TCS shares gain; management retains f'cast
Reuters Market Eye - Tata Consultancy Services(TCS.NS) gains 0.4 percent after its management reiterates its positive forecast for fiscal years 2013 and 2014 in a meeting with analysts on Monday.
Barclays says TCS management indicated volume growth slowdown was not alarming and said the company's performance will continue to lead peers.
Jefferies says TCS' current share price offers a "good entry point" and management believes that year is panning out as per expectations.
TCS shares have fallen 8.3 percent so far this month as of Monday's close.
- Tweet this
- Share this
- Digg this
Trending On Reuters
Prime Minister Narendra Modi has taken direct control of a project-monitoring body to fast-track investments worth almost $300 billion and revive manufacturing in the country, two officials with direct knowledge of the matter told Reuters. Full Article