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Wipro beats HCL Tech in m-cap; becomes 3rd most valued IT company in India

Wipro beats HCL Tech in m-cap; becomes 3rd most valued IT company in India

Wipro share price hit Rs 486.70 apiece on BSE today, taking the company’s total market capitalisation to Rs 2.65 lakh crore. IT major Wipro has pipped HCL Technologies in terms of market capitalisation and has become the third most valued Indian IT firm. Wipro stood at 12th position in the overall ranking with a market capitalisation of Rs 2.66 lakh crore, as on April 22, according to BSE data. HCL Technologies was at the 13th position with a market capitalisation of Rs 2.60 lakh crore. Improving deal wins, strong fourth-quarter results, weakening rupee, and strong buying in defensive sectors like IT and consumer have led to Wipro outperforming its other IT peers, according to an analyst. “Technically, Rs 465-470 remains a strong support and target of Rs 515 looks highly likely in the coming weeks,” AR Ramachandran, Co-founder & Trainer, Tips2Trades, told Financial Express Online.

On the back of healthy quarter earnings for the January-March quarter of FY21, Wipro share price rose to hit a fresh 52-week of Rs 494.50 apiece on Thursday. Wipro stock was trading muted on Friday at Rs 484.85 apiece. HCL Technologies share price was up 1.14 per cent at Rs 972.10 apiece. In comparison, S&P BSE Sensex was trading 172 points or 0.36 per cent up at 48,253. According to an analyst, Wipro underperformed on revenue growth against HCL Technologies and other large IT names over the last decade.

“Recent restructuring efforts, which include simplified operating structure, step-up in capability upgrade and talent management under new leadership bode well for Wipro in the medium term,” Suyog Kulkarni, Senior Research Analyst at Reliance Securities, told Financial Express Online. Wipro has witnessed a strong acceleration in large deal wins which Kulkarni believes provides higher visibility of low double-digit revenue growth over FY22. “Additionally, Capco acquisition is likely to enhance Wipro’s BFSI vertical capabilities which will aid in large transformation deal wins. We have a buy recommendation on the stock with a 2-year target price of Rs 565 apiece,” he added.

Wipro announced its commitment to achieving Net-Zero Greenhouse Gas (GHG) emissions by 2040 in line with the objective of the Paris Agreement to cap temperature rise to 1.5°C. “Wipro, while unveiling its pledge on Earth Day, also set an intermediate target of a 55 per cent reduction in GHG emissions by 2030 in absolute emission levels compared to its base year of 2016-17 (April-March),” the press release said

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Share market in for ‘sharp correction’ soon; Credit Suisse favours cyclicals over defensive stocks

Share market in for ‘sharp correction’ soon; Credit Suisse favours cyclicals over defensive stocks

Indian share markets are expected to see a ‘sharp correction’ soon, as profit booking continues in the coming weeks, Credit Suisse said. “We believe the equity market could see some further profit booking in coming weeks, but we expect this correction to be very sharp and to not last long,” Jitendra Gohil, Head of India Equity Research, and Premal Kamdar, Equity Research Analyst, Credit Suisse, said in a note. Sensex has turned negative year to date, falling 9% from mid-February highs.

The global investment manager is, however, not advising investors to turn away from domestic markets. Instead, Credit Suisse said that it recommends investors to use this correction as a buying opportunity from a 6-to-9-month perspective. “While our global Investment Committee (IC) acknowledges near-term challenges in equities, it maintains a positive outlook on equities from a medium-term perspective, given the overall favourable growth prospects and ultra-loose monetary policies,” they added.

Banking on growth to rebound sharply in the second half of the fiscal year, analysts at Credit Suisse prefer cyclicals over defensives and mid-caps over large-caps. “We continue to prefer large banks, industrials and export-sensitive sectors like metals and chemicals. We also continue to prefer mid-caps given our expectation of a broad-based recovery in the second half of this fiscal year,” the note said.

In the bond market, Credit Suisse said that the Reserve Bank of India’s quantitative easing is likely to keep government bond yields range-bound despite higher-than-expected supply and elevated inflation. This has led them to prefer corporate bonds over treasuries, with a preference for 1 to 3-year duration bonds.

India is grappling with the second wave of the coronavirus pandemic and the continuous spike in daily case count has led some states to announce restrictions on economic activity. While the restrictions could impact growth, Credit Suisse believes India Inc is better positioned to tackle the challenges this time.

Currently, the consensus growth projections for India forecast for India stands between 10.5% to 12.5% for the fiscal year. However, the spike in cases, going from 10,00 in February to 3 lakh in April has led to lockdowns that may impact projections. However, there is still hope for India. “Even if we assume a cut of about 100–150 bp to India’s GDP, India can still deliver low double-digit real-GDP growth in FY 2022, the fastest growth in the world,” the note added.

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Petrol and diesel price today 20 April 2021: Fuel cost unchanged; check rates in Mumbai, Delhi here

Petrol and diesel price today 20 April 2021: Fuel cost unchanged; check rates in Mumbai, Delhi here

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were unchanged today for the fourth day running. Fuel prices were cut on April 15 after having remained unchanged for fifteen consecutive days earlier. Today Petrol price in Delhi is Rs 90.40 per litre, 16 paise cheaper than yesterday, while Diesel prices were at Rs 80.73 per litre, down 14 paise. Fuel prices remain the highest in Mumbai at Rs 96.83 per litre for Petrol. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices on a daily basis in line with benchmark international price and foreign exchange rates.

Mumbai’s petrol cost is the highest across major cities today at Rs 96.83 per litre while Diesel in the country’s financial capital costs Rs 87.81 per litre. The divergence in prices between Delhi and Mumbai is owing to different prices in different cities. Petrol and Diesel prices are fixed on the basis of freight charges, local taxes, and VAT.

Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Hyderabad, UP, Punjab, Haryana, Pune
Chennai: Petrol prices – Rs 92.43 per litre; Diesel prices – Rs 85.75 per litre
Kolkata: Petrol prices – Rs 90.62 per litre; Diesel prices – Rs 83.61 per litre
Pune: Petrol prices – Rs 96.47 per litre; Diesel prices – Rs 86.13 per litre
Bengaluru: Petrol prices – Rs 93.43 per litre; Diesel prices – Rs 85.60 per litre
Hyderabad: Petrol prices – Rs 93.99 per litre; Diesel prices – Rs 88.05 per litre
Noida (UP): Petrol prices – 88.79 per litre; Diesel prices – Rs 81.19 per litre
Mohali (Punjab): Petrol prices – Rs 92.62 per litre; Diesel prices – 83.58 per litre
Chandigarh: Petrol prices 86.99 per litre; Diesel prices – Rs 80.43 per litre
Gurugram (Haryana): Petrol prices – Rs 88.37 per litre; Diesel prices – Rs 81.31 per litre
Crude Oil jumps
Crude oil prices were up on Tuesday morning. US WTI crude futures for May traded at $63.57 per barrel, while Brent crude futures were up at $67.33 per barrel, according to Reuters.

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Investors’ wealth tumbles over Rs 3.70 lakh cr as markets crack

Investors’ wealth tumbles over Rs 3.70 lakh cr as markets crack

Investors’ wealth in morning trade on Monday tumbled over Rs 3.70 lakh crore as markets went into a tailspin amid record surge in coronavirus cases in India. The 30-share BSE benchmark index tanked 1,469.32 points to 47,362.71 in early trade.

Following the massive selloff, the market capitalisation of BSE-listed companies declined by Rs 3,70,729.4 crore to Rs 2,01,60,016.60 crore in morning trade. IndusInd Bank, Axis Bank, Bajaj Auto, SBI and ICICI Bank were the biggest drags among the BSE 30-share frontline companies’ list.

India’s total tally of COVID-19 cases crossed 1.50 crore with a record single-day rise of 2,73,810 new coronavirus infections, while the active cases surpassed the 19-lakh mark, according to the Union Health Ministry data updated on Monday.

“The health crisis India is going through and localised lockdowns and restrictions on economic activity warrant a market correction. The steady rise in test positivity cases and the steady decline in recovery rates are areas of serious concern. But, this negativity need not reflect fully in the market since the global clues are positive,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

In the previous trading session, the BSE benchmark closed 28.35 points or 0.06 per cent higher at 48,832.03.

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Who is the best SEBI registered Research Analyst in India?

Best SEBI Registered Research Analyst

Who is the best SEBI registered Research Analyst in India?
  1. Who is a Research Analyst?
  2. Who is SEBI registered Research Analyst?
  3. How to find genuine and authentic SEBI registered Research Analyst?
  4. Are all SEBI registered Research analyst are trustworthy or reliable?
  5. How to find best SEBI registered stock advisory company?
  6. How to find Best SEBI registered research analyst?
  7. About Best SEBI registered Research Analyst:
  8. Eqwires – Best SEBI registered Research Analyst:
  9. Eqwires – Best SEBI registered Telegram Channel:
  10. Eqwires – Best Options trading Telegram Channel:

Who is a Research Analyst?

Research Analysts are professionals who prepare research reports on the securities market and provide research recommendations or reports to their clients. Research Analysts are often called equity analysts or investment analysts. Stock market Research Analyst provides Buy, Sell or Hold recommendations to their clients based on their research and analysis.

Who is SEBI registered Research Analyst?

A Research analyst has to be registered with SEBI (Securities and Exchange Board of India) and those who are registered with SEBI as a research analyst under the regulation are called SEBI registered Research Analyst. It’s compulsory to obtain SEBI registration in India in order to provide any kind of recommendations related to investments in Financial markets. Those who are not registered with SEBI and don’t have appropriate licenses to provide recommendations are doing unfair practices and we always suggest our clients or proposed clients don’t follow unregistered people.

Research analyst who are individual or partnership firm is required to have a minimum net worth of Rs 1 lac and those who are a body corporate or LLP are required to have a minimum net worth of Rs 25 lacs. After proper evaluation of financials, qualifications, and skills, SEBI provides research analyst certificates and those who have SEBI registration certificates can only provide research reports and research recommendations.

How to find genuine and authentic SEBI registered Research Analyst?

As soon as you find any investment advisor or research analyst providing services related to investment or trading in the stock market, you just have to ask for their SEBI registration number. Each registered intermediary has its own SEBI registration number with a valid license. If they provide their registration number, you can verify the same through the SEBI website www.sebi.gov.in If their number and name match the details provided to you, they are authentic SEBI registered Investment advisor or research analyst. If their details don’t match or they don’t provide their registration number, don’t follow them at all. Just go for a registered investment advisor or research analyst only.

Please note that providing any kind of research recommendations, investment advice, or tips to anyone without getting a SEBI license is a punishable offense and SEBI takes strict legal action against unregistered tips providers. If you are a client and using services from any unregistered company, SEBI will not listen to you in case of any fraud or cheat and there are maximum chances of frauds through unregistered tips providers so never follow any unregistered company or person.

Are all SEBI registered Research analyst are trustworthy or reliable?

Obtaining SEBI registration doesn’t mean that person or a company is reliable in terms of investment recommendations. Registration is a first process that everyone has to complete but the quality of services and reliability is depending upon their track record. Many investment advisors or research analyst takes certificate but they don’t have sufficient knowledge to carry out thorough research and don’t have sufficient experience of practical things in the stock market. Some have only theoretical knowledge so we always suggest checking their past records and checking their live trading results in order to safeguard yourself. Eqwires is having vast experience in stock market in-depth analysis and we have the best clients’ retention ratio in this industry. Eqwires is the best and top-notch SEBI registered research analyst in India. 

How to find best SEBI registered stock advisory company?

There are numerous SEBI registered stock advisory companies in India registered as Investment advisors, research analysts, or Portfolio Manager. Most important thing is to find out the best amongst them because only a registered stock advisory company is not sufficient to give you the best results. Best SEBI registered stock advisory company or top SEBI registered Research Analyst will give all information about their services and products transparently. Genuine advisory companies will not hide anything from their clients. Ethical SEBI registered Research Analyst or Best SEBI registered Investment Advisor will share risk associated investment in the stock market. Best SEBI registered stock advisory company gives at least 80% genuine results in the stock market. If 8 recommendations out of 10 are profitable, it’s reliable and can give good results in the future. Never believe in a tall claims website that just claims big profits but gives nothing once you subscribe. Eqwires not only gives transparent guidance to everyone but also shares each and every detail before joining the services. We have shared all the necessary information about our services on our website so that anyone can get transparent and genuine information. Eqwires is Best SEBI registered stock advisory company in India providing the best, genuine, and ethical services in the stock market.

How to find Best SEBI registered research analyst?

There are more than 700 SEBI registered Research Analyst who obtained SEBI registration out of which many are from brokerage companies that are not providing services to their individual clients. There are hardly 300 to 400 SEBI registered research analyst are available who are individually providing services to retail clients. Some of them are inactive who have obtained registration but not providing services.

Now finding Best SEBI registered Research Analyst is a tough task because everyone will say that they are the best but you can’t believe everyone. First of all you have to see their registered office, research facility, their working strategy and trading patterns, skills of their team, and their infrastructure. These are primary requirements for any research analyst. You should never trust any unregistered service provider however they represent and claim about their services.

Best SEBI registered research analyst provides investment or trading recommendations after proper research. We have the best research facility with a highly qualified research team and well-trained qualified relationship managers. Our client retention ratio is more than 95% which is our biggest achievement in this industry because clients satisfaction and retention says everything about any company’s services and due to this Eqwires is the Best SEBI registered research analyst, Genuine, and most reliable SEBI registered stock advisory company in India. Eqwires is the Most successful SEBI registered Research Analyst in India.

About Best SEBI registered Research Analyst:

There are certain qualities that clarify that this is the Best SEBI registered Research Analyst so below are the qualities of a Best SEBI registered Research Analyst:

Transparency: There should be complete transparency in the services being offered to clients because 95% of SEBI registered Research Analyst fail to maintain transparency and gives false commitment in order to get payments.

Responsibility: Best SEBI registered Research Analyst should be responsible for their duties and whatever services they are offering, it should be with proper risk management. 100% success rate is not possible anywhere but Best SEBI registered Research Analyst should be responsible for the recommendations they are providing to their investors.

Integrity: We hardly find integrity in SEBI registered Research Analyst because honesty and strong principles make any SEBI registered Research Analyst the best one.

Commitment: Best SEBI Research Analyst or advisors should be committed to their research and recommendations. We have seen many irresponsible service providers who just provide random trades and don’t care after providing trading recommendations. The best and Genuine SEBI registered Research Analyst should be committed to his quality of services.

Accountability: Most of the SEBI registered Research Analyst are not accountable for the services they have offered. They just wanted to make money from you like their professional charges which they already received and afterward, they are not accountable for the services they are offering. So there must be a responsibility and accountability in Best SEBI registered Research Analyst.

Persistence: Best SEBI registered Research Analyst should be persistent. They should stick to their quality research and core values in order to provide the best services consistently. If any advisor is giving good service for a few days is not enough. They must be persistent.

Discipline: Discipline is most important in trading and investment in the stock market. There are many SEBI registered Research Analyst who is not able to monitor the risk of their clients and they keep on holding losing positions until everything is wiped out. This is the situation where discipline works. So discipline makes any SEBI registered Research Analyst the Best one.

Eqwires – Best SEBI registered Research Analyst in India:

At Eqwires, we have all the qualities mentioned above and we firmly believe that Best SEBI registered research analyst must follow core principles in order to provide the best services to their clients and to maintain them for the long term. Eqwires is an organization with vast vision and core values which makes it a Best SEBI registered Research Analyst in India.

Eqwires – Best SEBI registered Telegram Channel:

We have the best Telegram channel in order to help our clients to get maximum benefits. We provide our daily activities, recommendations, and information with the client’s P&L statements. We firmly believe that we have the Best SEBI registered Telegram channel and we follow core principles in order to provide the best services to our clients and to maintain the long-term association. Eqwires is an organization with vast vision and core values which makes it the Best SEBI registered Telegram Channel in India.

Eqwires – Best Option trading Telegram Channel:

Telegram is full of UNREGISTERED or ILLEGAL Tips providers who provides unsolicited recommendations without obtaining regulatory license. Investors and traders should stay away from such Telegram channels. Their free tips will attract you in first instance but it will empty your pockets.

Options trading through Telegram channel has become a big business now. Most of the traders are doing options trading without any knowledge or understanding the risk factor involved in Option trading. Following anyone on telegram is dangerous unless they are SEBI Registered Research Analyst.

We at Eqwires make sure that we provide best trading recommendations in Options where we believe in limited but quality trading. We don’t provide too many numbers of trades in Options. We provide limited high quality trades in Index options mostly for intraday with optimum results and that’s why we are one of the Best SEBI Registered Option trading telegram channel. We have the best Option trading strategies for option traders with proper risk management. Eqwires is Best SEBI Registered Option trading advisor or Research Analyst in India. Eqwires Telegram channel is the Best SEBI registered Options trading Telegram Channel in India.

Eqwires Research analyst is the Best SEBI registered research analyst providing the best intraday tips and top-rated SEBI registered research analyst. Eqwires is the Best Intraday tips provider in India and in the Top 10 stock advisory firms in India. Eqwires Telegram channel is the Best SEBI registered Telegram Channel in India.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

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Author EqwiresPosted on April 18, 2021May 17, 2024Categories Accurate stock tips provider in India, Best advisory service provider for beginners, Best Bank Nifty future calls, Best Bank Nifty options tips provider, Best Bank Nifty trading tips provider, Best equity advisory services in India, Best Ethical investment advisor in india, Best Index future services, Best index options services, Best intraday advisor in India, Best intraday call provider, Best Intraday jackpot calls, Best Intraday research company, Best intraday tips for tomorrow, Best intraday tips provider in India, Best Intraday tips site, Best Intraday tips website in India, Best investment Advisor in India, Best jackpot tips provider, Best Nifty future calls, Best Nifty options tips provider, Best Nifty trading tips provider, Best option trading Telegram channel, Best options tips provider in India, Best options trading tips provider in India, Best paid stock recommendation sites India, Best performing PMS in India, Best PMS in India, Best Portfolio Management services in India, Best SEBI registered advisory company, BEST SEBI REGISTERED INVESTMENT ADVISOR, Best SEBI registered Investment advisor, Best SEBI registered research analyst, Best SEBI registered stock tips provider, Best SEBI registered Telegram Channel, Best Share market advisor in India, Best share market advisory company in India, Best share market consultants in India, Best Share market tips, Best share market tips provider in India, Best Share tips provider in India, Best Stock advisor, Best stock advisor websites in India, Best stock advisory service in India, Best stock market advisory services in India, Best stock market tips provider service, Best stock recommendation service in India, Best stock tips provider in India, Best stock tips provider in Telegram, Best Telegram channel for stock market tips in India, Business, Commodity Market, Currency, Equity Market, Equity research analyst, Eqwires - 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