Thursday, 12 October 2017

Market Watch@Result Expectation: TCS

Market view: 

Nifty hovers around the 10000 mark.  Midcap IT stocks rallies ahead of TCS numbers. PSU Banks continue to tumble on account of fresh short buildup. Immediate support for Nifty/Bank Nifty is placed at 10000/24000 and resistance at 10050/24200.

Result Expectation: TCS Q2 FY18 (QoQ):

  • PAT may rise 5.7% to Rs 6,284 Cr.
  • Revenue likely to grow 3.4% at Rs 30,585 Cr.
  • Revenue in U.S. dollar terms is expected to grow 3.1% to $4,735 million.
  • Operational margins may expand 110 basis points to 24.5%.


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