TCS reported a 4% rise in consolidated net profit for the quarter ended in June, meeting analyst estimates.
Despite weak earnings, analysts remain bullish on TCS, anticipating a challenging demand environment for the next one to two quarters.
Analysts expect TCS's medium-to-long-term outlook to be positive due to the high technology debt in enterprises that may lead to increased spending as the macroeconomic environment improves.
TCS stock received mixed recommendations from analysts, with 34 suggesting 'buy', 12 'hold', and 4 'sell' ratings, reflecting varied views on the company's future performance.