Healthy Q3 expected for Wipro with IT services revenue growth seen at 3.5% at top end of guidance . Watch for outlook on demand trends, deal momentum & comments on new organisation structure.
Updated Jan 11, 2021 | 15:31 IST
TCS management aims for double-digit growth even beyond FY22. Stellar Q3 lifts stock and Nifty IT index to fresh highs and brokerages hike earnings estimate and Target price; Edelweiss TP at Rs 4176/share. Representational Image
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TCS CEO: “There is absolutely no doubt that TCS is going for double digit growth (even beyond FY22)”
Goldman Sachs: TCS key beneficiary of current wave of IT outsourcing and cloud migration
Edelweiss: Raises target price to Rs 4,176/share on strong growth and exceptional execution
A stellar Q3 (October-December quarter) lifted TCS and Nifty IT index to fresh record highs as the IT major Tata Consultancy Services (TCS) posted strongest Q3 in nine years despite Q3 being a seasonally weak quarter. Most brokerages hiked earnings estimate and Target price to anywhere around Rs 3400 per share and beyond. TCS became the first IT company to cross a market capitalisation of over R
Updated Jan 08, 2021 | 08:48 IST
Indian IT companies are poised to turn in the best Q3 in a decade; TCS likely to report industry-leading growth along with robust TCV of deals and positive commentary TCS Q3 preview: Robust TCV of deal wins expected; management to continue with positive commentary.
Mumbai: TCS stock hit fresh record highs in trade this week, this is just ahead of results to be declared on Friday (Jan 8), in fact the stock price has surpassed the recent buyback price of Rs 3,000 per share. Post the recent run-up and buyback TCS stock trades at premium valuations (highest amongst peers) of about 30x FY22 price to earnings multiple (PE).
Infosys rallies on $3 billion Daimler deal, mcap crosses $70 billion
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This story is from December 24, 2020
Infosys rallies on $3 billion Daimler deal, mcap crosses $70 billion
Shilpa Phadnis & Partha Sinha / TNN / Updated: Dec 24, 2020, 08:33 IST
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(File photo)
BENGALURU/MUMBAI: Infosys crossed $70 billion in market capitalisation for the first-time in its 39-year history after its ADR ran up by 5% at Tuesday’s close on the NYSE. At close of trading on Wednesday, Infosys had a market capitalization of Rs 5.3 lakh crore, the fifth largest company by market value in India. On Wednesday, the Infosys ADR was up by 0.5% during the opening hours.