After TCS stages strong all-round show, here is what experts expect from other Nifty IT firms
TCS Q1 FY25 Review, Tata Consultancy Services Share Market News: Here's a summary of how analysts and other experts are viewing the Tata group IT major after its stunning quarterly performance.
TCS Q1 FY25 Review, Tata Consultancy Services Share Market News: Tata group IT giant TCS - India's largest software exporter - kicked off the earnings season on a strong note with robust across-the-board performance across segments and markets. Though its consolidated net profit declined 3.2 per cent sequentially for the April-June period to Rs 12,040 crore, it was almost in line with analysts' estimates, and its margin was 20 bps above their expectations. In a strong signal to investors, TCS CEO and MD K Krithivasan said the company made "a strong start to the new fiscal year with all-round growth across industries and markets" and is "continuing to expand its client relationships, create new capabilities in emerging technologies and invest in innovation".
Here's a summary of how analysts and other experts are viewing the Tata group IT major after its stunning quarterly performance.
Buy TCS futures, says market guru Anil Singhvi
Zee Business Managing Editor Anil Singhvi suggests buying TCS futures for targets of Rs 3,960, Rs 3,995 and Rs 4,040 with a stop loss at Rs 3,890.
TCS Q1 FY25 results very strong on all parameters: Anil Singhvi
TCS results are "very strong on all parameters", says the market wizard.
Anil Singhvi suggests buying TCS futures for targets of Rs 3,960, Rs 3,995, Rs 4,040 with stop loss at Rs 3,890
The market guru highlights that the Tata group IT major's financial performance for the April-June period is strong across its business verticals.
Expect good results from LTIMindtree: Anil Singhvi
The market wizard suggests buying LTIMindtree futures for targets of Rs 5,485 and Rs 5,520 with a stop loss at Rs 5,380. He views the strong show by TCS as a positive trigger for IT stocks.
HCLTech Q1 results due later on Friday; here is what to expect
According to Zee Business research, HCLTech is estimated to register a consolidated net profit of Rs 3,800 crore for the June quarter, which translates to a fall of 4.7 per cent compared with the previous three months.