TCS stock rises 3% ahead of Q3 results; here’s what to expect
The IT heavyweight is likely to report moderate growth in the top and bottom line, while margins are expected to improve due to ease in supply side pressure.
The IT heavyweight is likely to report moderate growth in the top and bottom line, while margins are expected to improve due to ease in supply side pressure.
Both the Sensex and the Nifty 50 stage more than 14% recovery. The Sensex market capitalisation is up by nearly ₹7.63 lakh crore with 13.48% monthly growth.
Day after the lockdown extension announcement, markets remained in positive territory for majority of the day before global cues pushed them to close in the red.
The management of the top-tier IT firms see sustained demand for their core IT services and digital technology offerings from customers in the West.
A report by CRISIL Research shows that corporate revenue growth is expected to be 400-500 basis points lower than the first two quarters.