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TCS Q4FY18 results review: What leading brokerages say

Thus far in calendar year 2018 (CY18), TCS has outperformed the markets with a gain of over 18 per cent.

(From left) Head of Global Human Resources Ajoyendra Mukherjee and TCS CEO & MD Rajesh Gopinathan at a press conference to announce the company's Q4 financial results in Mumbai (Photo: Kamlesh Pednekar)
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(From left) Head of Global Human Resources Ajoyendra Mukherjee and TCS CEO & MD Rajesh Gopinathan at a press conference to announce the company's Q4 financial results in Mumbai (Photo: Kamlesh Pednekar)

Puneet Wadhwa New Delhi
Tata Consultancy Services (TCS) hit its 52-week high of Rs 3,304 on Friday at the NSE, after the company announced an impressive numbers for the March 2018 quarter (Q4FY18). The Mumbai-headquartered company posted double-digit revenue growth in dollar terms in Q4 for the first time in the last 12 quarters.

Thus far in calendar year 2018 (CY18), TCS has outperformed the markets with a gain of over 18 per cent. In comparison, the Nifty IT and the Nifty 50 indices have moved up 13 per cent and 0.3 per cent respectively, ACE Equity data shows.

Given the outperformance and the