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.
Extending gaining streak for the fourth straight session, TCS shares rose as much as 2.6% to scale a new peak of ₹4,229.30 on the BSE.
TCS shares declined 1.2% to hit a low of ₹3,468 as the stock turned ex-date for share buyback today.
TCS to buyback up to 4,09,63,855 shares at ₹4,150 apiece; stock rises today
Canada-based aviation firm Bombardier has selected TCS to accelerate its digital transformation and drive innovation.
Most of global brokerage houses have maintained cautious stances on TCS shares post its December quarter results.
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.
Tata Consultancy Services has clarified that there is no delay in payment of variable pay to its employees and they will get 100% for the June quarter.
TCS share price dropped 4.6% to hit a low of ₹3,116.40 levels after it reported lower-than-expected earnings for the first quarter ended June 2022.
TCS is expected to register 3% QoQ growth in constant currency in Q1 FY23, while EBIT margins are expected to decline 110 bps quarterly to 23.9%.