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Bloomberg Quint
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Add TCS, Reduce Tata Elxsi Shares Maintains HDFC Securities Post Q1 Results — Here's Why
- HDFC Securities downgrades Tata Elxsi earnings estimates due to pressure on revenue and gross margins post Q1 results.
- TCS experienced delays in decision making and lower discretionary investments leading to a TCV of $9.4 billion, mainly driven by cost optimization projects instead of large transformation programs.
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