Should you buy, sell or hold TCS shares after Q4 results?
Post Q4 numbers, most brokerages remained bullish on TCS, expecting the share price to rise up to 15% to ₹4,700 from the current market price.
Post Q4 numbers, most brokerages remained bullish on TCS, expecting the share price to rise up to 15% to ₹4,700 from the current market price.
Most analysts have kept ratings unchanged on TCS post Q4 results; the IT heavyweight has an average target of ₹3,694, an upside of 16% from the current market price.
Axis Securities expects TCS to report revenue growth of 2.5% QoQ, while its operating margins are likely to expand by 97 bps in Q4FY23.
TCS Q4 results: The IT major hit a record by hiring 35,209 employees in the March quarter and 103,546 in FY22, the highest ever net addition in any quarter and year.
Co is vigilant of the market situation but maintains a positive outlook on FY23.
TCS is expected to report 2.3% sequential growth in profit and 3.1 quarter-on-quarter (QoQ) growth in revenue for the March quarter of 2022.