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Bloomberg Quint

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Image Credit: Bloomberg Quint

TCS Q1 Results Review: Buy, Sell Or Hold? Analysts Mostly Bullish Despite Weak Earnings

  • 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.

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