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TCS falls ahead of analyst meeting
December 17, 2012 / 8:24 AM / 5 years ago

TCS falls ahead of analyst meeting

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

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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