"The important thing about Q3 is that it reaffirms that the underlying demand trend is strong enough to handle the seasonality of the quarter, and that is why it is such an important and very exciting quarter for us."
Fan tokens or sports cryptocurrencies are digital assets that enable sports teams, leagues, clubs, associations and players to strengthen fan engagement.
The dollar index, which measures the US currency against six major rival currencies, was last at 94.97 as against 95.99 at the beginning of the current week.
The Nifty Auto index was trading 0.51 per cent down at 11586.95.
Suven Pharmaceuticals Ltd., incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 13746.51 Crore) operating in Pharmaceuticals sector.
Kacholia bought 4,50,000 equity shares of the textile player Faze Three during the October-December period, increasing his stake to 11,25,688 shares or 4.63 per cent stake in the December quarter from 6,75,688 shares or 2.78 per cent stake in the September quarter.
A total of 286,323 shares changed hands on the counter till 12:07PM (IST)
The company upgraded its revenue guidance to 19.5%-20% for FY22. Earlier it had estimated growth at 16.5%-17.5% in constant currency.
HDFC Institutional Equities said Infosys is its top pick in tier-1 IT with over 17 per cent EPS CAGR and over 40 per cent RoIC, valuing the company at Rs 2,220, based on 30 times March 2o24 EPS. Its target price for Wipro stays at Rs 740 based on 24 times March 2024 EPS, a 20 per cent discount to Infosys.
The domestic IT services major posted a consolidated net profit of Rs 2,969 crore for the December 2021 quarter, while saying that the demand environment continues to be "robust".
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