Brokerages bullish on TCS despite Q1 earnings miss, advise b

Brokerages bullish on TCS despite Q1 earnings miss, advise buying on declines


Brokerages bullish on TCS despite Q1 earnings miss, advise buying on declines
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Last Updated: Jul 10, 2021, 09:35 AM IST
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Synopsis
Most brokerages have maintained bullish views on Tata Consultancy Services (TCS) even as the software major’s June quarter earnings missed consensus estimates. Credit Suisse retained ‘outperform’ while IIFL has maintained ‘add’, and recommends adding the stock on any decline.
ET Bureau
Tata Consultancy Services on Thursday reported a consolidated net profit of ₹9,008 crore for the quarter ended June
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Tata Consultancy Services (TCS) even as the software major’s June quarter earnings missed consensus estimates.
Credit Suisse retained ‘outperform’ while IIFL has maintained ‘add’, and recommends adding the stock on any decline.

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