Page 9 - Tcs Stock

TCS shares fall nearly 2% after Q2 results; m-cap declines by Rs 19,118 cr

Shares of Tata Consultancy Services (TCS) on Tuesday fell by nearly 2 per cent, a day after the firm announced its September quarter earnings. The results were announced post market hours on Monday. The stock of the IT services exporter declined 1.67 per cent to settle at Rs 3,068.95 apiece on the BSE. During the day, it fell 2.12 per cent to Rs 3,054.75. On the NSE, it went lower by 1.74 per cent to end at Rs 3,064 apiece. In volume terms, 14.29 lakh shares of the company were traded on the BSE and over 47.30 lakh shares on the NSE during the day. Its market valuation fell by Rs 19,118.43 crore to Rs 11,22,944.57 crore. The 30-share BSE benchmark ended 843.79 points or 1.46 per cent lower at 57,147.32. On Monday, TCS reported an 8.4 per cent growth in its September quarter net profit at Rs 10,431 crore, crimped by a dent on margins. The Tata group company, however, said the operating environment is "challenging" and warrants "vigilance", even though the headwinds posed by fact

TCS needs to breakout over Rs 3,150-level for fresh rally, chart says

There is an "Inverse Head and Shoulder" pattern getting established on the daily chart. Technically, this pattern breakout over Rs 3,150 levels would add aggressive bets on the stock.

Stocks to watch: TCS, Ashok Leyland, AU SFB, Adani Ports, NMDC, IDBI Bank

Stocks to watch today: TCS reported an 8 per cent rise in consolidated net profit to Rs 10,431 crore in Q2FY23; AU SFB re-appointed R V Verma as its non-executive chairman.

TCS beats Street estimates in Q2, net rises 8.4%; attrition remains high

Net profit has crossed the Rs 10,000-crore mark for the first time

TCS bounces 3.5% off lows ahead of September quarter results today

Analysts expect TCS to post a sequential revenue growth of 3-4.6 per cent in constant currency terms, while its net profit may rise in the range of 6-10.7 per cent from the last quarter

Nifty IT index tumbles nearly 4% on growth concerns; Infosys down 5%

On Wednesday, shares of TCS, Infosys, Coforge, Tech Mahindra, Larsen & Toubro Infotech, L&T Technology Services and Mindtree were down in the range of 3 per cent to 5 per cent

Wipro, Tech Mahindra: Jefferies downgrades six IT stocks on recession fears

Earlier in May, analysts at JP Morgan had downgraded the Indian IT sector citing growth concerns. Rising margin headwind in the near-term, JP Morgan had said then, was one of the key concerns.

TCS Q1 review: Brokerages caution against early signs of demand slowdown

The company has indicated that the near-term demand outlook remains strong, but senior-level client executives have started discussing a potential recession, said Nomura.

TCS Q1FY23 results today: How the IT giant performed in last four quarters

TCS's demand commentary could be strong even as margin may be hit due to wage hikes, according to Motilal Oswal

Stocks to watch: TCS, M&M, Vedanta, Tata Power, Dr Reddy's, Tata Motors

Stocks to watch today: IT behemoth Tata Consultancy Services (TCS) is slated to report June quarter 2022 numbers (Q1FY23); Dr Reddy's received two observations from USFDA for its Andhra plant

TCS Q1 revenue may rise up to 16% YoY, say analysts. What brokerages expect

Analysts expect EBIT margin to decline sequentially due to higher retention costs, wage revision, and increased travel costs. They peg margins in the range of 100 to 150 basis points (bps).

Infosys, TCS, Wipro: Is the fall in information technology stocks overdone?

In the last few weeks alone, analysts at JP Morgan, Kotak Institutional Equities and Nomura had sounded caution on the IT sector, suggesting that the heydays may be over, at least for now

TCS gains 1% in a weak market on strong demand outlook

The demand outlook continues to be strong as clients continue to spend on cloud transformation programs.

TCS can hit Rs 4,500 provided it can surpass Rs 4,000 mark on good volume

The stock needs to create a strong base and momentum in the range of Rs 4,000 to Rs 3,800 levels, which the stock has been unable to conquer with ease.

TCS Q4 result today: Here are top brokerage expectations on its performance

Analysts say the company's margins are likely to be flat to slightly negative on QoQ basis due to supply side pressures and high employee costs.

TMS Ep128: Delay in LIC IPO, digital-only banks, TCS buyback, RTGS

What does a delayed LIC IPO mean? Why are top lenders bullish about digital-only banks? Should you join the TCS stock buyback bandwagon? What is RTGS? Find all answers here

TCS in focus ahead of ex-date for share buyback; down 3% from day's high

TCS on January 12, 2022 had approved to buyback up to 40 million equity shares of face value of Rs 1 each at Rs 4,500 per equity share for an aggregate amount of upto Rs 18,000 crore.

Infosys, Tech M: Tech charts suggest its time to bottom fish IT stocks

The NSE IT index has been moving in a tight range, a breakout in either direcion can trigger a 2,000 points movement.

Stocks to Watch: RIL, ITC, TCS, Titan, Cadila, Emami, Lupin, EIH, Tyre

BoI, Devyani Intl, Eveready, FSL, Mahindra Life, Paytm, REC, Siemens, Sintex, SPARC, Tata Steel, Thermax and Vijaya Diagnostics are some of the prominent companies to announce results today.

High attrition, employee cost casts spell on IT stks; buy on dips: Analysts

The nervousness in the IT stocks, analysts believe, is on account of rising employee costs at a time the business growth has been modest year-on-year in the December 2021 quarter (Q3FY22)