At Rs 4,500 apiece, the two entities stand to rake in about Rs 12,993.2 cr
Upsides for Wipro is least among the three IT majors
TCS is heading towards Rs 4,200 followed by Infosys, which is moving in the direction of Rs 2,100
The three IT majors - Infosys, TCS and Wipro shall react to the Q3 earnings reported on Wednesday after market hours this morning.
Companies are rushing to campuses in order to mitigate supply-demand imbalance
TCS board has recommended a buyback of shares to the tune of Rs 18,000 cr at Rs 4,500 per share
The company reported revenue for Q3FY22 was at Rs 48,885 cr, up 16.3% YoY and 4.3% QoQ
The three IT majors are scheduled to report Q3 earnings on Wednesday.
While the overall growth outlook is positive, there are headwinds for margins and valuations are at premium to large-cap IT firms
The focus will be on comments on CY22 client budgets, demand trends, supply side pressures and margin outlook.
The stock was up 3% at Rs 3,979.90, trading close to its record high level of Rs 3,990 touched on October 8, 2021.
TCS likely to be in limelight ahead of Q3 results, share buyback plan; Airline shares may also be in focus amid slump in demand.
On Friday, TCS shares closed 1.26 per cent higher at Rs 3,854.85 on BSE
In the next phase of program, TCS will refresh existing facilities and systems, and develop new solutions to enable issuance of e-passports using technologies such as biometrics, data analytics, etc
The October-December (Q3) quarter is expected to be another strong quarter for IT companies after strong performance witnessed in Q2FY22.
The major IT stocks like Infosys, LTI, Coforge continue to absorb selling pressure at the counters
In the past three months, TCS (up 2.5 per cent) has underperformed its peers Infosys (up 14 per cent), Wipro (13 per cent) and Tech Mahindra (30 per cent) by a wide margin.
With the withdrawal of easy and cheap money globally, fundamentals would come to fore, analysts suggest. Therefore, one needs to stay invested in the right quality of stocks, analysts suggest
Year 2020 may see up to 20 per cent jump in these stocks, as the chart formations reveal higher interest of market players in these counters
IT stocks were in demand on hopes of strong Q3 earnings post Accenture performance. 63 Moons has zoomed 117% this month, while stocks like CyberTech, Brightcom and D-Link have soared over 30% so far