Whalesbook
Buyback toh hai, par numbers ka kya?
Socho, company ek taraf toh ₹1,125 per share dekar buyback kar rahi hai, jo current market price se kaafi zyaada hai aur yeh 6.4 million shares tak ke liye hai. Yeh toh saal 2019 ke baad pehla buyback hai, aur is baar company ne regular dividend bhi nahi diya, matlab saara focus shareholders ko paisa wapas dene par hai.
Earnings mein hui gadbad
Par bhai, iske saath hi Q4 FY26 ke results bhi aaye hain, aur wahan thodi gadbad hai. Sabse important Digital, Engineering, and Technology (DET) segment mein revenue 2.4% kam ho gaya constant currency mein, aur yeh analyst ki expectations se bhi neeche hai. Ismein Network & Infrastructure 3.6% aur Strategic Units 12.4% gira, haan, Transportation & Mobility segment 4.5% badha hai. Aur toh aur, DET segment ka operating margin bhi 12.4% par aa gaya, jo expectations se kam tha. Is wajah se net profit bhi pichle quarter se 7.6% aur pichle saal se 9.1% gir kar sirf ₹1,382 million reh gaya.
Brokerage ki rai
Ab iss situation ko dekh kar Motilal Oswal ne apna 'Sell' rating continue rakha hai aur target price ₹830 diya hai. Unko lagta hai ki company ke execution mein risks hain aur margin wapas waise nahi aa payega jaise log expect kar rahe hain. Woh FY2027 tak margin ko 13.5% ke aas paas stabilise hone ka andaza laga rahe hain.
Waise toh Indian IT sector abhi thoda slow chal raha hai, Nifty IT index saal mein ab tak 25% gir chuka hai, aur AI ko lekar bhi uncertainty hai. Lekin alag alag analysts ki rai bani hui hai, average target ₹1,235 ke aas paas hai. Par Motilal Oswal ka ₹830 ka target aur ₹1,125 ka buyback price dono mein kaafi difference hai, jisse investors confused hain ki company ka future outlook kya hai.