IT: Supply-Side Constraints Persist; Demand Robust
IT Services sector is expected to report strong growth in Q4FY22 primarily on account of the new large deal wins and a ramp-up of deals won in the...
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Information Technology: Moderating, yet Strong
IT index is up >40% (mid-tier >100%) over the past year, supported by (1) earnings upgrade of ~5% for tier-1 IT and ~20% for mid-tier IT and...
301 Views
Event Update: TCS Buyback: An Opportunity For Retail Investors
TCS Buyback: An Opportunity For Retail Investors
216 Views
TCS: A Mixed Bag Result; Revenue In-Line But Margins Decline
We recommend a HOLD rating on the stock and assign a 31x P/E multiple to its FY24E earnings of Rs 135.2/share to arrive at a TP of Rs 4,200/share,...
352 Views
Healthy topline beat to assuage growth concern; outlook strong
TCS reported 3QFY22 revenue of USD6.52b, up 4.0% QoQ in constant currency (CC) above our estimate of 3.2% QoQ growth. 3Q topline was driven by...
337 Views