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TCS shares rise nearly 3% ahead of Q2FY27 results
The stock opened at ₹2,098.80 on October 8 and climbed to an intraday high of ₹2,142 before the company reports its September quarter results.
Tata Consultancy Services shares rose almost 3% in morning trading on October 8, ahead of the companys Q2FY27 results, according to LiveMint Markets.
The stock started the day on the BSE at ₹2,098.80 versus the previous close of ₹2,084, then climbed 2.8% to an intraday high of ₹2,142.
Motilal Oswal Financial Services expects TCS to post 0.5% quarter-on-quarter constant currency revenue growth, with execution in BFSI and technology and services likely offset by softness in the consumer vertical.
The brokerage expects TCSs EBIT margin to expand nearly 100 basis points quarter-on-quarter to nearly 25%, citing a reversal of the annual wage hike impact, while also pointing to ongoing investments in AI capabilities, talent, and partnerships as a margin drag.