Tata Consultancy Services share price gains, analysts say demand positive

Comments 0
India's TCS  shares gain as much as 2.2 percent after analysts cite that Oct-Dec revenue would be impacted by seasonal weakness. (Photo: Indian Express) India's TCS shares gain as much as 2.2 percent after analysts cite that Oct-Dec revenue would be impacted by seasonal weakness. (Photo: Indian Express)
SummaryTata Consultancy Services share price rises as much as 2.2 pct even after analysts say revenue to be impacted.

Shares in India's Tata Communications Ltd gain as much as 2.2 percent after analysts cite the company executives as saying that although October-December revenue would be impacted by seasonal weakness, it was broadly in line with seasonal trends.

Tata Consultancy Services is also positive about the demand environment, according to analysts who attended a briefing by executives including the software service exporter's Chief Financial Officer Rajesh Gopinathan.

"Tata Consultancy Servicesremains confident of a solid demand environment. We believe TCS can sustain the gap in revenue growth and margins versus the industry," said Kotak Institutional Equities in a report on Tuesday.

Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...