Latest News
-
IRFC, RVNL, IRCTC, Railtel: Railway Stocks In Focus As Election Polls Begin; Mega Rs 10-12 Lakh Crore Plan -
Rs 14/Share Dividend: Stockbroking Co To Consider Bonus Share, Shares Up 126% In 180-Days -
Varyaa Creations IPO Set To Shine: Boasts Robust GMP Of Rs 100 -
BEL, HAL, Cochin, Mazagon Dock: Why Defence Stocks Are Flying High When Middle East Is In Kaboom? -
FII-Backed Penny Stock Issues New Update On Warrants, Shares Gain 111% In 3-Yrs -
Top 5 Bank Savings Accounts With No Hidden Charges; Check Details? -
150% Gains In 12 Months: This Multibagger Telecom Stock Hits 52-Week High; IIFL Finance Recommends BUY! -
Singapore Orders Recall Of Everest Fish Curry Masala Over Pesticide -
China's Sinking Cities: Researchers Warn Of A Looming Threat, Say Half Of Major Cities Are Drowning -
Inox Wind Secures Repeat 210 MW Order From Hero Future Energies
For Daily Alerts
IT Shares Fall as TCS Warns of Weak Quarter
Shares in IT companies fell after India's largest tech IT company, Tata Consultancy Services (TCS) warned of a weak quarter. Shares in TCS fell three per cent, while shares in HCL Tech fell two per cent and Tech Mahindra dropped three per cent. Infosys dropped by one per cent.
TCS late last week warned of weak revenue growth for the December quarter, arising from seasonality and pressure in its banking, financial services and insurance (BFSI) business. The December season is traditionally a weak quarter for IT companies.
Despite predicting a weak quarter many brokerages are still upbeat on TCS. Kotak has maintained an add rating on the stock with a revised target of Rs 2800.
Deutsche Bank on the other hand has set a target of Rs 3170 on the stock. TCS was last trading at Rs 2380, down by three per cent.
GoodReturns.in
More From GoodReturns
