TCS Stock Edge Up Ahead Of Q4 Result Announcement

Tata Consultancy Services (TCS), the Indian IT Giant, saw its share price rise on Wednesday ahead of the company's fourth-quarter results for FY23. TCS shares are trading in the green ahead of Q4 results. Aside from the Q4 results, TCS is expected to suggest a final dividend for the fiscal year.

Analysts anticipate a seasonally weak quarter with widely dampened sequential growth due to fewer working days and some furlough impact in Q4FY23. The attrition rate, net addition, transaction pipeline, the prognosis for FY24, change in strategies with new CEO in place, and growth guidance are among the major factors to watch in TCS earnings.

At the time of writing, the stock of TCS is currently trading at Rs 3,234.90/share, up 0.66% as compared to the previous close on NSE. The stock is trading near ist 52-week high. The stock recorded its 52 week high on 12 April 2022 at Rs 3,739/share.

TCS is a large-cap Tata Group IT Sector company. It has a market valuation of Rs 11,83,318 crore.