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News of the Day: Stock Future Tips
TCS Q2 net seen down
at Rs 6260 cr, dollar revenue may rise 1.8%:
According to analysts polled by CNBC-TV18, TCS Q2 constant
currency growth is seen at 2.5-2.6 percent versus 3.1 percent (QOQ), despite
the fact that September quarter traditionally benefits from seasonal factors
including higher working days and start of projects.
TCS is likely to report tepid
July-September quarter. According to CNBC-TV18 poll, the technology major's net
profit may fall 0.9 percent to Rs 6260 crore in Q2FY17 from Rs 6317 crore in
last quarter. Its dollar revenue may rise marginally to 1.8 percent to USD 4440
million compared to USD 4362 million while in rupee terms it may be up 1.5
percent at Rs 29738 crore versus Rs 29305 crore quarter-on-quarter.
During the quarter, TCS's EBIT may stand at Rs 7530 crore
from Rs 7374 crore or at 25.3 percent versus 25.2 percent (QoQ).
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