TCS IS READY TO TAKE LONG JUMP 👍

 “BUY TCS FUTURE 2 LOTS ABOVE 3080 TARGET 3130/3170 SL 3015”
TCS is ready to start the second quarter FY23 earnings season on Monday (October 10). Consolidated profit after tax  for TCS could rise 5.4 % annually to Rs 10,151 crore in the second quarter of FY23 (July to September). Consolidated sales are expected to rise 17.2 per cent to Rs 54,949 crore. Amid expectations of robust quarterly performance from IT companies, leading TCS is poised to kick off the second quarter FY23 earnings season on Monday (October 10).

Believe that strong business execution and robust contract activity bode well for the business. Despite the macroeconomic challenges in Europe, contract activity for TCS remains strong, with firms such as M&S, Boots. In rupee terms, QoQ (QoQ) sales are expected to rise 4.1 percent, helped by the devaluation of the rupee. The blue-chip company is expected to post 3.5 percent sequential currency-adjusted growth. This is led by the continued improvement in demand from BFSI, healthcare and retail, the acceleration of digital technologies and the ramp-up of stores.
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