1. TCS shares fall ahead of business update

TCS shares fall ahead of business update

Tata Consultancy Services (TCS) shares fall nearly 2 per cent to trade at 2443.90.

By: | Mumbai | Updated: December 12, 2014 1:34 PM
TCS does a sell-side meeting before every quarter end.

TCS does a sell-side meeting before every quarter end.

Tata Consultancy Services (TCS) shares today fell nearly 2 per cent to trade at 2443.90. Traders speculated that the company may announce some restructuring, which may impact earnings outlook.

According to analysts, TCS will provide a business update later in the day.

TCS does a sell-side meeting before every quarter end. The management’s commentary on FY15 dollar revenue growth will be key, said analysts.

Stock has 34 ‘buy’ ratings, 16 ‘hold’ and 2 ‘sell’ ratings. The shares are at lower Bollinger band and 14-day RSI at 32.

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