Shares of International Business Machines fell more than 9% on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope with an uncertain economy and high interest rates. Weakness in smaller discretionary projects affected the consulting segment, but analysts at J.P.Morgan said the backlog could help reaccelerate the business through 2024.
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The stock gave multibagger returns of over 100 per cent in just 1 year and a whopping 370 per cent in 3 years. In accordance with the Maharashtra Corporation Societies Act 1960 and following approval from the Deputy Registrar Co-operative Societies, R-North Ward, Highway Milton Co-operative Housing Society Limited (the Society) has selected Atlantaa Limited.
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L&T Technology Services (LTTS) on Thursday reported a marginal 0.2 per cent growth in net profit for the March quarter at ₹340 crore on slower revenue growth and narrowing of margins.The company said it is planning to add 500 employees during the April-June period.The engineering services company's net profit for FY24 grew 7.6 percent to ₹1,303.7 crore.
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