TCS shares recover, end 0.8% up post Q1FY21 nos; here's what brokerages say

Shares of Tata Consultancy Services (TCS) reversed their morning losses to end 0.78 per cent higher at Rs 2,221.65 on the BSE on Friday after the company reported a weak set of numbers for the quarter ended June 2020, owing to the supply and demand disruptions caused by the Covid-19-induced lockdown. The stock had slipped as much as 1.22 per cent in the intra-day deals on the BSE.

For the quarter under review, TCS reported a profit before tax (PBT) of Rs 9,504 crore, which was 9.6 per cent lower than in the previous quarter and 10.65 per cent lower than the