CapitalHeight:The Best Week to Buy Stock

Posted by CapitalHeight on April 24th, 2018

CapitalHeight The Tata Consultancy Services (TCS) share clocked its biggest single-day gain in six years of 7% on Friday, taking its market capitalization up by Rs 42,497 crore (.4 billion) to Rs 6.53 lakh crore, tantalizingly close to 0 billion. At Friday’s close, the software major’s market cap is just .4 billion shy of the milestone. In fact, if the rupee was a little stronger the company might have hit the mark on Friday itself. The stock witnessed a strong rally to close at Rs 3,406.40 on the BSE. The National Stock Exchange (NSE) is unlikely to take the legal route to counter the Singapore Exchange’s (SGX’s) move to launch trading in new India products.  

Indian bonds tumbled as unexpectedly hawkish central bank minutes added to the pressure of higher oil prices, boosting bets policy makers will raise interest rates. The rupee fell to its weakest in more than a year. The nation’s 10-year yield closed nine basis points higher at 7.72 percent in Mumbai, after jumping as much as 17 basis points earlier. It climbed 29 basis points this week. The rupee fell past 66 per dollar to the lowest level since March 2017, as foreign funds pared holdings of local-currency debt for a fifth day on Thursday.

In Q4 FY18, Cyient reported dollar revenue of 5 million, a sequential growth of 8.3% (17% YoY) led by double-digit growth in both services and design-led manufacturing (DLM) businesses. Geographically, Europe, West Asia and Africa (EMEA) region (31% YoY) led the growth in revenue. In terms of industry verticals, communications, transportation and semiconductor continued with their growth momentum.The company has launched a New Business Accelerator (NBA) programme with a focus on developing new products and services.  For More Information Click here: CapitalHeight