Fifteen years ago, the sector was relatively young, but now with established tech companies like Apple, Microsoft and Facebook leading the charge and better tech representation among the SP 500, the industry has matured, according to Angelo Zino, analyst at SP Capital IQ, in a phone interview.
Posts tagged MC
Tech bubble: This is ‘money in your mattress’ time (12-10-2015)
Large-cap equity, debt funds underperform in last 5 yrs (12-10-2015)
As per the report, 28 percent of funds in the large-cap index underperformed the SP BSE 100 over the one-year period.
Lanco pre-closes Yes Bank loan, sees turnaround in 2-3 yrs (12-10-2015)
Lanco has recently concluded the sale of its Udupi Power plant to Adani for Rs 6,300 crore. The transaction is considered as one of the largest takeovers in the country’s thermal power space.
Dell to buy EMC in deal worth about $67 billion (12-10-2015)
The transaction marks the largest technology sector deal on record, topping U.S. chipmaker Avago Technologies’ USD 37 billion offer for rival Broadcom. That deal is still in process.
Sept CPI comes in at 4.41%; Aug factory output at 6.4% (12-10-2015)
A CNBC-TV18 poll had shown the index of industrial production (IIP) for the month of August rising to 5 percent and September Consumer Price Index (CPI) to come in at 4.49 percent
Sensex sheds 175 pts; Infosys drags IT index, metals shine (12-10-2015)
Technology stocks plunged after Infosys revised its FY16 dollar revenue guidance to 6.9-8.4 percent from 7.2-9.2 percent to factor in a stronger rupee. Its tepid volume growth in Q2 and CFO Rajiv Bansal’s resignation also caused selling pressure in the stock but earnings were far better than expectations.
TCS Q2 net seen up 6.5%, $ revenue growth may be 3.6%: Poll (12-10-2015)
Dollar revenue growth may be 3.6 percent at USD 4,181 million in the quarter ended September 2015 and 4.2-4.3 percent in constant currency.
Buy Mafatlal Industries; target of Rs 265: Firstcall (12-10-2015)
Firstcall Research is bullish on Mafatlal Industries and has recommended buy rating on the stock with a target price of Rs 265 in its research report dated October 10, 2015.
Hold Indusind Bank; target of Rs 1020: Edelweiss (12-10-2015)
Edelweiss has recommended Hold rating on Indusind Bank with a target price of Rs 1020 in its research report dated October 9, 2015.
SC asks CBI to investigate Hindalco on bribery allegation (12-10-2015)
This comes after the CBI discovered a diary allegedly detailing flown of kickbacks from Hindalco to the Environment Ministry along with Rs 25 crore from Hindalco premises.