Mr. Dipen Shah, Sr. Vice President - PCG Research at Kotak Securities Limited views on TCS Q4FY17 results.
"TCS' results were marginally lower than our estimates with CC revenue growth at 1% (our expectations of 1.2%) and lower EBIT margins QoQ. BFSI and Retail once again impacted overall growth rates. US revenues also de-grew by 1.8% QoQ. Growth in BFSI and in US has remained largely muted over the past few quarters. The management has maintained its positive outlook on BFSI for FY18, though, based on client interactions. We will monitor the same, going ahead. While we continue to repose faith in the medium term prospects of the company, TCS will need to achieve higher growth rates and maintain margins to sustain its premium valuations".
Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2308.65 as compared to the previous close of Rs. 2320.85. The total number of shares traded during the day was 77726 in over 4349 trades.
The stock hit an intraday high of Rs. 2338.95 and intraday low of 2302.5. The net turnover during the day was Rs. 180389752.