Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
TCS shares head for biggest fall in six months after Q4 results disappoint
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • TCS shares head for biggest fall in six months after Q4 results disappoint

TCS shares head for biggest fall in six months after Q4 results disappoint

FP Archives • April 17, 2015, 11:44:53 IST
Whatsapp Facebook Twitter

Shares in Tata Consultancy Services fell as much as 4.4 percent on Friday, heading towards their biggest fall since October 2014, after the company’s January-March revenue fell short of expectations.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
TCS shares head for biggest fall in six months after Q4 results disappoint

Shares in Tata Consultancy Services fell as much as 4.4 percent on Friday, heading towards their biggest fall since October 2014, after the company’s January-March revenue fell short of expectations. TCS on Thursday reported a revenue growth of 1.6 percent on constant currency basis versus expectations of a 2.5 percent growth due to disappointment in telecom, insurance and energy verticals. Money managers worry slowdown seen by India’s largest software services exporter could be an indicator of an industry-wide trend. Research firm Gartner Inc said on April 9 that worldwide IT services spending may fall by 0.7 percent in 2015. [caption id=“attachment_1484081” align=“alignleft” width=“380”] ![TCS logo](https://images.firstpost.com/wp-content/uploads/2014/04/TCS_Logo_Reuters.jpg) TCS logo[/caption] “TCS numbers are below expectation as revenue and volumes have lagged estimates. Q4 may lead to cut is TCS estimates and thereby for market,” said Aneesh Srivastava, chief investment officer at IDBI Federal Life Insurance. “I don’t think the premium valuations would sustain.” TCS stock is trading at 21.4 times of one-year forward earnings, a hefty premium, compared with an average 17.2 times of its rivals, as per Thomson Reuters Eikon data. Factoring in the fourth quarter, investment bank Citi trimmed its FY16-FY17 estimates by 2 percent and 3 percent, and lowered its share price target to 2,640 rupees. The bank continues to prefer TCS’s rival Infosys among large caps. Infosys shares fell 0.9 percent, Wipro lost 2.3 percent, while Tech Mahindra dropped 2.7 percent and HCL Technologies fell 1.5 percent. Reuters

Tags
Tata Consultancy Services TCS bonus N Chandrasekhar
End of Article
Written by FP Archives

see more

Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

The Tata Harrier EV and Mahindra XEV 9e are new electric SUVs in India. The Harrier EV has a modern, familiar design, while the XEV 9e features a bold, striking look. They cater to different preferences: the Harrier EV for subtle elegance and the XEV 9e for expressive ruggedness.

More Impact Shorts

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV