Will TCS declare a remarkable Q3?

India Infoline News Service | Mumbai | January 11, 2017 16:21 IST

Tata Consultancy Services (TCS) will declare its Q3 results on January 12. Moreover, the current quarter of the company was in the news due to a spat between Cyrus Mistry and Ratan Tata.

TCS1
Tata Consultancy Services, commonly abbreviated as TCS, will declare its Q3 results on January 12. Moreover, the current quarter of the company was in the news due to a spat between Cyrus Mistry and Ratan Tata.

However, according to BNP Paribas' report unlike other individual Tata companies, TCS could declare an outstanding result. According to the report published by BNP Paribas, TCS’s dollar revenue will inch up 0.3% YoY.

It will be interesting to see the results of the company. However, in Q2 FY17 the company had reported a 4% increase in profits YoY.

On January 11, the stock ended 0.33% higher. The stock witnessed a spurt in volumes by more than 4.40 times. In the last one year, it has fallen by 1.61%, and is currently trading with a P/E of 17.92. On a half yearly basis, the EPS of the stock stands at Rs 128. 

Stock view:

Tata Consultancy Services Ltd ended at Rs 2323.05, up by Rs 7.6 or 0.33% from its previous closing of Rs 2315.45 on the BSE.

The scrip opened at Rs 2315.45 and touched a high and low of Rs 2328 and Rs 2282 respectively. A total of 1012881(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 456242.74 crore.

The BSE group 'A' stock of face value Rs 1 touched a 52 week high of Rs 2740 on 16-Aug-2016 and a 52 week low of Rs 2054.7 on 15-Nov-2016. Last one week high and low of the scrip stood at Rs 2387 and Rs 2257 respectively.

The promoters holding in the company stood at 73.33 % while Institutions and Non-Institutions held 22.18 % and 4.49 % respectively.

The stock traded above its 200 DMA.

***Note: This is a NSE Chart

 

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