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Tata Consultancy Services Limited (TCS.NS)
| Previous close | 3,035.65 |
| Open | 3,054.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 2,990.00 - 3,055.85 |
| 52-week range | 2,926.10 - 4,043.00 |
| Volume | |
| Avg. volume | 2,347,347 |
| Market cap | 10.922T |
| Beta (5Y monthly) | 0.69 |
| PE ratio (TTM) | 28.50 |
| EPS (TTM) | 105.17 |
| Earnings date | 10 Oct 2022 |
| Forward dividend & yield | 44.00 (1.47%) |
| Ex-dividend date | 14 Jul 2022 |
| 1y target est | 3,506.00 |
- Reuters
Goldman cuts India's Infosys, TCS to "sell" on looming slowdown
BENGALURU (Reuters) -Goldman Sachs downgraded top Indian information technology service providers Tata Consultancy Services and Infosys to "sell," from "buy," citing a potential slowdown in dollar revenue growth in the face of impending macroeconomic stress. "We believe a slowdown in discretionary IT services spend around the growth and transformation agenda will be quite material and something not yet completely reflected in the street's double-digit revenue growth forecast for the industry for FY24," Goldman analysts said in a note. Goldman said it remains "more sanguine" on the EBIT margin forecasts than on revenue of Indian IT companies, given multiple levers such as higher employee utilisation, controls on variable pay and annual wage hikes.
- Bloomberg
Ratan Tata, 84, Backs Startup That Staves Off Senior Loneliness
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- Bloomberg
Tech Mahindra CEO Aims to Raise Prices as IT Budgets Shrink
(Bloomberg) -- Tech Mahindra Ltd. is in talks with clients to raise prices for its software services as the company tries to alleviate margin pressure from rising employee wages, its top executive said.Most Read from BloombergRockstar Games Cleaned Up Its Frat-Boy Culture — and Grand Theft Auto, TooBiden, Xi Plan In-Person Meet as Taiwan Tensions IntensifyUS Economy Shrinks for a Second Quarter, Fueling Recession FearsThe Strong Dollar Is Wreaking Havoc Globally — And It’s Just Getting StartedBi
