: We have a team of experienced developers who can create apps for all major platforms.

• successful record: We have a successful record of delivering best and high-quality apps.

• different types of services: We provide different types of services including app design, development, testing, and deployment.

• Competitive pricing: We provide the lowest cost for our services.

• First-class customer service: We provide the superb service to our customers.

Conclusion

There are many top app development companies in India. If you want to associate with a best mobile app development company then our company MAE will be the best choice for you, because we work in the lowest budget as compared to other companies. So, contact us today and get the best app developed for you, that too at an affordable price.

[news365timesindia]

[ad_1] 5 min read Last Updated : Oct 11 2024 | 10:01 AM IST Shares of TCS fell as much as 2.09 per cent at Rs 4,140 per share on the BSE in Friday’s intraday deals after the company posted a modest quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25). Analysts believe that the earnings were satisfactory and were in line with their estimates, with an optimistic management waiting for a turnaround in the near future. This is based on the management's confidence on positive demand outlook, and improvement in the macro environment. However, analysts expect TCS as well as the sector to see a material uptick in growth from Q4FY25 onwards.  Click here to connect with us on WhatsApp  In the quarter under review all verticals recorded growth sequentially for TCS, except two including healthcare that declined 3.4 per cent and the telecom segment which also remained weak, said analysts at Nuvama Institutional Equities.  “Growth was primarily driven by the BSNL ramp-up. The decline in North America was surprising, but this was attributable to client-specific issues in healthcare and persistent weakness in the communications vertical,” said analysts at Motilal Oswal Financial Services (MOFSL).  On the other hand BFSI continued to show signs of recovery, particularly in North America, growing 1.9 per cent quarter-on-quarter Q-o-Q. Growth markets and E&U surged 13.1 per cent and 4 per cent Q-o-Q, respectively.  Vital signs Despite a subpar quarter, the company’s management remains optimistic about Gen AI, noting increased investments and a rise in client engagements to 600 in Q2 (up from 275 in Q1), with 86 projects going live compared to eight in Q1. They anticipate discretionary spending to improve in the coming quarters, with BFSI expected to continue its recovery, retail rebounding after a strong holiday season, and manufacturing addressing temporary supply chain issues. Additionally, investments in the travel vertical are also returning. The company’s total contract value or deal wins came in soft at $8.6 billion, but within management’s comfort range of $7–9 billion. Overall pipeline and qualified pipeline is at an all-time high, analysts noted.  “Management remains optimistic about demand revival as they see a recovery in BFSI and bottoming out of the retail vertical. We are cutting FY25E/26E EPS by -4.9 per cent/-3.9 per cent factoring in slightly lower growth and margins. We continue to value TCS at 30x Sep-26E PE. Maintain ‘Buy’ with a revised target price of Rs 5,100 (earlier Rs 5,250),” Vibhor Singhal, Nikhil Choudhary, and Yukti Khemani of Nuvama wrote in their result review note.  Analysts at Nomura also highlighted some positives on the IT sector, calling onset of the interest rate-cutting cycle and a potential thaw in decision-making by US corporates post US elections which may provide fillip to demand. They expect TCS’s revenue growth of 6.3-7.5 per cent year-on-year in FY25-26F (versus 4.1 per cent in FY24), adding that this depends on an improvement in deal wins. However, not everyone is onboard with a positive outlook for TCS, as analysts at Emkay said that weak discretionary spending, client-specific challenges, slower decision-making, and client’s cautious behaviour amid macro uncertainties still weighed on revenue growth of the company in the September quarter.  The brokerage firm reduced its earnings estimates by 1.2-2.4 per cent for FY25-27 considering the Q2 miss. Nomura, too, cut its earning per share (EPS) estimates by 1.6 per cent and 2.4 per cent for FY25 and FY26F, respectively driven largely by margin cut."Given the lack of any near-term trigger, we retain ‘Reduce’ with target of Rs 4,500/sh at 28x Sep-25E EPS,” said those at Emkay.Globally, most brokerages stayed bullish on TCS for the long term, highlighting steady hiring trends and continued recovery in BFSI as positive factors. Jeffries maintained its ‘Buy’ rating on the stock with a target price of Rs 4,735.

Those at JP Morgan, too, maintained their overweight stance on the stock with a target of Rs 5,100. Meanwhile, Japanese brokerage firm Nomura gave a ‘Neutral’ call on the stock with a target of Rs 4,150. Financial print in Q2 TCS reported a net profit of Rs 11,909 crore for the quarter, a 5 per cent increase from Rs 11,342 crore in the same quarter last year, although it dipped 1.08 per cent sequentially. Revenue rose 7.6 per cent year-on-year to Rs 64,259 crore, with a sequential growth of 2.62 per cent. In constant currency, revenue increased by 5.5 per cent, while net income saw a 3.8 per cent year-on-year rise.  The total contract value (TCV) of new deals for the September quarter edged up to $8.6 billion from $8.3 billion in Q1, but this marked a 23 per cent decline from $11.2 billion in Q2FY24. The EBIT margin for 2QFY25 was 24.1 per cent, reflecting a 60 basis point drop quarter-on-quarter and a 20 basis point decline year-on-year.At 09:40; the share price of TCS was trading 0.67 per cent lower at Rs 4,200 a piece. By comparison, the BSE Sensex was down 0.23 per cent at 81,425 level.  First Published: Oct 11 2024 | 9:52 AM IST [ad_2] Source link

[news365times]

[ad_1] 5 min read Last Updated : Oct 11 2024 | 10:01 AM IST Shares of TCS fell as much as 2.09 per cent at Rs 4,140 per share on the BSE in Friday’s intraday deals after the company posted a modest quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25). Analysts believe that the earnings were satisfactory and were in line with their estimates, with an optimistic management waiting for a turnaround in the near future. This is based on the management's confidence on positive demand outlook, and improvement in the macro environment. However, analysts expect TCS as well as the sector to see a material uptick in growth from Q4FY25 onwards.  Click here to connect with us on WhatsApp  In the quarter under review all verticals recorded growth sequentially for TCS, except two including healthcare that declined 3.4 per cent and the telecom segment which also remained weak, said analysts at Nuvama Institutional Equities.  “Growth was primarily driven by the BSNL ramp-up. The decline in North America was surprising, but this was attributable to client-specific issues in healthcare and persistent weakness in the communications vertical,” said analysts at Motilal Oswal Financial Services (MOFSL).  On the other hand BFSI continued to show signs of recovery, particularly in North America, growing 1.9 per cent quarter-on-quarter Q-o-Q. Growth markets and E&U surged 13.1 per cent and 4 per cent Q-o-Q, respectively.  Vital signs Despite a subpar quarter, the company’s management remains optimistic about Gen AI, noting increased investments and a rise in client engagements to 600 in Q2 (up from 275 in Q1), with 86 projects going live compared to eight in Q1. They anticipate discretionary spending to improve in the coming quarters, with BFSI expected to continue its recovery, retail rebounding after a strong holiday season, and manufacturing addressing temporary supply chain issues. Additionally, investments in the travel vertical are also returning. The company’s total contract value or deal wins came in soft at $8.6 billion, but within management’s comfort range of $7–9 billion. Overall pipeline and qualified pipeline is at an all-time high, analysts noted.  “Management remains optimistic about demand revival as they see a recovery in BFSI and bottoming out of the retail vertical. We are cutting FY25E/26E EPS by -4.9 per cent/-3.9 per cent factoring in slightly lower growth and margins. We continue to value TCS at 30x Sep-26E PE. Maintain ‘Buy’ with a revised target price of Rs 5,100 (earlier Rs 5,250),” Vibhor Singhal, Nikhil Choudhary, and Yukti Khemani of Nuvama wrote in their result review note.  Analysts at Nomura also highlighted some positives on the IT sector, calling onset of the interest rate-cutting cycle and a potential thaw in decision-making by US corporates post US elections which may provide fillip to demand. They expect TCS’s revenue growth of 6.3-7.5 per cent year-on-year in FY25-26F (versus 4.1 per cent in FY24), adding that this depends on an improvement in deal wins. However, not everyone is onboard with a positive outlook for TCS, as analysts at Emkay said that weak discretionary spending, client-specific challenges, slower decision-making, and client’s cautious behaviour amid macro uncertainties still weighed on revenue growth of the company in the September quarter.  The brokerage firm reduced its earnings estimates by 1.2-2.4 per cent for FY25-27 considering the Q2 miss. Nomura, too, cut its earning per share (EPS) estimates by 1.6 per cent and 2.4 per cent for FY25 and FY26F, respectively driven largely by margin cut."Given the lack of any near-term trigger, we retain ‘Reduce’ with target of Rs 4,500/sh at 28x Sep-25E EPS,” said those at Emkay.Globally, most brokerages stayed bullish on TCS for the long term, highlighting steady hiring trends and continued recovery in BFSI as positive factors. Jeffries maintained its ‘Buy’ rating on the stock with a target price of Rs 4,735.

Those at JP Morgan, too, maintained their overweight stance on the stock with a target of Rs 5,100. Meanwhile, Japanese brokerage firm Nomura gave a ‘Neutral’ call on the stock with a target of Rs 4,150. Financial print in Q2 TCS reported a net profit of Rs 11,909 crore for the quarter, a 5 per cent increase from Rs 11,342 crore in the same quarter last year, although it dipped 1.08 per cent sequentially. Revenue rose 7.6 per cent year-on-year to Rs 64,259 crore, with a sequential growth of 2.62 per cent. In constant currency, revenue increased by 5.5 per cent, while net income saw a 3.8 per cent year-on-year rise.  The total contract value (TCV) of new deals for the September quarter edged up to $8.6 billion from $8.3 billion in Q1, but this marked a 23 per cent decline from $11.2 billion in Q2FY24. The EBIT margin for 2QFY25 was 24.1 per cent, reflecting a 60 basis point drop quarter-on-quarter and a 20 basis point decline year-on-year.At 09:40; the share price of TCS was trading 0.67 per cent lower at Rs 4,200 a piece. By comparison, the BSE Sensex was down 0.23 per cent at 81,425 level.  First Published: Oct 11 2024 | 9:52 AM IST [ad_2] Source link

[investspherewealth]

How does the IPO Book Building Process work?

A business that is planning to go public and earn capital needs to think about the Initial Public Offering (IPO). The Book Building Process is one of the most prevalent techniques to figuring out an IPO's price. It is an important step in a company's journey to the stock market when its dynamic valuation mechanism enables market forces to play an important part in setting the issue price of shares. We'll discuss the definition, operation, and historical development of the book building process in this piece on the blog, as well as how Investsphere can help you learn about and navigate this significant IPO environment.

Understanding the Book Building Process

Organization use the book building process in order to figure out the price at which their shares will be handed over in an initial public offering (IPO). Similar to the fixed price methodology, which sets the price in previously, book building allows investors to make proposals within a range that the business establishes. Offers that can be submitted by investors who indicate how many shares they intend to purchase and how much they are willing to pay. The most efficient price discovery can be accomplished by receiving offers and determining the final price based on demand at various price points. The company, investors, and underwriters' interests are all more closely linked because of this approach.

Key Steps in the Book Building Process

The business and its underwriters determine a price range for the initial public offering (IPO) before beginning the book building process. Typically, this range is established by taking into consideration a number of variables, that include the business's financial health, the state of the market, and investor mentality. Investors submit offers during the time frame for bidding, describing the quantity of shares and the price they are willing to pay. The data is examined after the bidding terminates to determine the ideal price that strikes a balance between supply and demand for the shares. In the last round, investors are allotted shares according to the prices and quantities of their offers, with higher bids within the band often being given preference.

 

Advantages of the Book Building Process

There is a lots of benefits that the book building process possesses over standard fixed-price solutions to them. It enables this by providing a clear and effective process for price discovery that reflects actual market demand and minimizes the possibility of under- or overpricing the shares. In addition, it enables businesses to determine investor interest and modify price as necessary to guarantee a successful IPO first appearance. Additionally, as institutional investors are more likely to keep shares for an extended period of time, incorporating them early in the process produces a more stable post-listing environment.

Historical Context of the Book Building Process

In the 1980s, the concept of book building first came up in the United States and soon became well-liked due to its transparency and efficiency. The book building process was first officially established by the Securities and Exchange Board of India (SEBI) in 1999, entirely changing the way of initial public offerings (IPOs) were carried out in that region. Fixed-price offers, which were typically used to price initial public offerings (IPOs), sometimes resulted in mispricing and volatility. Since then, the use of book building in IPOs has increased in success and stability; TCS, Infosys, and Reliance Industries are just a few of the organizations that have successfully fixed their share prices using this approach.

How Investsphere Can Help

The main aim of the Investsphere is to educate investors on complicated financial procedures, such as book building in initial public offerings (IPOs). We simplify the IPO trajectory with expert knowledge, guidance, and personalized advice so that investors may make well-informed decisions. Investsphere offers thorough assessments of future initial public offerings (IPOs), including details on the price range, bidding agendas, and market mood. Investors may obtain a competitive advantage and feel confidently ready to engage in the IPO market by keeping up to date with Investsphere.

Conclusion

An essential element in modern IPOs is the book building process, providing an efficient, market-driven technique for share valuation. It guarantees an equal and transparent process that helps both companies and investors by enabling investor bids to set the ultimate price. Knowing the particulars of book building could assist investors make more smarter choices as the IPO environment develops. By using tools such as Investsphere, you can remain on top of developments and effectively navigate the IPO landscape.

Disclaimer

This content is for educational purposes only and should not be construed as financial advice. Investing in IPOs carries risks, and individuals should conduct their own research or consult with a financial advisor before making investment decisions.

Website: investspherewealth.com

[financialeducationsip]

Small-Cap vs Large-Cap Mutual Funds: A Comprehensive Guide

When it comes to building a diversified investment portfolio in India, one of the key decisions you’ll need to make is whether to invest in small-cap or large-cap mutual funds. Both offer unique advantages, but the right choice depends on your financial goals, risk tolerance, and investment horizon..

What are Mutual Funds?

The Basics of Mutual Funds

Mutual funds pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. Professional fund managers handle the investments, aiming to generate returns in line with the fund’s objective. In India, mutual funds are a popular way for investors to participate in the stock market without directly buying stocks.

Different Types of Mutual Funds

Mutual funds come in different varieties, such as equity funds, debt funds, and hybrid funds. This article will focus on equity mutual funds, specifically small-cap and large-cap funds, which invest primarily in shares of companies listed on Indian stock exchanges.

Understanding Market Capitalization

What is Market Capitalization?

Market capitalization, or market cap, is the total value of a company’s outstanding shares in the stock market. It is calculated by multiplying the share price by the number of outstanding shares. In India, companies are classified into different categories based on their market capitalization: small-cap, mid-cap, and large-cap.

Categories of Market Capitalization

Small-Cap

Small-cap companies have a market capitalization of up to ₹5,000 crore. These companies are typically in the early stages of growth and have significant potential for expansion, but they are also more volatile and risky.

Large-Cap

Large-cap companies have a market capitalization of more than ₹20,000 crore. These are well-established companies with a long history of stable performance. In India, companies like Reliance Industries, HDFC Bank, and TCS are examples of large-cap companies.

What are Small-Cap Mutual Funds?

Characteristics of Small-Cap Mutual Funds

Small-cap mutual funds invest primarily in companies with smaller market capitalizations. These funds target companies that are still in the growth phase and may have higher potential for long-term gains. However, since these companies are less established, small-cap funds tend to be more volatile and can fluctuate widely based on market conditions.

Risk and Rewards of Small-Cap Funds

The biggest attraction of small-cap mutual funds is their potential for higher returns. Since small-cap companies are in their growth stage, they have the potential to grow quickly, offering significant returns to investors. However, these funds come with higher risk, as smaller companies are more likely to be affected by market downturns or economic challenges.

For example, a small-cap company with a market capitalization of ₹3,000 crore could double in value over a few years, giving substantial returns. On the flip side, such companies can also lose value rapidly if the market conditions turn unfavorable.

What are Large-Cap Mutual Funds?

Characteristics of Large-Cap Mutual Funds

Large-cap mutual funds invest in well-established companies with a large market capitalization. These companies are industry leaders and have a long track record of performance, making large-cap mutual funds more stable and less risky compared to small-cap funds.

Risk and Rewards of Large-Cap Funds

Large-cap funds are generally less volatile and more predictable than small-cap funds. While they may not offer the same explosive growth potential, they provide steady returns over time. For instance, investing in a large-cap mutual fund focused on companies like Infosys or ITC would generally offer stable returns even during periods of market uncertainty.

Investors can expect consistent, though moderate, returns from large-cap funds, making them suitable for those seeking long-term wealth creation without too much risk.

Comparing Small-Cap and Large-Cap Mutual Funds

Growth Potential

Small-cap mutual funds generally offer higher growth potential than large-cap funds, as they invest in companies that are still expanding. If you're willing to take on more risk, small-cap funds could yield higher returns.

Risk Factor

Small-cap funds are inherently riskier, as these smaller companies are more sensitive to economic fluctuations. Large-cap funds, on the other hand, tend to be more stable, with lower risks due to the maturity and market position of the companies they invest in.

Volatility

Small-cap funds are far more volatile compared to large-cap funds. A market correction can drastically impact small-cap stocks, whereas large-cap stocks are usually more resilient and less affected by short-term fluctuations.

Liquidity

Large-cap mutual funds are generally more liquid, meaning that it's easier to buy and sell shares without significantly affecting the stock price. Small-cap stocks, on the other hand, can be less liquid, which means they may experience larger price fluctuations when traded.

Investment Horizon

Small-cap mutual funds are typically recommended for investors with a long-term horizon of 7 to 10 years, as they need time to realize their growth potential. Large-cap funds, on the other hand, can be a good fit for both short-term and long-term investors due to their stability.

Which Should You Choose?

For Aggressive Investors

If you are an aggressive investor with a high risk appetite and a long-term investment horizon, small-cap mutual funds may be a better choice. They offer higher returns but come with increased volatility.

For Conservative Investors

If you're a conservative investor who prefers stability and lower risk, large-cap mutual funds are a better option. They offer steady growth and are less susceptible to market volatility, making them a safer investment choice.

Performance Over Time: Historical Trends

Historical Performance of Small-Cap Funds

Historically, small-cap funds have delivered higher returns during bullish markets in India. For example, in a growing market, a small-cap mutual fund could deliver annual returns of 15%–20% or more. However, during a market downturn, these funds may suffer significant losses.

Historical Performance of Large-Cap Funds

Large-cap funds have consistently delivered stable returns, generally in the range of 8%–12% annually. During periods of market volatility, large-cap funds tend to perform better than small-cap funds due to the stability of the companies they invest in.

Tax Implications of Small-Cap and Large-Cap Funds

In India, capital gains from mutual funds are taxed based on the duration of the investment. For both small-cap and large-cap mutual funds:

Short-term capital gains (STCG): If units are sold within one year, the gains are taxed at 15%.

Long-term capital gains (LTCG): If units are sold after one year, gains over ₹1 lakh are taxed at 10% without indexation benefits.

Key Points to Consider Before Investing

Risk Appetite: Consider how much risk you're comfortable taking.

Investment Horizon: Small-cap funds suit long-term investors, while large-cap funds can work for both short- and long-term goals.

Market Trends: Keep an eye on market conditions before investing.

Diversification: A mix of both small-cap and large-cap funds can offer a balanced portfolio.

Conclusion: Finding the Right Balance for Your Portfolio

In the end, the choice between small-cap and large-cap mutual funds depends on your individual financial goals and risk tolerance. A well-balanced portfolio could include both types of funds, allowing you to benefit from the growth potential of small-cap companies while enjoying the stability of large-cap firms. Consulting a financial advisor can also help you make the best choice tailored to your needs.

FAQs

Are small-cap funds riskier than large-cap funds?

Yes, small-cap funds are riskier due to the volatile nature of small companies. Large-cap funds are generally more stable.

Can I invest in both small-cap and large-cap mutual funds?

Yes, many investors choose to invest in both to balance high growth potential with stability.

Which type of fund performs better during economic downturns?

Large-cap funds tend to perform better during economic downturns because of the stability and financial strength of the companies they invest in.

How do I know which mutual fund is right for me?

Consider your risk tolerance, investment goals, and time horizon when choosing between small-cap and large-cap funds. Consulting a financial advisor can also provide personalized guidance.

What is the role of a financial advisor when choosing between small-cap and large-cap funds?

A financial advisor can help assess your risk tolerance, time horizon, and financial goals to recommend the best mix of small-cap and large-cap funds for your portfolio.