Airtel users get Rs 10,000 cashback on iPhone X online purchase tomorrow

India’s leading telecom player Bharti Airtel on November 1 announced that it would sell Apple’s anniversary edition iPhone X through its online stores on November 3. The much-awaited smartphone of the year will go on sale starting 6 PM (IST), exclusively to Airtel postpaid customers as an unlocked device.

The Airtel Online store will put on sale both the variants of iPhone X. The 64 GB and 256 GB model of the smartphone is priced at Rs 89,000 and Rs 1,02,000, respectively. Citibank credit card customers can also avail Rs 10,000 cashback on the purchase of iPhone X. The cashback offer can be availed during 6 PM, November 3 and 7 AM, November 4, 2017.

“We are delighted to offer the most advanced iPhone on our Online Store and give our postpaid customers in India an opportunity to be amongst the select few globally to get the much awaited iPhone X. Our customers can also experience the seamless digital experience offered by Airtel’s Online Store from ordering the device to doorstep delivery,” said Raj Pudipeddi, Director - Consumer Business & CMO, Bharti Airtel/

Recently, the company put up on sale the yesteryear’s Apple flagships -- iPhone 7 and iPhone 7 Plus -- on its digital store that went live on October 16.

Here are the features of iPhone X

The iPhone X sports glossy stainless steel frame body covered on the front and back by a glass design. It has a wide 5.8-inch Super Retina OLED display. The glassy back is accentuated by a vertically placed 12-megapixel dual camera set-up, which supports optical image stabilisation (OIS).

Xiaomi launches Redmi Y-series selfie smartphones, ropes in Katrina Kaif

China-based electronics maker Xiaomi on Thursday introduced the Redmi Y-series with the launch of the Redmi Y1 and Redmi Y1 Lite in India. The company has roped in Bollywood celebrity Katrina Kaif to endorse the selfie-centric smartphone series. The budget smartphones will go on sale starting November 8 on Amazon India and Mi online store.

The Redmi Y1 and Redmi Y1 Lite look almost identical but are different in terms of specifications and camera set-ups.

The key differentiator for the Redmi Y1 and Redmi Y1 Lite is the selfie camera, which is also the key feature of the new series. The Redmi Y1 sports a 16-megapixel front camera assisted with LED flash, while the Redmi Y1 Lite sports a 5 MP selfie camera without LED flash.

Another difference lies in the strength of the processor, internal storage and RAM. The Redmi Y1 is powered by Qualcomm Snapdragon 435 system on chip (SoC), coupled with two storage and RAM options – 32GB/3GB and 64GB/4GB. The Redmi Y1 Lite is powered by Qualcomm Snapdragon 425 SoC coupled with 2GB RAM and 16 GB internal storage.

Both the smartphones sport 5.5-inch HD screens covered with Gorilla Glass for protection against accidental scratches. There is a 13 MP camera assisted with phase detection autofocus (PDAF) technology and LED flash in both the devices. The smartphones can house dual SIM cards and there is a dedicated microSD card slot to expand the storage. Both the devices run on 3,080 mAh battery.

As for the pricing, the Redmi Y1 is priced at Rs 8,999 for the base model and Rs 10,999 for the higher model. The Redmi Y1 Lite is priced at Rs 6,999.

Hexaware Technologies hits 52-week high as Q3 profit beats estimates

Hexaware Technologies hit 52-week high of Rs 305, up 9% on the BSE, after the company reported a better than expected consolidated net profit of Rs 142 crore in September 2017 quarter (Q3CY17). The analysts on an average had expected profit of Rs 122 crore for the quarter.

Revenue for the quarter in line with the analyst estimates of Rs 993 crore against Rs 984 crore in June quarter (Q2CY17). In dollar terms, revenues for the quarter at USD 154 million grew by 0.9% QoQ versus street estimates of 0.5% QoQ growth.

While company has maintained its CY17 revenue guidance of 14%-15%, management has guided for achieving growth towards the upper end of the range. The company revised upward Ebitda (earnings before interest, tax, depreciation and amortization) growth guidance to 16.5%-17.5%. The previous guidance was that Ebitda growth will be in line with revenue growth i.e. 14-15%.

“Given the beat on 3QCY17 we increase our CY17 USD revenue estimate to 15% (14.5% earlier). We maintain our CY18 estimate of 10% YoY growth despite client specific headwind of 2.5-3.0% as we remain confident of the company offsetting the same through the increased traction seen in new deal wins and enhanced client mining capabilities. Company has demonstrated good success in winning new business from new clients and also adding new clients in top-20,” Analysts at Antique Stock Broking said in result review with maintain ‘hold’ rating on the stock.

In past one year, the stock has outperformed the market by gaining 50% as compared to 22% rise in the S&P BSE Sensex.

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IT sector seeing disruption, stocks underperforming: Should you go contra?

STOCK MARKET - Another quarter has gone by and technology majors have again failed to live up to the expectations – a couple of them have even lowered guidance for seasonally weak December and March quarters. A mere 4% rise in the Nifty IT index year-to-date also reflects the challenges and disruptions the domestic information technology (IT) firms have been facing for the past few quarters. While valuations on the counter have come off at reasonable levels and the recent dividend/buybacks are seen supporting the stock prices, analysts believe a stock-specific approach across the sector makes better sense than contra bets at present.

The Nifty IT index’s 4% increase so far this year looks pale before benchmark Nifty50’s 26% jump. Among individual stocks, Wipro has rallied 23%, TCS 10% and HCL Tech 1%, while Infosys has shed over 6% during the same period.

In the September quarter, only HCL Tech retained a higher-than-industry-average guidance for FY18, of 10.5-12.5% growth in constant currency (CC) terms. Infosys trimmed its FY18 CC revenue growth guidance to 5.5-6.5%, while Wipro reported a muted guidance of 0-2% QoQ revenue growth for the December quarter. TCS does not forecast future earnings.

Rakesh Tarway, head of research at Reliance Securities, noted growth would remain muted for the next two years, and advised looking at individual stocks with strong cash flows.

“The IT sector is currently undergoing a phase of disruption in the business model owing to trends like cloud computing, artificial intelligence, digitisation and automation. We believe these trends could continue to impact business growth for the next 1-2 years,” he said.

Top technical calls for today's trade: Buy Tech Mahindra, Balrampur Chini

STOCK MARKET - Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher
NIFTY VIEW:
Nifty has nearly marched towards our projected target of 10,500 with a high made at 10,451; the support for the day is seen at 10,390 while resistance is seen at 10,480. Bank Nifty would have a range of 25,270-25,680.

BUY LAKSHMI VILAS BANK  
CMP: Rs 156.05      
TARGET: Rs 170    
STOP LOSS: Rs 145
The stock has recovered significantly after making the bottom at around 133 levels and now has produced a positive bullish candle in the daily chart and we anticipate it to rise further with potential and strength upto 170 levels. The RSI has given a steep rise indicating a positive bias and also signaling a buy. With good volume participation witnessed, we recommend a buy in this stock with an upside target of keeping a stop loss of

BUY TECH MAHINDRA    
CMP: Rs 488.50    
TARGET: Rs 525    
STOP LOSS: Rs 472
The stock has been on a good run from the levels of 375 where it has made a bottom and now after making a higher bottom formation pattern in the daily chart, it has once again given a decent rise and we expect it to continue in the coming days too with potential and strength. The RSI has been on the rise and with volume improving, we suggest to buy this stock for an upside target of 525 keeping a stop loss of 472.