TCS Q3 Results: All You Want to Know
TCS Q3 Results :- TCS Impresses with Strong Q3 Earnings and Margins :- In a noteworthy performance, Tata Consultancy Services (TCS) has exceeded market expectations in its Q3 earnings, showcasing robust financials and margins. Despite facing seasonal challenges and macro-economic headwinds, TCS’s positive results have defied initial concerns.
“We were expecting a flattish revenue growth in rupee terms while the company reported earnings that came above expectations. The best thing is despite a seasonally weak quarter with macro-economic headwinds, TCS performed very well on most earnings parameters.”
Prashanth Tapse, Senior VP (Research), Mehta Equities
Infosys Reports Sequential Dip; Adjusts Guidance Amidst Lower Deal Wins
In contrast, Infosys reported a 1.7% sequential fall in consolidated net profit for Q3FY24, along with a 0.4% decrease in consolidated revenue to ₹38,821 crore. While the company adjusted its guidance and experienced a drop in the number of deal wins compared to the previous quarter, industry experts suggest that the overall impact is not as dire as initially feared.
Market Watch on TCS and Infosys Stocks Post Q3 Results
Investors are closely monitoring the market as TCS and Infosys stocks are set to react to their Q3 earnings announcements. The focus is on how these contrasting performances will influence market sentiment.
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Quote from Prashanth Tapse on Technical Perspective:
“On Friday, the focus will be on TCS & Infosys stocks, which will react to their Q3 earnings announcements. From a technical perspective, Nifty’s aggressive upside targets are still seen at the psychological 22,000 marks, while confirmation of strength is only above the 21,836 mark.”
TCS Shares Eyeing Resistance Break, Nifty Upside Targets in Sight
Analysts are keenly observing the technical aspects of the market, with TCS shares potentially surpassing resistance above 3,800. Tapse maintains an optimistic short-term view and anticipates that Nifty’s aggressive upside targets remain at the psychological 22,000 marks.
As the market opens, the divergent trajectories of TCS and Infosys stocks post Q3 results create a dynamic landscape. TCS’s impressive showing provides a positive outlook, while Infosys, despite adjustments, is perceived to have navigated challenges reasonably well. Investors and analysts await further developments to gauge the continued impact on market sentiment.
Note- please don’t take any decision on the basis of this news. This news is just for information purpose only. Please confirm everything from official sites.
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