TCS shares rise 3% after Q1 show

After Tata Consultancy Services (TCS) reported a higher-than-estimated June quarter profit on Wednesday, shares of IT major rose 3%, making it one of the best Sensex performers in Thursday's trade

Nomura: Reduce | Target Price: Rs 2,800 Nomura maintains a 'Reduce' rating for India's largest IT company with a price target of Rs 2,800. TCS missed both revenue and margin estimates by Nomura in Q1.

TCS shares rise 3% after Q1 show Read more at:

25% EBIT margin in FY24.

TCS shall be one of the biggest beneficiaries of this demand, driven by its capabilities in winning transformational as well as cost takeout deals – as manifested in its deal-wins in Q1.