TCS attrition rate declined on sequential basis

The Markets Today in a nutshell

• Domestic stock market ended on a negative note.
• Positive global cues trigger value buying in domestic shares. Global stocks advanced after China resumed quarantine-free travel over the weekend. Barring the Nifty Consumer Durables index, all the sectoral indices on the NSE ended higher. IT and auto shares rallied.

Day Leader Board

Capital Flows

News you could use

? TCS attrition rate declined on sequential basis
Tata Consultancy Services’ (TCS) attrition rate declined marginally to 21.3 per cent on a sequential basis in the October-December quarter of this fiscal. The company made a net addition of 2,197 employees during the quarter.

? SBI and other consortium led by SBI are not keen to fund Vodafone Idea
As per reports lenders are not keen to fund beleaguered telecom operator. According to people who are aware of the development, the State Bank of India (SBI)-led lenders have sought clarity on whether the interest of Rs 16,130 crore on deferred adjusted gross revenue, which Vi is liable to pay, will be converted into government equity.

? Bharti Airtel share price rallied as foreign brokerages upgrade ratings
CLSA initiated a “buy” call on the stock and raised the target to Rs 1,040 per share, an upside of 30 percent from the current market price, according to a CNBC-TV18 report. The brokerage firm believes Bharti Airtel is the best play on India mobile amid hefty operating cashflows and rising Return on Capital Employed (RoCE). It forecasts Bharti Airtel to record a 16 percent/22 percent India mobile revenue/EBITDA CAGR by FY25

News from the IPO world?

• Ducol Organics and Colours IPO opens on Jan 9
• Ather Energy IPO not happening this year
• Tata Technologies unlisted stock price jumps 30%

Numbers? that matter