<ul><li>Most brokerages have revised down earnings and earnings per share estimates for Tata Consultancy Services (TCS) due to global macro uncertainty and concerns over demand outlook.</li><li>Tariff threats from the US and rising tension between the US and China are expected to impact IT companies' growth, particularly in the first half of the financial year.</li><li>Kotak Institutional Equities has reduced TCS' revenue growth estimate by 0.6% and EBIT margin estimate by 40-70 basis points. However, they maintain a 'Buy' rating on the stock.</li><li>Nuvama and Dolat Capital Research have also revised down EPS estimates for TCS, but retain a 'Buy' and 'Accumulate' rating respectively on the stock.</li></ul>

TCS Q4 Review: Brokerages Cut EPS Estimates Over Demand Concerns Due To Global Macro Uncertainty

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