Tag: HCL Tech

Weekly Triggers (Apr 19 – Apr 23)

Trigger for the Week How will it impact? ·        Market weakness continued during the previous week across sectors ·        Sensex lost 759 points and Nifty 217 points as all sectors, other than pharmaceuticals, ended in the red ·        Technology stocks came under pressure after Q4 results ·        While IT profits grew on YOY basis, they

Daily Market Update – Oct 9

Piramal Enterprises prepaid its 3.5 month loan of its Rs.1000 crore loan taken from Barclays Bank. This loan had been taken just 1 month back to meet temporary liquidity shortfalls at an interest rate of 8%. It may be recollected that PEL’s subsidiary, Piramal Pharmaceuticals Ltd, had recently received Rs.3523 crore on sale of 20%