TCS trades firm in weak market on strong Q4 show; brokerages remain upbeat

TCS reported a 9.1 per cent YoY growth in net profit at Rs 12,434 crore for Q4FY24, while revenue from operations rose by 3.5 per cent.

Shares of Tata Consultancy Services (TCS) were trading up nearly 1 per cent at Rs 4,034 on the BSE in Monday's intra-day trade as analysts expect strong deal momentum resulting in a comfortable deal mix of mega, large and small-mid sizes to provide visibility for long-term growth. There has been tremendous client interest in GenAI (pipeline doubled) and the company is leading the innovation and exploratory efforts for the same.

At 09:30 am; TCS traded 0.8 per cent higher at Rs 4,035, as compared to 0.82 per cent decline in the S&P BSE Sensex.

TCS, India’s largest information-technology (IT) services