Accenture’s shares plummeted regardless of exceeding third-quarter income expectations, pushed by AI-related service demand. The firm faces challenges from lowered U.S. federal contracts. Consequently, Indian IT ADRs like Infosys also declined, while home IT stocks showed blended performance, with gains in tier-2 corporations and HCL Technologies, contrasting with losses in Infosys and LTIMindtree. Market veteran Madhu Kela advises traders to concentrate on bottom-up ideas and segregate analysis from execution. He is bullish on India’s long-term prospects, citing favorable macro parameters. Kela highlights alternatives in select sectors and stocks, notably NBFCs, because of improved laws and liquidity.
Tata Motors is aggressively pursuing its EV technique, aiming for 30% EV penetration earlier than 2030, regardless of elevated competition and supply chain issues. The company is managing uncommon earth magnet sourcing and mitigating potential tariff impacts on Jaguar Land Rover. Furthermore, the demerger of passenger and commercial vehicle companies is on track for …