TCS, the largest IT firm of the country will post its financial results for the quarter ended March 31, 2016 on April 18, 2016.
Tata Consultancy Services (TCS) dropped 2.3% to Rs. 2465.05 after the opening bell on Monday. The largest IT firm of the country will post its financial results for the quarter ended March 31, 2016 on April 18, 2016.
The IT major is likely to clock in net revenue of Rs. 28,511 crore, a 17.7 % rise yoy and 4.2 % gain qoq, according to IIFL estimates. The Operating Profit Margin (OPM) is estimated to be at 28.6 % with a rise of 25 bps qoq. However, IIFL estimates a drop of 61 bps in OPM on yoy basis. TCS is likely to register a net profit of Rs. 6,329 crore, 2.4 % dip yoy while a 3.6 % rise qoq.
TCS received a jury verdict in a recently completed jury trial in a lawsuit filed by Epic Systems in the court of Western District Madison, Wisconsin.
It is expected that the trial judgment will be entered in the case in the next six to eight weeks, following which the parties can file an appeal within 30 days after the judgment is filed.
The scrip opened at Rs. 2449 and has touched a high and low of Rs. 2491.85 and Rs. 2449 respectively. So far 809006(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 497168.53 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2769 on 05-Oct-2015 and a 52 week low of Rs. 2119 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 2543.4 and Rs. 2412.15 respectively.
The promoters holding in the company stood at 73.42 % while Institutions and Non-Institutions held 21.99 % and 4.59 % respectively.
The stock is currently trading above its 200 DMA.
The IT major is likely to clock in net revenue of Rs. 28,511 crore, a 17.7 % rise yoy and 4.2 % gain qoq, according to IIFL estimates. The Operating Profit Margin (OPM) is estimated to be at 28.6 % with a rise of 25 bps qoq. However, IIFL estimates a drop of 61 bps in OPM on yoy basis. TCS is likely to register a net profit of Rs. 6,329 crore, 2.4 % dip yoy while a 3.6 % rise qoq.
TCS received a jury verdict in a recently completed jury trial in a lawsuit filed by Epic Systems in the court of Western District Madison, Wisconsin.
It is expected that the trial judgment will be entered in the case in the next six to eight weeks, following which the parties can file an appeal within 30 days after the judgment is filed.
The scrip opened at Rs. 2449 and has touched a high and low of Rs. 2491.85 and Rs. 2449 respectively. So far 809006(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 497168.53 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2769 on 05-Oct-2015 and a 52 week low of Rs. 2119 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 2543.4 and Rs. 2412.15 respectively.
The promoters holding in the company stood at 73.42 % while Institutions and Non-Institutions held 21.99 % and 4.59 % respectively.
The stock is currently trading above its 200 DMA.
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