According to the brokerage firms, ICICI Bank reported strong 4QFY23 performance on the back of healthy credit growth, margin expansion and improvement in asset quality.
HCL’s performance was not as bad as feared. In constant currency (CC) terms, revenue fell 1.2% sequentially, lower than consensus expectations of a 1.5% fall.
Infosys, TCS shares: The average price target for TCS at Rs 3,630 hints at a 15 per cent potential upside. Infosys' average price target at Rs 1,663 suggests 32 per cent upside potential.
TCS may report a 14.5 per cent YoY rise in net profit at Rs 11,366 crore in the March quarter compared with Rs 10,846 crore in the year-ago quarter, Antique Stock Broking said.
TCS' clients are getting more cautious in the US and Europe and that the delay in decision-making, which was more pronounced in Europe, is now visible in the US.