How to play TCS stock post Q2 results
The stock has already run-up pretty much, say experts. It's been hitting record highs for the past seven sessions in a row.
By ET Online |
Tata Consultancy Services, the company topping the market-cap chart on the BSE, reported an in-line second quarter. The company added 17,362 staff in the quarter, dollar revenues came in at $3.3 billion and profit after tax was at Rs 4,702 crore.
The stock has already run-up pretty much, say experts. It's been hitting record highs for the past seven sessions in a row.
Analysts are positive on the stock, but believe the stock may not see a spike, or a gap-up opening, on Thursday, when markets open after Eid.
"If the company says they’ll continue to report better volume growth in H2, the stock will react positively," says Rahul Jain, sector analyst, Dolat Capital Market.
The market was expecting a strong set of numbers and expectations were very high, says Sandeep Agarwal of Edelweiss.
"The valuations are stretched and hence a gap-up opening may not be expected," says Sandeep Agarwal.
“The results have been good on all counts. The revenues are in-line; on operational front and net profit front, the company has outperformed the Street,” said Ankita Somani, sector analyst, Angel Broking.
“TCS is fairly valued but looking at the results I may upgrade it to ‘accumulate’ from ‘neutral,’” she added.
The stock has already run-up pretty much, say experts. It's been hitting record highs for the past seven sessions in a row.
Analysts are positive on the stock, but believe the stock may not see a spike, or a gap-up opening, on Thursday, when markets open after Eid.
"If the company says they’ll continue to report better volume growth in H2, the stock will react positively," says Rahul Jain, sector analyst, Dolat Capital Market.
The market was expecting a strong set of numbers and expectations were very high, says Sandeep Agarwal of Edelweiss.
"The valuations are stretched and hence a gap-up opening may not be expected," says Sandeep Agarwal.
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“The results have been good on all counts. The revenues are in-line; on operational front and net profit front, the company has outperformed the Street,” said Ankita Somani, sector analyst, Angel Broking.
“TCS is fairly valued but looking at the results I may upgrade it to ‘accumulate’ from ‘neutral,’” she added.
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