CLSA has maintained an Outperform rating on Tata Consultancy Services with a target price of Rs 3,593, implying 39% upside. The brokerage sees scope for a Rs 35 Q4 dividend and a potential buyback. However, AI disruption concerns and macroeconomic risks continue to weigh on IT sector valuations.
International brokerage CLSA has said that it continues to favour large caps, but sees more EPS downgrades for small cap stocks.
At close, Sensex was up a little over 50 points at 82,276. This marks a fall of around 682 points from its intraday high of 82,958, which it had hit in the morning amid strong buying in IT stocks. Nifty 50 ended the session around 58 points higher at 25,482, after falling over 170 points from its day’s high of 25,653.
Realty Income forecast 2026 annual funds from operations (FFO) below Wall Street estimates on Tuesday, citing slowing demand and higher property management costs amid an uncertain macroeconomic environment.
Foreign institutional investors increased stakes in 11 high-growth companies from the BSE1000 universe, each delivering strong earnings growth and stock returns of up to 268% over the past year. These multibaggers, backed by solid fundamentals and institutional confidence, continue to remain key stocks for investors tracking momentum and growth opportunities.
Foreign institutional investors are cautiously optimistic about India, with recent inflows following budget announcements and a trade deal. While sentiment has improved, many funds remain underweight, adopting a wait-and-watch approach. Sectors like banking and capex-driven industries are attracting interest, contingent on strong earnings visibility.
Domestic brokerage Prabhudas Lilladher expects the Nifty 50 to hit nearly 28,000 in 12 months, saying India’s consolidation phase is paving the way for the next rally. It cites strong policy momentum, major trade deals, resilient corporate earnings and a multi-year compounding cycle supporting medium-term market growth.
Amid the rapid rise of artificial intelligence, AI firm Anthropic — valued at about $380 billion — has overtaken the combined market capitalisation of India’s top IT companies, including TCS, Infosys, Wipro, HCL Technologies and Tech Mahindra, which together are worth around $240 billion.
A viral 7,000-word Substack essay by Citrini Research founder James van Geelen sparked a sharp selloff on Wall Street by outlining a hypothetical 2028 “Global Intelligence Crisis.” The scenario imagines AI wiping out white-collar jobs, crushing software revenues, straining credit and housing markets, and triggering a deflationary economic cascade.
Angel One has set February 26 as the record date for its 1:10 stock split, a move aimed at enhancing liquidity and accessibility for retail investors. Shareholders holding the stock on this date will receive 10 shares for every one held, with the face value of each share reduced.
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