TCS Q2 preview: Ebit margin to see sharp expansion; buyback details eyed

According to analysts, the IT sector witnessed a good pick-up in demand for digital solutions resulting in improvement in the growth outlook for most of the companies.

Tata Consultancy Services (TCS) will kickstart the September quarter earnings of the fiscal year 2020-21 (Q2FY21) for the information technology (IT) companies as the firm is slated to announce its numbers on Wednesday, October 7. That apart, the IT major will also consider share buyback on the same day. On Monday, TCS' market capitalisation surged past the Rs 10 trillion mark for the first time and it became the second Indian firm after Reliance Industries (RIL) to achieve this milestone. The stock of the company hit a fresh record high of Rs 2,727 on the BSE in the intra-day trade.