Infosys shares fall 5% on downgrade reports
Shares of IT services major Infosys fell five per cent in early trade today amid reports of stock downgrade.
End of bull run for IT stocks, says Citi
If a report released by Citi Research is to be believed, run up in IT services stocks is nearing its end. The strong outperformance of nearly 45 per cent over the last two years as compared to the broad market makes these companies fully valued on a relative basis.
Sandesh zooms over 40% in two days on heavy volumes
Shares of Sandesh has surged 18% to Rs 512, extending its previous day’s rally, on back of heavy volumes in otherwise subdued market.
Dynamatic Technologies hits record high
Dynamatic Technologies has surged 8% to Rs 2,405, extending its previous day’s 5% rally on BSE, on reports that the company is expected to bag the biggest block of licences for manufacturing unmanned aerial vehicles (UAVs).
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