TCS Shares Edge Higher Ahead Of Q4 Results
Shares of IT major Tata Consultancy Services (TCS) were marginally up ahead of the fourth quarter (Q4) earnings announcement. Market participants will focus on improvement in margins and the impact of surging inflation from the month-long earnings season starting today.
The stock was trading 0.12 per cent higher at Rs 3,691.40 on BSE in early deals. It touched an intraday high of Rs 3,711.25.
On NSE, TCS was up 0.32 per cent at Rs 3,697.30.
"This week is a holiday-shortened one but it's going to be critical as it kickstarts the earnings season with two IT majors, TCS and Infosys announcing numbers," Ajit Mishra, VP - Research, Religare Broking Ltd, told news agency PTI.
Infosys will declare the quarterly numbers on April 13.
The domestic markets will be closed on Thursday -- for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti-- as well as on Friday on account of Good Friday.
Meanwhile, the Indian equity benchmarks fell today as market participants awaited Q4 earnings and macroeconomic data announcements.
The Index of Industrial Production (IIP) and CPI or retail inflation numbers -- scheduled to be released on April 12 -- were also in focus.
