Q1 earnings impact: In the last two weeks, the NASDAQ has plunged 7 per cent, while the IT index has rallied 7 per cent. Trading strategies for Infy, TCS, HCL Tech and LTIMindtree here.
F&O trading strategy: A high OI-based PCR suggests that traders were expecting limited downside at these counters, and were comfortable writing Puts.
TCS is working on an AI-based interview coach that evaluates both the content of an employee's responses and their body language and tone, providing corrective feedback
For the financial year 2023-24, TCS had reported a total headcount decline of 13,249 compared to FY23
The country's largest IT services exporter TCS has reached pre-pandemic levels on the percentage of employees working from offices, a top official has said. Admitting that it took longer than expected, the Tata group company's chief of human resources Milind Lakkad said the levels have been achieved after 18 months of "hard" efforts. "We actually have come to the point where we believe we are coming back to almost the same levels as we were pre-pandemic times," Lakkad told PTI. Stating that "it is kind of a business as usual" for the company employing over 6 lakh people, Lakkad said TCS will not track this metric as much in the next couple of quarters. The number of employees working from offices for five days a week is higher than the 70 per cent it had previously announced, he said, without giving a figure. It can be noted that the pandemic-induced lockdowns resulted in the entire IT industry's staff delivering work from their homes, but companies, who look at working from offic
Why are stock markets rising: A large part of Friday's rally in Sensex, Nifty50 indices was led by information technology (IT) stocks
IT stocks outlook: TCS can potentially rally another 6 per cent from present levels; while Infosys, Wipro and LTIMindtree can rally up to 15%, suggest charts.
IT stocks today: TCS, Mphasis, Accelya Solutions India, Sonata Software, and Kellton Tech Solutions rose in the range of 3 per cent to 6 per cent
TCS Q1 review: According to brokerages, the revenue led beat to estimates was broad based-with almost every vertical reporting sequential growth
All you need to know before the market opens on Friday: GIFT Nifty hints at likely 100-point opening gain; TCS Q1 beat analyst expectation, Infy ADR jumped 3% in the US; Japan's Nikkei down over 2%.
TCS meets estimates, but macro challenges persist; AI, genAI pipeline doubles
Tata Consultancy Services (TCS) shares were trading 1.79 per cent higher at Rs 3979.90 per share on the BSE in Thursday's intraday trade
Information Technology major, Tata Consultancy Services is set to deliver its financial performance on Thursday July 11, 2024 for the first quarter of fiscal year 2024-25 (Q1FY25)
All you need to know before market opens on Thursday: The S&P 500 crossed 5,600-mark, Asian shares rallied up to 1% this morning; FIIs pared long holdings in index futures; Ambey Labs to list
TCS results this week should show revenue growth picked up sequentially in the April-June quarter, consensus estimates show
Indian IT company sponsors 14 global running events that are attended by 600,000 runners
The Nifty IT index has outperformed surging 14% in the last one month owing to the recent portfolio shift after the election outcome, and hope for a better calendar year 2025.
Technical charts suggest that Infosys can potentially rally up to 10% from present levels; while TCS and HCL Technologies still look weak.