Page 34 - Tcs News Today

On the stock-specific front, HCL Tech, Wipro, HDFC Life Insurance and few other counters will be in focus today.

TCS numbers better than estimates, order book lower than expected. North American market and BFSI facing challenges. Commentary on client decision making, budgeting cycle, and pricing critical. Headcount reduced, campus hiring still a focus. AI and AI.cloud-led demand driving sector growth. Resilient stock pick in midcap IT space: ER&D and platform product companies with growth in AI and mobility platforms.

At the post-results briefings, senior executives at Infosys and TCS said there were few signs of recovery in global demand for technology services, which has been buffeted by macroeconomic and geopolitical uncertainty for nearly two years now.

Indian equity indices treaded higher led by banking and IT stocks. Infosys and TCS were the top gainers, along with Wipro, Tech Mahindra, HCL Tech, and UltraTech Cement. On the other hand, M&M, Asian Paints, Bharti Airtel, HUL, and Power Grid opened lower. According to experts, the resilience in IT stocks and strength in Reliance will consolidate Nifty around 21600 levels. The US CPI inflation rising to 3.4% may delay the expected rate cut by the Fed in March, along with the rate cut by the ...

Brokerage firm InCred upgraded Infosys to an ADD post Q3 results, Morgan Stanley also upgraded TCS to overweight post Q3 results, Axis Capital maintained an ADD rating on Polycab and Jefferies has a buy rating on Macrotech Developers.

Earnings growth to be in mid-teens and there is headroom for margin improvement

 The companys market capitalisation (Mcap) went up by Rs 51,921.94 crore to Rs 14,19,016.71 crore during the morning trade.

"Through the AI Experience Zone, we are empowering our associates with the ability to harness the transformative potential of GenAI through hands-on experience," Siva Ganesan, Head of TCS AI.Cloud Unit, said in a statement. 📲 TCS Launches New ‘AI Experience Zone’, Aims To Create World’s Largest AI-Ready Workforce After Training Over 1,50,000 Employees.

India Business News: TCS shares surge 4% on Q3 results; TCS stock trading at Rs 3,884.30; Morgan Stanley upgrades to 'Overweight'; Motilal Oswal maintains 'Buy'; Nuvama in

Shares of Tata Consultancy Services (TCS) jumped over 3 per cent to the day’s high of Rs 3,860.25 on the NSE