Infosys continues to defend the support from past four months; TCS shares have three supportive technical parameters that attract buying and accumulation.
TCS board has recommended a buyback of shares to the tune of Rs 18,000 cr at Rs 4,500 per share
The company reported revenue for Q3FY22 was at Rs 48,885 cr, up 16.3% YoY and 4.3% QoQ
The three IT majors are scheduled to report Q3 earnings on Wednesday.
The stock was up 3% at Rs 3,979.90, trading close to its record high level of Rs 3,990 touched on October 8, 2021.
The October-December (Q3) quarter is expected to be another strong quarter for IT companies after strong performance witnessed in Q2FY22.
The major IT stocks like Infosys, LTI, Coforge continue to absorb selling pressure at the counters
Eicher Motors surges over 5% on Royal Enfield's strong December sales; TCS gains 4% in three days, hits 13-week high; textile shares rally on improved outlook
The management said attrition challenge may continue for the next two to three quarters
State-owned Bank of Baroda on Wednesday announced the launch of its digital banking platform 'bob World', aimed at providing all banking services under one roof
After touching its all-time high of 56,198.13 in early trade, the 30-share BSE Sensex ended 14.77 points or 0.03 per cent lower at 55,944.21
Reliance Industries, Infosys, HDFC, Bajaj Finance and Wipro also saw a rise in their market valuations, while HDFC Bank, ICICI Bank and SBI suffered losses
TCS missed analyst expectations as India business pulled down revenue growth
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The IT services major on Monday posted Q4 numbers largely in line with or above analysts' estimates
Shares of Tata Consultancy Services declined over 4 per cent in morning trade on Tuesday as the company's March quarter earnings failed to cheer investors
The market valuation of Tata Consultancy Services (TCS) crossed Rs 12 trillion-mark at close of trade on Thursday
Edelweiss Securities says that the robust tech up-cycle would benefit firms like HCL Technologies, Infosys, TCS, and Tech Mahindra
The stock of TCS is sustaining above its important moving averages, and a breakout above the immediate resistance of 2,820 levels might lead stock trade higher
EPS for Nifty50 firms has risen just 1 per cent in the month so far