TCS Q1FY19 result preview: Commentary on BFSI, digital business key

Tata Consultancy Services (TCS) is likely to announce its results for the June quarter (Q1FY19) post market hours on July 10. In the recently concluded quarter, TCS – the largest Indian IT firm by sales – announced Rs 160 billion buyback under the tender route. This is the second time in as many years that the Tata group company is resorting to a buyback.

On a year-to-date basis, the stock has rallied around 40 per cent and has outperformed the Nifty IT index that gained over 20.68 per cent during this period. In comparison, the Nifty50 index is up 2.94