Tue, Jul 27, 2021 11:36 AM
đź“ŚGlenmark Life Sciences public issue subscribed 79% on day 1 (so far)
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Cognizant Technology Solutions Corp. has lowered its revenue projection for 2024, the second time in the company’s 30-year-history that it has outlined bleak annual prospects amid a rocky phase the wider IT industry’s been unable to shake off.The Nasdaq-listed company said it now expects revenue of between $18.9 billion and $19.7 billion in 2024. The lower end of that projection is a 2.2% decline.
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The Nifty 50 has seen consolidation throughout session after the US Federal Reserve, as expected, maintained benchmark interest rates at 5.25-5.5 percent, and closed moderately higher on May 2. The consolidation is expected to continue further with immediate support at 22,500 level, but overall, the bullish undertone remains unchanged, hence traders are advised to continue with buy on dips.
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Things aren't getting any better for streaming specialist Roku (NASDAQ: ROKU). After starting the year on a bad note, some hoped the company's first-quarter results might be the start of a turnaround. Not so, says the market, as investors still weren't convinced by Roku's latest quarterly updates. On the one hand, there are some things to like about Roku's prospects.
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