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Sowilo Investment Managers' Sandip Agarwal suggests caution for Indian IT. Accenture's CY25 outlook is uncertain. This casts doubt on Indian IT's H2 recovery hopes. While numbers are good, outsourcing weakness and Accenture's commentary raise concerns. IT stock valuations seem high. A bottom might appear when companies delay pay and offers. Currently, risk outweighs reward in the IT sector.
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News and Media
Iran's Press TV had earlier reported that parliament had approved a plan to close the Strait.
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News and Media
Zee Entertainment shares surged over 10% after the company outlined plans to achieve breakeven in its digital arm Zee5, boost ad revenue by 810%, and raise operating margins. Strategic initiatives include improving viewership, strengthening liquidity, and issuing warrants to enhance capital.
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News and Media
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