Q3 earnings impact: Infy, TCS can rally up to 10%, Wipro may weaken further

TCS is heading towards Rs 4,200 followed by Infosys, which is moving in the direction of Rs 2,100

IT majors Tata Consultancy Services and Infosys beat the Street estimates on growth while announcing their Q3 results on Wednesday. Wipro, however, fell short of expectations after delivering consistent performance in the last three to four quarters.

In case of Infosys, the company not only beat its constant currency revenue growth by 7 per cent on sequential basis, it also upped its FY22 revenue guidance to a range of 19.5 per cent to 20 per cent, from the earlier 16.5 per cent to 17.5 per cent growth target. READ MORE

Meanwhile, here's what the charts have