From Mint: 2024-04-13 00:47:11

1. TCS reports better-than-expected Q4 results for 2024, with a consolidated net profit of ₹12,434 crore, up 9% from the previous year. Revenue from operations rose 3.5% YoY to ₹61,237 crore, beating market estimates.

2. Experts predict an uptick in TCS share price after the Q4 results, citing strong performance in domestic and UK markets. TCS closed deals worth over $13 billion in the quarter, leading to positive outlook for the stock.

3. Analysts highlight TCS’s strong Q4 performance, with revenue growth of 2.2% in constant currency terms. Record deals worth $13.2 billion and a total contract value of $42.7 billion in FY24 reflect the company’s solid performance.

4. Expectations are high for TCS share price to rise following the Q4 results, as the company’s operational improvements under new management are expected to show results in the coming quarters.

5. Technical analysis points to key support and resistance levels for TCS share price, with targets of ₹4,530 and ₹4,720 in the medium-term timeframe contingent on breaching the ₹4,250 level. Remember to consult certified experts before making investment decisions.



Read more at Mint: TCS share price: Q4 results 2024 beat market estimates. Is this a share to buy on Monday — April 15?