Stocks in focus: Indian stock market is expected to remain positive to sideways with the start of the Q4 earning season. Investors to keep an eye on FOMC meeting minutes. Tata Consultancy Services (TCS), Ugro Capital, Vedanta, Glenmark Pharmaceuticals among stocks to watch on April 12, 2023. Find out more in this Business Today Visual Story.
TCS shares are trading at just 12 per cent premium over Nifty IT against 15 per cent premium that they traded at on average over the last 16 years. That premium was as high as 30-40 per cent in January-May 2020.
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.