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MSCI Rejig: MCX, Indian Bank make the cut; RVNL, Kalyan Jewellers dropped
On the flip side, HUL, Bajaj Finance, TCS, ONGC, UltraTech, Infosys, HAL, Coal India, Mahindra & Mahindra, Nestle India, Power Grid are among the 75 names whose weightage will see a decline on the MSCI Standard Index.
Morgan Stanley reiterates ‘Overweight’ rating on TCS, sees 10% upside potential
Tata Consultancy Services is gaining attention after Morgan Stanley reiterated an “Overweight” rating with a ₹2,880 target, implying ~10% upside. Despite short-term pressure on the stock, the brokerage expects a recovery in growth and potential valuation re-rating, signalling a possible turnaround.
TCS makes 25,000 fresher offers in FY27, says more hiring hinges on demand: Report
TCS has made 25,000 fresher offers in FY27, down from 44,000 last year, with CEO K Krithivasan telling PTI that further campus hiring will depend on how demand conditions unfold across segments and geographies.
Sensex Today | Stock Market LIVE Updates: 24,000 remains a Nifty barrier; TCS, IT stocks in focus
Sensex Today | Stock Market LIVE Updates: The spotlight today will be on IT stocks after the TCS results. US-listed shares of Infosys and Wipro had a muted reaction to the numbers.Wipro will also be in focus on the news of its buyback. The other headwind for IT stocks today is the sell-off in SaaS names on Wall Street overnight.
Stocks in news: RIL, TCS, IDFC First Bank, BPCL, SpiceJet
Indian equity markets saw profit booking on April 9, ending a five-day rally. Several companies like RIL, TCS, and IDFC First Bank are in focus due to news and Q4 results. Granules India faces US regulator scrutiny, while SpiceJet is ordered to pay $8 million to an engine lessor.
TCS Shares In Focus After First-Ever Annual Revenue Contraction In Dollar Terms
Even during the pandemic-affected fiscal 2021, TCS had managed a marginal growth of 0.6%.
TCS Q4 Results: Board declares final dividend of ₹31 per share. Details here
TCS announced a final dividend of ₹31 per share for FY26, alongside a 12.22% increase in net profit to ₹13,718 crore. The company reported a revenue growth of 9.6%, reaching ₹70,698 crore, and highlighted a strong focus on AI services with a $2.3 billion revenue.
TCS Q4 results today: 6 things to track for investors spooked by AI crash
Tata Consultancy Services reports its March quarter results today. Investors will focus on management's outlook for FY27 demand, artificial intelligence, and large deal momentum. The IT major's commentary could shape sentiment for the entire sector. Key areas to watch include revenue growth, FY27 guidance, deal wins, sector performance, margins, and AI strategy.
TCS shares in focus ahead of IT firm’s Q4 earnings announcement. What to expect?
Investors are keenly watching TCS's earnings announcement following a significant IT stock plunge. Analysts anticipate moderate revenue and profit growth, with BFSI and technology verticals driving performance. Deal wins are expected to remain robust, while margins are projected to be stable, with a focus on AI investments and employee restructuring.
Stocks to watch: TCS, Bosch, NTPC, NHPC among 10 shares in focus today - Mint
Stocks to watch: TCS, Bosch, NTPC, NHPC among 10 shares in focus todayMint
Should investors buy TCS, Infosys ahead of Q4 results or AI risk too big to ignore?
Indian IT stocks face pressure ahead of Q4 results, with Nifty IT down nearly 20% this year. Investors weigh a potential buying opportunity against structural concerns like weak global demand and the significant impact of AI. Brokerages remain cautious, expecting subdued growth and mixed margins, with a focus on FY27 guidance.
TCS scales up Chennai presence to 7.79 lakh sq ft with fresh OMR lease
Tata Consultancy Services is expanding its Chennai office space by 1.47 lakh sq ft at Ozone Techno Park. This move increases TCS's total rental commitment at the campus to nearly Rs 3.5 crore monthly. The expansion reinforces Chennai's importance as a key delivery hub for TCS.