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Yogesh Mehta, Founder, Yield Maximisers, picks out this three favourite IT stocks: Tech Mahindra, Infosys and TCS, in that order. In this interview, he says
TCS is a strong contender as a portfolio stock if the price corrects to Rs 2,800-2,900. Edited excepts.
Do you believe that the undertone of the market continues to remain quite negative and it will take time to recoup losses? Or do you believe that we are likely to bounce back the way it was evidenced in trade today?
The threat from increasing number of new cases has created panic in India, especially wherein globally there is no panic at all. Domestically, there is no further negative news flows as far as RBI or economy or earnings are concerned. So all these are positive factors. Second wave is the only external negative factor which fearfully worked across the traders community, leading to the landslide fall.
TCS Q4 result preview: What to expect?
Analysts are expecting TCS to clock 2.8-4 per cent growth on sequential basis in sales, while somewhere between 5 and 10 per cent growth in profit on a QoQ basis in Q4.
BusinessToday.In | April 12, 2021 | Updated 12:29 IST
IT sector as a whole is likely to surprise again with strong growth numbers
India s biggest tech company Tata Consultancies Services (TCS) Limited will announce its quarterly financial results for the January to March period today. Analysts are expecting TCS to clock 2.8-4 per cent growth on sequential basis in sales, while somewhere between 5 and 10 per cent growth in profit on a quarter-on-quarter (QoQ) basis in Q4.
Revenue grew 9.4% from a year earlier to ₹43,705 crore, beating the ₹43,505.60 crore consensus estimate in a Bloomberg poll. For FY21, revenues stood at ₹1.64 trillion.
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TCS FY21 net profit rises 0.27% to Rs 32,430 cr; revenue rises to Rs 1.64 lakh cr
TCS registered revenue from operations at Rs 164,177 crore during FY21, up 4.6 per cent from Rs 156,949 crore in FY20; the company also declared a dividend of Rs 15 per equity share
BusinessToday.In | April 12, 2021 | Updated 19:56 IST
Tata Consultancy Services (TCS) posted a 0.27 per cent increase on annual basis in consolidated net profit for the financial year ended March 31, 2021 at Rs 32,430 crore. The IT bellwether had recorded a net profit of Rs 32,340 crore in the previous financial year, the company said in a stock exchange filing on Monday.
TCS investors should watch out for large deal wins, outlook on client spending trends and levers to defend or improve margins in the backdrop of certain supply side concerns, analysts said.