As trouble deepens in the US economy, analysts expect further sell-off in IT counters. As for Tata Consultancy Services (TCS), its last hedge position at $2.9 billion is probably the highest by any IT company, which could deny the company any significant benefit from rupee's depreciation against the dollar (7 per cent in the June quarter).
The company's margin is also expected to be under pressure on account of wage hikes and visa costs during Q1 FY09. With a large contribution from BFSI vertical in the US, TCS seems to be most vulnerable to the current volatile macro-economic conditions.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app