TCS shares gain; analysts say demand positive

Shares rise as much as 2.2%

Shares in Tata Consultancy Services Ltd gain as much as 2.2% after analysts cited the company executives as saying that although October-December revenue would be impacted by seasonal weakness, it was broadly in line with seasonal trends.

Tata Consultancy is also positive about the demand environment, according to analysts, who attended a briefing by executives including the software service exporter's Chief Financial Officer Rajesh Gopinathan.

"TCS remains confident of a solid demand environment. We believe TCS can sustain the gap in revenue growth and margins versus the industry," said Kotak Institutional Equities in a report on Tuesday.