TCS bounces 3.5% off lows ahead of September quarter results today

Analysts expect TCS to post a sequential revenue growth of 3-4.6 per cent in constant currency terms, while its net profit may rise in the range of 6-10.7 per cent from the last quarter

Shares of Tata Consultancy Services (TCS) were up 2 per cent to Rs 3,118.90 on the BSE in Monday's intra-day trade, in an otherwise a weak market, ahead of its financial results for the quarter ended September 2022 (Q2FY23) due later today. The stock of the information technology (IT) major bounced back 3.5 per cent from its intra-day low of Rs 3,013. At 01:43 PM, it was trading 1.7 per cent higher at Rs 3,115.70, as compared to 0.43 per cent decline in the S&P BSE Sensex.

That said, TCS has underperformed the market in the recent past, with