TCS falls ahead of analyst meeting

Mon Dec 17, 2012 1:49pm IST

Logos of Tata Consultancy Services (TCS) are displayed at the venue of the annual general meeting of the software services provider in Mumbai, June 29, 2012. REUTERS/Vivek Prakash/Files

Logos of Tata Consultancy Services (TCS) are displayed at the venue of the annual general meeting of the software services provider in Mumbai, June 29, 2012.

Credit: Reuters/Vivek Prakash/Files

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Reuters Market Eye - Tata Consultancy Services (TCS.NS) falls 2.7 percent ahead of a scheduled meeting between the management and analysts later in the day, amid concerns the software services provider will deliver a downcast view on the sector.

Dealers cite market interest on TCS' outlook, given recent concerns over rival Infosys' (INFY.NS) outlook for fiscal 2013.

Infosys' (INFY.NS) dollar revenue growth outlook of 5 pct for the year ending March 2013 could be under threat, Chief Executive S.D. Shibulal was cited as saying by UBS in an investor meeting.

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