Stock Market

TCS gains 1% ahead of March quarter earnings

   Download Android App    Share in      FullScreen   CheckVideos

NEW DELHI: Shares of Tata Consultancy Services (TCS) climbed 1 per cent in morning trade on Friday ahead of its March quarter earnings, scheduled for later today. Brokerages estimate the company to report stable margins, but there may be a slight decline in net profit.

JM Financial expects TCS’s profit to decline by 2.9 per cent QoQ, but revenues may grow 1.8 per cent QoQ in constant currency terms.

Motilal Oswal Securities expects the company's PAT to come around Rs 7,840 crore, lower by 3 per cent QoQ due to a drop in total other income.

"We expect TCS to grow its constant currency revenues by 2 per cent QoQ and 12.1 per cent YoY," the brokerage said.

While the numbers will tell how the company fared during the quarter gone by, the market will keenly watch the company's commentary on client budgets, order book and pipeline of large and mega deals, Diligenta (a UK subsidiary of the company) and outlook across verticals, especially on the BFSI and retail, to figure out newer drivers for the stock.

Shares of the company traded 0.66 per cent up at Rs 2,032.35 apiece on BSE around 9:50 am.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Stock Market


21