LIC and Nandan Nilekani-backed stock: Company lands largest-ever TVC deal of USD 7.7 billion in Q2; LIC stake hits record high
LIC and Nandan Nilekani-backed stock: Company lands largest-ever TVC deal of USD 7.7 billion in Q2; LIC stake hits record high
LIC's growing interest adds another layer to the story. In the quarter ended September 2023, LIC increased its stake in the company from 8.83 per cent to 9.39 per cent.
Reported large deal Total Contract Value (TCV) of USD 7.7 billion in Q2, marking the highest ever quarterly total. This impressive achievement is three times the average quarterly TCV of the last four quarters. The company's success in securing large deals can be attributed to market share gains in cost optimization
Narayana Murthy buys a stake in this small-cap multibagger stock with zero net debt
Company managed to generate an impressive Rs 48 crore in cash from operations during Q1FY24, excluding cash generated from working capital changes
Its stock price surged by a jaw-dropping 122 per cent, solidifying its status as a multibagger stock. Over the last five years, the company has recorded an impressive 47.7 per cent CAGR in profit growth.
Multi-billion deal: This IT giant signs a deal worth EUR 1.5 billion for AI-powered platform with Liberty Global!
Shares of the company gained more than 1.50 per cent in the morning trade.
Shares of the company gained more than 1.50 per cent in the morning trade.
Movement capture; software giant sets the stage with game-changing MoU!
The stock has maintained a healthy dividend payout of 58.8 per cent.
The company has a strong track record of return on equity (ROE): ROE after three years is 29.4 per cent.
Danske Bank selects this IT company as their strategic partner to accelerate digital transformation!
The company has a ROCE of 40.7 per cent and a ROE of 31.8 per cent.
The company has delivered returns of 69 per cent over the past 3 years and returns of 94 per cent over the past 5 years. Moreover, it has a healthy dividend payout ratio of 58.8 per cent.
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Among the Nifty top gainers were Titan Company, Larsen & Toubro, NTPC, Bajaj Auto and Eicher Motors
On Monday, the Sensex fell by 250 points to close at 60,431.84, while the Nifty 50 dropped by 85.60 points to close at 17,770.90