TCS Q2 results: Expect 3.5%-4% quarter-on-quarter volume growth, says Phani Sekhar, Angel Broking

In a chat with ET Now, P Phani Sekhar, Fund Manager-PMS, Angel Broking, shares his views about TCS Q2 results.

ET Now: What is the expectation from TCS after what we have seen from HCL and Infosys?

P Phani Sekhar: TCS would be more like HCL rather than Infosys. So, we are looking at about 3.5% to 4% quarter-on-quarter volume growth for TCS.

Apart from that, last time when TCS interacted with the investor community, they sounded reasonably positive. Although they do not give guidance but I guess, investors are smart enough. I think this explains why the stock has been holding up, although it has not rallied the way you expect the stock to do.

Surely, the rupee appreciation all the way from 56 to 52 levels has played an important role in the subdued performance of TCS. But overall on the operating metrics front, I do not think that investors will have anything to complain about.