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.
Q3 Nifty results preview: In total, Motilal Oswal expects 17 Nifty companies including HDFC Bank and Larsen & Toubro to report a PAT growth of above 30 per cent YoY. It sees 10 Nifty companies to report a YoY drop in PAT.
JSW Steel is expected to post a sequential decline in volumes for the quarter, with Coal costs expected to stay elevated. Motilal Oswal said the management the performance of domestic and overseas subsidiaries will be crucial.
PL has maintained its ‘SELL’ rating on HPCL with a revised target of Rs 276 against Rs 272 earlier. It downgraded ratings on BPCL and IOC Ltd from 'Reduce' to ‘Sell’, valuing them at 1 time FY26 PBV and 0.7 times FY26 PBV, respectively.
India's top IT service companies Tata Consultancy Services (TCS), Infosys and Wipro will declare their respective third-quarter numbers for the financial year 2021-22 (FY22) on Wednesday. This is apparently the first time that the three firms will announce quarterly figures on the same day. It is widely expected that IT companies could post decent numbers following a year of acquisitions, deal wins and high digital transformation.