Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Equity Bottom-Up

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<li>TCS delivered US$6,696mn in revenue in 4QFY22, broadly in line with our estimate of US$6,725m although EBIT margin at 25% came in 50bps above our estimate. </li>
<li>The margin beat was largely due to higher-than-expected operating efficiencies (though no details were given, we believe it is because of pyramid reshaping, automation and possibly higher offshoring). </li>
<li>TCS indicated strong demand on the back of highest-ever order inflow of US$11.3bn, which included two mega deals (~US$1bn each)...(continued).</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


TCS delivered US$6,696mn in revenue in 4QFY22, broadly in line with our estimate of US$6,725m although EBIT margin at 25% came in 50bps above our estimate. 
The margin beat was largely due to higher-than-expected operating efficiencies (though no details were given, we believe it is because of pyramid reshaping, automation and possibly higher offshoring). 
TCS indicated strong demand on the back of highest-ever order inflow of US$11.3bn, which included two mega deals (~US$1bn each)...(continued).

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Tata Consultancy Services: Revenue in Line and Margin Better than Expected

Tata Consultancy Svcs

Tata Consultancy Services: Revenue in Line and Margin Better than Expected