TCS Q1 Results Analysis with Anil Singhvi: Market Guru says results good, but little under pressure; suggests this STRATEGY for INVESTORS

The market guru mentions, the management of the company looks confident on guidance: Zee Business

In the special edition of Editor’s Take, Zee Business Managing Editor and Anil Singhvi said Tata Consultancy Services (TCS) first-quarter results were good, however, it is little under pressure with respect to profit and revenue. He recommends to Buy shares of IT heavyweight if it shows correction.

Singhvi finds no reason that one should be sulking and upset with TCS Q1 results, which were reported on Thursday. The company reported over a 28 per cent jump in the Q1 FY22 consolidated profit to Rs 9008 crore, while its consolidated revenue grew over 18 per cent to Rs 45411 crore.

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The market guru mentions, the management of the company looks confident on guidance, it has reported the highest margins 25.5 per cent in the last five-six quarters.

Only the India business was weak, otherwise, the overall business including North America has been exemplary in the first quarter, the managing editor says, adding further that the company is entering into a unique and new business, expanding its verticals.

TCS Q1 नतीजों का विश्लेषण

अनिल सिंघवी- TCS के नतीजों पर थोड़ा दबाव है लेकिन ज्यादा खराबी नहीं

गाइडेंस अच्छे हैं, मार्जिन को लेकर कोई दिक्कत नहीं है

निवेशक बाजार की गिरावट में TCS में खरीदारी करें#EditorsTake #ResultsOnZee #TCS @AnilSinghvi_ pic.twitter.com/YGR4c2QBk4

— Zee Business (@ZeeBusiness) July 9, 2021

Generally, the market has huge expectations from the TCS with respect to quarterly earnings, which is nothing bad, but sometimes due to the global or domestic environment we may say little mute results, the managing editor says while mentioning there is nothing bad with the IT major.

The shares of TCS on Friday opened positive, however, declined by around 1 per cent to Rs 3211 per share on the BSE intraday, as compared to a 0.05 per cent fall in the S&P BSE Sensex. At around 10:45 the stock is trading quarter per cent higher to Rs 3265 per share on the BSE.

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