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...
304 Views
Event Update: TCS Buyback: An Opportunity For Retail Investors
TCS Buyback: An Opportunity For Retail Investors
222 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,...
356 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...
344 Views
HSIE Results Daily: Tata Consultancy Services, Infosys, Wipro
Tata Consultancy Services: TCS reported in-line revenue performance, while the margin was a miss. Infosys: We maintain BUY on Infosys (INFY),...
346 Views