Reuters logo
MARKET EYE-India's TCS shares gain; management retains forecast
December 18, 2012 / 5:07 AM / 5 years ago

MARKET EYE-India's TCS shares gain; management retains forecast

* Tata Consultancy Services 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.

 (manoj.dharra@thomsonreuters.com/abhishek.vishnoi@thomsonreuter
s.com/; aradhana.aravindan@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below