Should you buy TCS post its June quarter numbers? Brokerages remain mixed

TCS reported steady numbers for the quarter under review; however, the company's revenue in dollar terms missed the Street estimates while a stronger rupee ate into its operating margins.

Shares of Tata Consultancy Services (TCS) slipped as much as 2.9 per cent to hit a low of Rs 2,070 apiece on the BSE in intra-day deals on Wednesday, a day after the IT bellwether announced its June quarter (Q1) results of the financial year 2019-20 (FY20). 

At 10:15 am, the stock was trading nearly 2 per cent lower at Rs 2,093.45 apiece on the BSE. In comparison, the benchmark S&P BSE Sensex was trading flat at 38,745 level, up just 13 points or 0.04 per cent.

TCS reported steady numbers for the quarter under review; however, the company’s revenue