TCS may surge 15% from here, tech charts suggest. Investors should stay put

At a fundamental level, analysts hold a bullish view on the stock, though they are concerned about the valuation

Shares of Tata Consultancy Services swung between gains and losses in Friday's session following its June quarter results that were lower than expectations.

The net profit of the company for Q1FY22 stood at Rs 9,008 crore, up 28.5 per cent year-on-year (YoY) but was down 2.5 per cent sequentially. Revenue for the quarter grew 18.5 per cent YoY at Rs 45,411. According to a Bloomberg poll, analysts were estimating revenue of Rs 45,767.5 crore and net profit of Rs 9,391.9 crore for the quarter gone by. READ HERE

Following this, the scrip declined over 1 per cent in