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TCS share price dips ahead of Q3 results today. Should you buy?

TCS Q3 results today: Shares of Tata Consultancy Services (TCS) saw minor selling pressure ahead of its third-quarter earnings announcement on January 12. TCS’s results will kick off India Inc’s Q3 earnings season, which is being closely watched by analysts and investors, as strong earnings could help offset headwinds facing the Indian stock market, including tariff-related concerns and continued FII selling. Ahead of the results, TCS shares were down 0.81% at ₹3182 on the BSE amid expectations of a flattish quarter due to furloughs and cautious client spending.

TCS share price dips ahead of Q3 results today. Should you buy?

Credit: Livemint

Key Highlights

  • Most IT companies are likely to report improvement in year-on-year revenue growth in Q3.
  • Seasonal furloughs and lesser working days as against Q2 should keep revenue growth muted on a sequential basis, said brokerages.
  • As for TCS, analysts are baking in modest growth in international operations offset by a decline in the India business.
  • EBIT margins are likely to remain stable, as rupee depreciation compensates for planned investments.
  • Kotak Institutional Equities (KIE) pegs the total contract value (TCV) of US$10–11 billion for the quarter.
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Sources

  1. TCS share price dips ahead of Q3 results today. Should you buy?

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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