Attrition
Lowest ever
The net income for the quarter grew 15.6% to $1.26 billion with a wider margin of 26.8%. The company declared a dividend of ₹15 a share. However, some reports suggest that the bottom line has been below expectations.
TCS share price is already near its all-time high. Market participants expected a good quarter as the pandemic had forced companies to digitise their operations and process at a scale never seen before. The entire Nifty IT index, which includes peer stocks like Infosys, Tech Mahindra, and HCL Tech aside from the smaller peers, gained over 6.6% in the three months ending March 2021, a lot more than the benchmark index Nifty, which went up 5.1%.