TCS,Infosys and Wipro
The results of TCS have now led the focus of the investors to shift to the Infosys and Wipro Q2 earnings have further scheduled to October 13. The major stocks of IT have resulted in bloodbath during the deals that were led on Monday after the (TCS) Tata Consultancy Services further announced the financial performance that is scheduled for the quarter of September 2021. TCS along with its peers Infosys and Wipro have resulted in a nosedive on the stock exchange.
Furthermore the TCS tumbled by nearly 7% so far which has resulted in the intraday low of RS 3660 for the per piece of its earnings announcement. And around 11:40 am, the TCS trading reached RS 3729.40 per piece down by 5.22% on the Sensex. A bearish stance was carried by the investors after the result of TCS revenue and margins came under analysts’ estimates which was during the quarter under review.
In Q2FY22, TCS registered revenue of Rs46,867cr rising by 16.8% yoy. Its constant-currency revenue growth was over 15.5%. Meanwhile, TCS recorded a net income of Rs9,624cr during the quarter under review increasing 14.1% yoy. The net margin stood at 20.5%.
After the results of TCS the investors went on to focus on Infosys and Wipro Q2 earnings which are further scheduled to be held on 13th of October 2021.
The stocks of both Infosys and Wipro have furthermore recovered from the early losses and had resulted in trading broadly on a flat note.
As per the early deals Wipro has plunged nearly 4% with an intraday low of RS 635 on per piece of Sensex. Whereas on other hand the Infosys dipped nearly 3.5% with also an intraday low of RS 1730.30 per piece and currently Wipro has been trading at RS 658 per piece down by 0.5%. while on the other hand Infosys traded at RS 1724.60 per piece which went marginally up on Sensex.