TCS, Infosys shares: Just like its larger peer TCS, Infosys indicated a status quo on demand conditions and did not indicate a material upturn in 4QFY24.
TCS Q3 results: Nomura India expects revenue for TCS to decline 0.4 per cent sequentially in constant currency terms. It expects a 0.7 per cent positive revenue contribution from BSNL project and negative impact from furloughs.
Infosys, TCS share price Shares of Infosys were trading 1.49 per cent lower at Rs 1,497. TCS was up 0.91 per cent at Rs 3,747.40. The BSE IT index was down 0.23 per cent in an otherwise strong day for the market.
The BSE IT index has dropped 3 per cent in the last five days against a 1 per cent drop for the Sensex, with Infosys Ltd (down 4 per cent), Wipro Ltd (down 3.49 per cent), TCS (3.17 per cent), Tech Mahindra Ltd (down 2 per cent), HCL Technologies Ltd (down 2 per cent).
Infosys, HCL Tech Q3 results: Nirmal bang said investors would wish to known whether Infosys will come in at the higher or lower end of its guidance and if there is any change in the revenue conversion problem seen in Wipro.