BROKERAGES ON TCS

Indian IT companies like TCS and HCL are set to report on their earnings, showing signs of recovery amidst cautious spending by US and European companies. Retail giants Fast Retailing and Ryohin Keikaku are expected to see growth in operating profit...

Nomura bullish on Indian IT sector with top picks Infosys and Coforge, upgrades ratings for Wipro and HCL Technologies. Anticipates GenAI adoption boosting cloud services demand.

India is transitioning from being the telemarketing voice of MNCs to their intellectual hub with the rise of GCCs. These fully owned and integrated hubs are driving growth, innovation, and value creation by leveraging India's talent pool. With a pro...

Hindustan Construction Company (HCC) witnessed a significant surge of almost 15% to reach a peak of Rs 45.6 during Tuesday's trading session on the BSE. This increase came after brokerage firm Elara Capital initiated coverage on the stock with a 'Bu...

Nifty IT index fell 2.3% with Coforge and Persistent Systems as top losers, despite Nifty hitting a lifetime high. IT sector has seen recent positive returns but remains a laggard over the quarter.

Dalal Street's Q1 earnings season sees Nifty constituents with 24% YoY profit growth, varying estimates from brokerages: ICICI Securities reports 44%, Kotak Institutional Equities 14%, and Motilal Oswal 13%.

Infosys, TCS and HCL Tech remain top picks of brokerage firm Kotak Institutional Equities followed by Cyient in the mid-tier segment amid an extended outlook for weak demand and macro uncertainty in the IT sector.

Brokerages adjust Infosys' share targets post revenue cut. Stock at ₹1,411.95, target post Q4: ₹1,582.12 (12% upside). Analysts note slow discretionary demand despite sector bottoming out, Infosys' attractive valuation.

TCS shares rose up to 1% to the day's high at Rs 4,063 on BSE even as Sensex and Nifty fell around 1%. During the March quarter, TCS reported a 2.2% YoY increase in its revenue at Rs 61,237 crore in constant currency terms, despite ongoing demand we...

CLSA maintained an underweight rating on TCS post March quarter results and reduced the target price to Rs 3941 from Rs 4043 earlier.

TCS Q4 Results Preview: TCS to release earnings for March with slight improvement expected. Analysts monitor core earnings, profitability, deal wins, and management outlook for FY25 closely after challenging quarters.

TCS likely to see sequential revenue growth in Q4 driven by BFSI and manufacturing sectors, with key focus on management commentary on new deals and vertical outlook.

Its operating margin is also likely to expand in the absence of any major wage increases and higher internal efficiency. The country’s largest software exporter is slated to declare the fourth quarter numbers on Friday.

​In a significant move, JP Morgan, one of the leading global financial institutions, has announced a series of upgrades and adjustments for several key players in the Indian IT sector ahead of the fourth-quarter results.

CLSA upgraded TCS, HCL Technologies, and Tech Mahindra. Nomura recommended reduce on M&M Finance. BofA upgrades Jubilant FoodWorks to buy. JPMorgan maintains underweight on Tata Technologies.

IIFL downgraded Sanofi India to Reduce from ADD earlier with a target price of Rs 8,125. The stock continues to underperform domestic market growth. New launches remain limited and muted volume growth is seen in the top 3 therapies.

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.

CLSA maintained a buy rating on RIL with a target price of Rs 3060. Organic and inorganic triggers are likely to come together and support the up move in 2024.

While TCS is seen reporting a moderate growth in revenue in constant currency terms sequentially, Infosys will see the topline declining by more than 1 per cent, according to estimates given by brokerage firms.