Dharmesh Shah
The Nifty on the weekly chart formed the strongest bull candle since November 2018, signifying acceleration of upward momentum as it surpassed our earmarked target of 11,400 supported by the strong market breadth and above average volumes.
The index continued with its positive momentum during the current week and formed a high of 11,556 in Wednesday's session.
Going ahead, we expect the bias to remain positive as long as the index maintains a higher low formation in the daily chart.
related news eClerx Services buyback: Here's what a retail investor's strategy should be IT stocks still attractive; pharma stocks seems to have bottomed out: Sampath Reddy An evening walk down Dalal Street: Nifty's movement suggests buying interest missingThe Nifty50 has rallied more than 950-point over the past four weeks, leading the daily stochastic oscillator to hover in the overbought trajectory (at 86), suggesting the possibility of a temporary breather cannot be ruled out.
Hot Tech Stocks To Buy Right Now: Virtusa Corporation(VRTU)
Virtusa Corporation operates as an information technology (IT) services company. It offers business and IT consulting services comprising application inventory and portfolio assessment, business/technology alignment analysis, business process optimization, and quality assurance process consulting; accelerated solution design, enterprise architecture analysis, technology roadmaps, product evaluation and selection, and business process analysis and design; and program governance and change management, program management planning, and complex program management. The company also provides technology implementation services, such as application development, package implementation and integration, software product engineering, application maintenance and support, business process management, CRM and SAP implementation, customer experience and content management, enterprise mobility, cloud computing, and social media solutions; systems consolidation and rationalization, technology migration and porting, and legacy application Web-enablement; data management, business intelligence, reporting and decision support, master data management, data integration, and big data analytics; and software quality assurance and managed testing services. In addition, it offers application outsourcing services, such as the production support, application maintenance and enhancement, and ongoing software engineering; systems and database administration, and monitoring; outsourcing of quality assurance planning; and preparation and execution of test cases, scripts, and data. The company provides its services to communications and technology; banking, financial services, and insurance; and media and information industries worldwide. Virtusa Corporation has a strategic partnership with Hitachi, Ltd. The company was formerly known as eRunway, Inc. and changed its name to Virtusa Corporation in April 2002. Virtusa Corporation was founded in 1996 and is headquartered in Westborough, Massachusetts.
Virtusa Corp (NASDAQ:VRTU)Q3 2019 Earnings Conference CallFeb. 07, 2019, 5:00 p.m. ET Operator Voya Investment Management LLC boosted its stake in Virtusa Co. (NASDAQ:VRTU) by 105.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 280,742 shares of the information technology services provider’s stock after acquiring an additional 144,258 shares during the period. Voya Investment Management LLC’s holdings in Virtusa were worth $13,666,000 as of its most recent SEC filing. Appian Corporation provides low-code automation platform in the United States and internationally. The company's platform automates the creation of forms, workflows, data structures, reports, and other software elements that are needed to be manually coded. The company also offers professional and customer support services. Its customers financial services, government, life sciences, education, technology, media and telecommunications, consumer, and industrials. The company was incorporated in 1999 and is headquartered in McLean, Virginia. Despite strong results, shares of Appian (NASDAQ:APPN) slipped following the company's second-quarter earnings on Aug. 6. The cloud-based low-code software company reported a 24% increase in overall revenue to $83 million, ahead of estimates at $79.1 million. Cloud-based subscription revenue -- the part of the business the company is most focused on -- jumped 44% to $42.5 million, its fastest growth in that category in several quarters. Get a free copy of the Zacks research report on Appian (APPN) For more information about research offerings from Zacks Investment Research, visit Zacks.com Shares of low-code software development platform Appian (NASDAQ:APPN) fell as much as double-digits after the company reported full-year 2018 results and an initial outlook on 2019. However, the small company is still very much in growth mode, and shares have more than doubled since their public debut in 2017 -- even after the recent drop. With demand for low-code services still on the rise, this pullback could be the opportunity some investors were waiting for to pull the trigger. United Microelectronics Corporation provides semiconductor wafer foundry solutions. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. The company also engages in the research, development, and manufacture of products in the solar energy and LED industries. It primarily serves integrated device manufacturers and fabless design companies. The company operates primarily in Taiwan, Japan, Korea, China, Singapore, Europe, and the United States. United Microelectronics Corporation was founded in 1980 and is headquartered in Hsinchu, Taiwan. Shares of United Microelectronics Corp (NYSE:UMC) have received a consensus rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $2.19. United Microelectronics Corp (NYSE:UMC) shares hit a new 52-week low on Tuesday . The company traded as low as $2.31 and last traded at $2.32, with a volume of 12700 shares changing hands. The stock had previously closed at $2.34. These are some of the news articles that may have effected Accern Sentiment’s scoring: A number of research analysts have recently commented on the stock. Mizuho upgraded shares of United Microelectronics from an “underperform” rating to a “neutral” rating in a research report on Monday, July 9th. Morgan Stanley upgraded shares of United Microelectronics from an “underweight” rating to an “equal weight” rating in a research report on Monday, July 2nd. Finally, Sanford C. Bernstein upgraded shares of United Microelectronics from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $2.10 to $2.60 in a research report on Sunday, June 10th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $2.60. United Microelectronics Corp. (NYSE: UMC) is a semiconductor company based in Hsinchu, Taiwan. Founded as Taiwan's first semiconductor company in 1980, UMC is best known for manufacturing integrated circuits used by larger semiconductor companies like Nvidia Corp. (Nasdaq: NVDA) in their products. Innodata Inc., incorporated on June 27, 1988, is a digital services and solutions company. The Company's technology and services power information products and online retail destinations around the world. The Company operates in three segments, which include Content Services (CS), Innodata Advanced Data Solutions (IADS) and Media Intelligence Solutions (MIS). The Company's CS segment provides solutions, such as development of digital content (including e-books), development of digital information products, and operational support of digital information products and systems. IADS operates through two subsidiaries, such as Synodex and docGenix. The Company's MIS segment operates through its MediaMiser and Bulldog Reporter subsidiaries. Content Services The Company's CS segment provides solutions to digital retailers, information services companies, publishers and enterprises that have one or more of the business requirements. The Company manufactures both standard e-books and interactive e-books in a range of formats, including electronic publication (EPUB), Mobi and Kindle, and in over 10 languages, including Japanese and Chinese. The Company also distributes e-books to over 25 e-book retailers across North America, the United Kingdom, Australia and approximately 20 countries in the European Union. The Company has also developed a digital tool and an eReader application for its clients. Innodata Advanced Data Solutions The Company's IADS segment's Synodex business is engaged in the extraction and classification of data from unstructured medical records to provide data service solutions for insurance underwriting, insurance claims, medical records management and clinical trial support services. Synodex has developed and piloted its APS. Extract product for specific use with life insurance underwriting and claims. The Company's IADS segment's docGenix business is engaged in the extraction and classification of data from unstructured legal documents to a! nalyze documentation and feed actionable data to downstream applications. Using docGenix's system, complex documents are transformed into machine readable, computer-addressable data that is down-streamed to risk collateral and other systems, and users can perform multi-dimensional, complex queries. Media Intelligence Solutions The Company's subsidiary, MediaMiser, is engaged in providing media monitoring and analysis software and professional services to companies and Canadian Government institutions, as well as small- and medium-sized businesses. Through Web-based and mobile solutions, MediaMiser enables companies to analyze and share business intelligence from traditional and social media sources. For organizations that prefer to outsource, MediaMiser provides detailed analysis reports and daily media briefings. MediaMiser's technology platform monitors, aggregates, analyzes and shares content from over 200,000 sources across social, traditional and digital media. The platform includes an analysis engine that identifies whether opinions expressed in a particular document or online text are positive, negative or neutral. Bulldog Reporter supplies media intelligence news and analysis to public relations and corporate communications professionals. Bulldog Reporter publishes a trade journal, Bulldog Reporter's Daily Dog. In addition, it publishes Inside Health Media, a daily online newsletter that focuses on media relations, and provides media list and media intelligence services through its Media Pro online directory. The Company competes with Apex CoVantage, Aptara, Cenveo, Infosys, HCL Technologies, Macmillan India, SPI Technologies, JSI S.A.S. Groupe Jouve, Thomson Digital, Risk Righter, EMSI, Parameds, Hooper Holmes, Meltwater, Cision, Infomart, Intelligent I.Q. and Custom Scoop. Luzich Partners LLC lifted its stake in shares of Innodata Inc (NASDAQ:INOD) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,316,550 shares of the technology company’s stock after acquiring an additional 61,944 shares during the period. Innodata accounts for approximately 1.5% of Luzich Partners LLC’s portfolio, making the stock its 12th biggest position. Luzich Partners LLC owned about 5.09% of Innodata worth $1,514,000 at the end of the most recent reporting period. Media coverage about Innodata (NASDAQ:INOD) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Innodata earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 47.3485759085159 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future. Innodata (NASDAQ:INOD) will be releasing its Q1 2018 earnings data before the market opens on Tuesday, May 8th. Innodata (NASDAQ:INOD) last announced its earnings results on Thursday, March 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $15.66 million for the quarter. Innodata had a negative return on equity of 10.94% and a negative net margin of 8.30%. Hot Tech Stocks To Buy Right Now: Appian Corporation(APPN)
Hot Tech Stocks To Buy Right Now: United Microelectronics Corporation(UMC)
Hot Tech Stocks To Buy Right Now: Innodata Inc.(INOD)
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