TCS share price: Stock dives 4% post Q1 results, analysts views mixed

TCS share price tumbled on Monday morning as investors reacted to the IT major’s April-June quarterly performance

[{"selector":"#anim-78b97958-6d1d-4f30-962a-041bd0bb3e39","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bd394eba-3539-4625-8f04-d3393883bafc","keyframes":{"transform":["translate3d(0px, 97.59261%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-56a8bd1c-a51d-4872-95a6-d6e706f4a594","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

CS stock price dived 4.7% to hit Rs 3,111 per share amid weak market sentiment. The company reported a constant currency (CC) revenue growth of 3.5% in the June quarter

[{"selector":"#anim-7e1b124f-bdaf-47ae-9945-7579e5f2e0b2","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a6c50ab7-3b51-475d-8c32-9c094383820b","keyframes":{"transform":["translate3d(0px, 97.59261%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-14ba939c-04de-4af6-947f-0c3ed5c22141","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Attrition continues to weigh down on TCS, clocking in at 19.7% – a rise of 230 basis points sequentially.

[{"selector":"#anim-49c26f36-1d4e-4bdb-ba57-5b7128ebeb68","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c55eff41-2e6e-4788-9209-e22b9914a3ba","keyframes":{"transform":["translate3d(0px, 97.59261%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-807da2a8-2d42-4d7a-9a5a-f2574009790f","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ecb397a6-4ab7-4d2a-b0dd-b272a603467b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0, 10.66277755776003%, 0)","translate3d(0, 0%, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Attrition continues to weigh down on TCS, clocking in at 19.7% – a rise of 230 basis points sequentially.

[{"selector":"#anim-2a0b5de6-632e-4071-b08c-2fa889024eb7","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-588149bc-c7c4-42e5-aa3b-ea8b5058d31c","keyframes":{"transform":["translate3d(0px, 97.59261%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b0df4670-ad0d-42ba-9e68-f44eb68657ec","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b0e09fdf-740c-492c-bfee-efe521e99ae7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(23.035104477426977%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

TCS shares, which are down 12.7 per cent up to Friday's close this year, are also set for their biggest intraday percentage fall in four weeks, as per the Reuters report.

[{"selector":"#anim-ae73b585-442f-4c4e-958d-215269f3e1f9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(21.581089674689647%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-715a07e8-9f44-48e2-acb5-f52d913a1927","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea1e37eb-7517-4010-94d0-8ccb03395dc1","keyframes":{"transform":["translate3d(0px, 97.59261%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b5146f5-8f54-4266-a8cc-54b4a4e21cf6","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Analysts flagged signs of a slowdown in demand after the IT services exporter on Friday said first-quarter profit came in at 94.78 billion rupees ($1.19 billion), well below estimates of 98.51 billion rupees

[{"selector":"#anim-80480273-5675-47fb-babd-c4b071850269 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(42.127259404146386%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-477c34db-779d-4bfd-8a47-2336fda62987","keyframes":{"opacity":[0,1]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ecff6194-866f-4b08-93ca-cbfbda1aab00","keyframes":{"transform":["translate3d(0px, 97.59261%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-40cc298a-f02b-4347-b14f-6b2468bf79fb","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Financial planning for Beginners in 2022

[{"selector":"#anim-b7f657fe-8563-45da-b0b5-6fab42b98aec","keyframes":[{"offset":0,"transform":"translate3d(0, -617.19555%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -173.55538866%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -59.00389458000001%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -22.157320245%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -9.62825058%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":1600,"fill":"both"}] [{"selector":"#anim-17a8da6f-5c1d-4626-b91f-8d5a80a9d4a7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7c01acb9-c938-4c38-a873-7c888f5966dd","keyframes":{"transform":["translate3d(0px, 260.26138%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

TCS share price: Stock dives 4% post Q1 results, analysts views mixed

TCS share price tumbled on Monday morning as investors reacted to the IT major’s April-June quarterly performance

CS stock price dived 4.7% to hit Rs 3,111 per share amid weak market sentiment. The company reported a constant currency (CC) revenue growth of 3.5% in the June quarter

Attrition continues to weigh down on TCS, clocking in at 19.7% – a rise of 230 basis points sequentially.

Attrition continues to weigh down on TCS, clocking in at 19.7% – a rise of 230 basis points sequentially.

TCS shares, which are down 12.7 per cent up to Friday's close this year, are also set for their biggest intraday percentage fall in four weeks, as per the Reuters report.

Analysts flagged signs of a slowdown in demand after the IT services exporter on Friday said first-quarter profit came in at 94.78 billion rupees ($1.19 billion), well below estimates of 98.51 billion rupees

Financial planning for Beginners in 2022

more stories