Latest news with #Parekh
Mint
2 hours ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 4 June 2025
Buy or sell stocks: Despite a gap-up opening, the Indian stock market ended lower for the third straight session on Tuesday. The Nifty 50 index ended 174 points lower at 24,542. The BSE Sensex nosedived 636 points and closed at 80,737, while the Bank Nifty index finished 303 points lower at 55,599. Oil & Gas was the worst-performing index, and Nifty Realty was the best-performing index. The Nifty Realty index added 1% amid hopes of a rate cut by the Reserve Bank of India in its upcoming policy review. The Nifty Smallcap100 index showcased its outperformance relative to the benchmark by rising 0.10%. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market trend is cautious as the Nifty 50 index is just above the crucial support placed at 24,500. The Prabhudas Lilladher expert said the Nifty is facing a minor hurdle at 24,800, while the benchmark index is facing a substantial hurdle at 25,000. If it breaks above 25,000, the index may soon reach 25,400. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index witnessed resistance near the 24,800 zone in the morning session and succumbed to profit booking as the day progressed on the back of weak global cues to witness profit booking and closed near the important support zone at 24,500 level. The index needs to sustain above the 24,500 zone, failing which the bias would turn slightly weak, and thereafter, the significant 200-period MA at the 24,050 zone would be the next major support position. With the geo-political tensions looming again, the sentiment would be maintained cautiously." "The Bank Nifty index fizzled out the positive development witnessed in the last session and has been gripped inside the tight range of 55800 and 54500 levels with overall bias remaining positive. As mentioned earlier, the index needs to sustain above the crucial support of the 54500 level to maintain the overall bias intact and would need a decisive breach above the 55800 level to break through above the tight range and expect a fresh upward move in the coming days," said Parekh. Parekh said that support for Nifty today is placed at 24,400 while the resistance is seen at 24,800. The Bank Nifty would have a daily range of 55,200 to 56,000. Regarding stocks to buy today, Vaishali Parekh recommended these three buy or sell stocks: Medico Remedies, Jain Irrigation Systems, and IndusInd Bank. 1] Medico Remedies: Buy at ₹ 52, Target ₹ 58, Stop Loss ₹ 49; 2] Jain Irrigation Systems: Buy at ₹ 60, Target ₹ 65, Stop Loss ₹ 58; and 3] Indusind Bank: Sell at ₹ 799, Target ₹ 760, Stop Loss ₹ 810. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
The Hindu
a day ago
- Business
- The Hindu
Infosys CEO among highest paid in Indian IT as compensation rose 22% to $9.4 million last fiscal
Infosys CEO Salil Parekh's compensation rose 21.7% to 806.2 million rupees ($9.44 million), the company said in its annual report on Monday, making him one of the highest-paid Indian IT chiefs currently in office. Parekh, the longest-serving non-founder CEO at the IT company, earned a fixed salary of 79.4 million rupees and bonuses of 231.8 million rupees. The largest portion, 495 million rupees, resulted from the chief executive of India's No. 2 IT services firm exercising his stock options. In comparison, Parekh earned $7.9 million in 2024 and $6.76 million in 2023, with the rise in pay, mainly due to a greater number of stock options exercised during the year. For the financial year 2025, Infosys reported a revenue growth of 4.2% in constant currency terms, falling short of its forecast of 4.5%-5%. For the current fiscal year, it forecast a flat to 3% growth in revenue, signalling a weaker business environment. India's $283-billion IT sector is facing another year of slowing growth, partly due to the U.S. tariff policies, which complicate forecasting market conditions in key markets and client segments. "Majority of Infosys revenue is from the U.S. and other global markets. The compensation is in line and consistent with what companies of this scale and size pay globally. Boards of Indian tech companies are indeed aware and need their leaders to be retained and paid appropriately in this challenging environment," said K Sudarshan, managing director at executive search firm EMA Partners. K Krithivasan, CEO of Infosys' larger rival Tata Consultancy Services earned $3.11 million, and smaller rival Wipro's CEO Srinivas Pallia earned $6.28 million, according to their latest annual report. Infosys is one of the two among India's top five IT companies that have retained their CEO at the helm over the last 18–24 months, with HCLTech being the other.
India.com
a day ago
- Business
- India.com
After layoffs, Narayana Murthy's Infosys pays Rs 800000000 salary to…, 752 times higher than employees, more than Ratan Tata's TCS, Azim Premji's Wipro's…
Narayana Murthy, Late Ratan Tata and Azim Premji- File image (Left to right) Infosys CEO and MD Salil Parekh's pay in FY25 increased 21.6 per cent to Rs 80.62 crore, according to the company's annual report. Parekh drew a salary of Rs 66.25 crore in the previous fiscal. The Infosys Annual Report showed that Parekh, who took over the helm of Infosys in January 2018, earned Rs 7.45 crore in base salary, Rs 0.49 crore as retiral benefits, Rs 23.18 crore in bonus/incentives/variable pay, and Rs 49.5 crore in perquisites on account of stock options exercised in FY25. The perquisite value of stock incentives is on account of the exercise of 3,06,276 Restricted Stock Units (RSUs) granted to Parekh. Parekh's industry counterparts, Wipro CEO Srinivas Pallia and TCS CEO K Krithivasan, earned a salary of USD 6.2 million (about Rs 53.64 crore) and Rs 26.52 crore, respectively, in FY25. The salary hike comes at a time when the company laid off hundreds of trainees from its Mysore campus, cut variable pay and there is uncertainty in the IT sector. However, Parekh said in his letter to shareholders that Infosys remains a global leader in AI, cloud, data and digital solutions. He said that in FY25, the company employed 15,000 college graduates and by the end of the year the number of employees increased to more than 3.2 lakh. Apart from this, this year they were also given ESOPs worth about Rs 50 crore, which includes ESG and performance-based equity incentives. Meanwhile, Infosys on April 17 reported profit of Rs 26,713 crore in FY25, registering a marginal increase of 1.8 per cent over FY24. Revenues climbed 6.06 per cent to reach Rs 1,62,990 crore exceeded its guidance of 4.5-5 per cent for the full FY25. (With Inputs From PTI)
Mint
a day ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 3 June 2025
Buy or sell stocks: After opening lower in the early morning session, the Indian stock market showed resilience and demonstrated a sharp recovery on Monday. The Nifty 50 index successfully defended the previous swing low of 24 462 established on 22 May 2025 and closed with a marginal loss 24,716. The BSE Sensex went off 77 points and closed at 81,373. The Bank Nifty index added 153 points and ended at 55,903. Broader market indices continued their outperformance trajectory, with the Small Cap index surging over 1%, while Nifty Bank reclaimed the psychologically significant 55900 level. The mid and small-cap segments reinforced their relative strength, advancing 0.62% and 1.19%, respectively, demonstrating sustained investor appetite for these market segments. Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment will remain positive until the Nifty 50 index is above 24,500. The Prabhudas Lilladher expert said the key benchmark index is facing a hurdle at 25,000, and the 50-stock index may soon touch 25,500 once it breaks above 25,000 on a closing basis. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index, after witnessing a huge gap down opening in the morning session, recovered significantly as the day progressed and closed on a flat note with overall bias sustained and as mentioned earlier, a decisive breach above the 25,000 zone shall confirm a breakout with upside targets of 25,500 and 26,300 levels achievable in the coming days. At the same time, on the downside, the 24,500 zone is positioned as the important and strong support level which needs to be sustained to maintain the overall bias intact." "The Bank Nifty index, after a long period of the rangebound session, has indicated a breakout closing wise above the tough resistance hurdle of 55,800 zones to strengthen the trend and can anticipate a further rise in the coming days and can trigger fresh upside targets of 57,700 and 60,300. The near-term support shall be maintained near the 54,500 zone as mentioned earlier, which needs to be sustained as of now," said Parekh. Parekh said that immediate support for Nifty today is placed at 24,600, while the resistance is seen at 24,900. The Bank Nifty would have a daily range of 55,600 to 56,600. Regarding stocks to buy today, Vaishali Parekh recommended buying these three buy or sell stocks: United Spirits, Harrisons Malayalam, and Lupin. 1] United Spirits: Buy at ₹ 1551, Target ₹ 1650, Stop Loss ₹ 1520; 2] Harrisons Malayalam: Buy at ₹ 220, Target ₹ 240, Stop Loss ₹ 210; and 3] Lupin: Buy at ₹ 1463, Target ₹ 1510, Stop Loss ₹ 1440. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
a day ago
- Business
- News18
Infosys CEO Salary: Salil Parekh's FY25 Income Rises 22% To Rs 80.6 Cr
Last Updated: Infosys' CEO earned Rs 49.5 crore from exercising stock options, up from Rs 39 crore the previous fiscal year. Infosys CEO Salary: Salil Parekh, the CEO of Infosys, saw his annual pay rise by 22 percent to Rs 80.6 crore for fiscal year 2025, according to the company's annual report. The increase was mainly due to Parekh exercising more restricted stock units (RSUs) during the year. In comparison, Parekh's compensation had decreased to Rs 56 crore in FY23 from Rs 71 crore in FY24. For FY25, his pay surpassed that of his peers at Tata Consultancy Services (TCS) and Wipro. TCS CEO and MD K Krithivasan's salary rose by 4.6 percent to Rs 26.5 crore, while Wipro CEO and MD Srinivas Pallia's pay increased by 10 percent to $6.2 million, or about Rs 53.6 crore, during the same period. Pay Breakdown advetisement Infosys' CEO earned Rs 49.5 crore from exercising stock options, up from Rs 39 crore the previous fiscal year. His base pay remained steady at Rs 7.5 crore, and he received Rs 50 lakh in retirement benefits. Additionally, his variable pay rose to Rs 23.2 crore in FY25 from Rs 19.8 crore in FY24. Infosys FY25 Performance For the financial year 2024-25, Infosys reported a revenue of $19.28 billion, a slight increase from $18.56 billion in FY24. Despite the revenue growth, the company's net profit slightly fell to $3.16 billion from $3.17 billion the previous year. Operating profit improved to $4.07 billion from $3.83 billion, and gross profit increased to $5.87 billion. Earnings per share remained stable at $0.76 for both basic and diluted EPS in FY25, slightly down from the basic EPS of $0.77 in FY24. Infosys ended FY25 with total assets valued at $17.42 billion, up from $16.52 billion in FY24. The company significantly boosted its cash reserves, which reached $2.86 billion compared to $1.77 billion the previous year. On the cash flow front, Infosys generated $4.35 billion from operating activities, spent $361 million on investing activities, and used $2.88 billion in financing activities, leading to a net cash increase of $1.12 billion for the year. About the Author Business Desk Watch India Pakistan Breaking News on CNN News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! Location : New Delhi, India, India First Published: June 03, 2025, 06:56 IST
