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    TCS   INE467B01029

TATA CONSULTANCY SERVICES LTD.

(TCS)
  Report
Delayed NSE India Stock Exchange  -  07:27 2022-09-30 am EDT
3004.55 INR   +0.24%
09/29Tata Consultancy Services : CareScout Partners with TCS to Create Marketplace that Makes Long Term Care More Accessible to Americans
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09/29Tata Consultancy Services Collaborates with CareScout for Long-Term Care Services
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09/29Carescout Partners with Tcs to Create Marketplace That Makes Long Term Care More Accessible to Americans
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian shares fall as TCS earnings weigh on tech stocks

07/11/2022 | 12:03am EDT
Bombay Stock Exchange (BSE) in Mumbai

BENGALURU (Reuters) - Indian shares fell on Monday, dragged by technology companies after top IT services provider Tata Consultancy Services missed estimates for June-quarter profit.

The NSE Nifty 50 index was down 0.4% at 16,153.05, as of 0348 GMT, while the S&P BSE Sensex fell 0.42% to 54,250.60.

Shares of TCS fell 2.3%, after it missed quarterly profit estimates by a wide margin as employee-related expenses soared. The index heavyweight also pulled down tech index by 2%.

D-Mart owner Avenue Supermarts jumped 2.9% after reporting strong quarterly results.

Looking ahead, India's retail inflation data is due this week, with a Reuters poll showing that the reading likely held steady in June but well above the Reserve Bank of India's tolerance limit for a sixth month.

(Reporting by Nallur Sethuraman in Bengaluru; editing by Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AVENUE SUPERMARTS LIMITED 3.44% 4386.55 Delayed Quote.-6.10%
NIFTY 50 1.64% 17094.35 Delayed Quote.-1.50%
SENSEX BSE30 1.80% 57426.92 Real-time Quote.-1.42%
TATA CONSULTANCY SERVICES LTD. 0.24% 3004.55 Delayed Quote.-19.63%
All news about TATA CONSULTANCY SERVICES LTD.
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09/29Tata Consultancy Services Collaborates with CareScout for Long-Term Care Services
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09/29Carescout Partners with Tcs to Create Marketplace That Makes Long Term Care More Access..
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09/21Tata Consultancy Services Bags Contract from Zurich Insurance to Boost Insurance Busine..
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09/21Tata Consultancy Services Limited and Zurich Insurance Germany Expands Their Partnershi..
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09/20Tata Consultancy Services Bags Contract from Israel's OFEK Credit Union
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Analyst Recommendations on TATA CONSULTANCY SERVICES LTD.
More recommendations
Financials
Sales 2023 2 198 B 27 016 M 27 016 M
Net income 2023 420 B 5 161 M 5 161 M
Net cash 2023 397 B 4 882 M 4 882 M
P/E ratio 2023 26,2x
Yield 2023 2,71%
Capitalization 10 994 B 135 B 135 B
EV / Sales 2023 4,82x
EV / Sales 2024 4,35x
Nbr of Employees 592 195
Free-Float 27,7%
Chart TATA CONSULTANCY SERVICES LTD.
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Tata Consultancy Services Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends TATA CONSULTANCY SERVICES LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 40
Last Close Price 3 004,55 INR
Average target price 3 422,65 INR
Spread / Average Target 13,9%
EPS Revisions
Managers and Directors
Rajesh Gopinathan CEO, MD & Non-Independent Executive Director
Samir Seksaria Chief Financial Officer
Natarajan Chandrasekaran Non-Executive Chairman
K. Ananth Krishnan Chief Technology Officer
N. Ganapathy Subramaniam COO & Non-Independent Executive Director
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