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TCS trades firm ahead of Q2 results

The stock was up 2% at Rs 2,510 on the BSE in otherwise subdued market ahead of July-September quarter results on Thursday, October 12, 2017.

TCS trades firm ahead of Q2 results
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SI Reporter Mumbai
Tata Consultancy Services (TCS) was trading 2% higher at Rs 2,510 on the BSE in an otherwise subdued market ahead of July-September quarter (Q2FY18) results on Thursday, October 12, 2017.

Since July 13, 2017, post April-June (Q1FY18) results, the stock was marginally up by 0.63% against 0.35% decline in the benchmark S&P BSE Sensex till Tuesday.

Brokerage firms expect TCS to report revenue growth of around 2% on constant currency (CC) terms for Q2FY18 over Q1FY18, while EBIT (earnings before interest and tax) margin is likely to improve on account of absence of wage hike, visa cost and

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