Tag: tata

ICICI Bank, Reliance Industries, Mahindra & Mahindra, Eicher Motors, SAIL, IRCTC, City Union Bank and Tata Motors are among the stocks recommended by analysts for the short term.

TCS anticipates growth in India with a recent BSNL deal. CEO Krithivasan focuses on new markets and expresses optimism about future IT industry demand. The company\’s strategic deal approach and high margins drive continued success amid market challenges.

On Friday, Jefferies maintained its hold rating on Tata Consultancy Services (NS:TCS), with a price target (PT) of Rs 4,030. The firm noted that TCS\’s fourth-quarter results surpassed expectations, but cautioned that persistent demand pressures cast a shadow over the growth outlook. Despite a strong deal pipeline, the management\’s conservative commentary, coupled with a continued reduction in headcount and a significant cut in subcontractor use, raised concerns regarding future growth prospects.

TCS Q4 Results: Revenue from operations increased by a marginal 3.5% year-on-year (YoY) to Rs 61,237 crore. On a sequential basis, profit after tax jumped 12%, compared with Rs 11,058 crore clocked in the preceding December quarter. Revenues were up 1% quarter-on-quarter (QoQ).

This will be paid on the fourth day from the conclusion of the 29th Annual General Meeting. TCS\’ revenue for the January-March quarter stood at Rs 61,237 crore, up 3.5% on a year-on-year basis and 2.2% YoY in constant currency terms. Full-year revenue was reported at Rs 240,893 crore, up 6.8% YoY and over 3.4% in the CC terms while the net income stood at Rs 46,585 crore jumping by 10.5% YoY.

Market expert Joshi praises TCS\’s outstanding financial performance, expecting a stock re-rating. Anticipates positive sector impact and growth in BFSI, energy, manufacturing, life sciences, and healthcare industries based on TCS\’s stellar results.

TCS Q4 Results: The company\’s order book for FY24 was at an all-time high of $42.7 billion and record $13.2 billion in the March quarter, led by the mega deal with Aviva and others in the emerging markets vertical.

Banks spending more on technology to meet regulatory mandates, companies upgrading SAP systems and a broader increase in technology spending after US elections due in November are some of the factors that have raised demand recovery prospects for India’s $245 billion-plus IT services sector next year.

TCS anticipates sequential growth in Q4 driven by BFSI and manufacturing sectors. Operating margin estimates 25.2-27.2%. Key focus on FY25 outlook, Hi-Tech, telecommunications, US, Europe, and Accenture Plc. Investor interest in Dalal Street.