TCS shares surge 4% post-results; analysts split on outlook
The move brings some relief to investors who have seen TCS shares decline sharply over the past year
Tata Consultancy Services (TCS) shares surged 4% on Friday following the release of its second-quarter results, trading at ₹2,161 as of 12:21 PM. The company reported a 4% sequential growth across most regions, with a third consecutive quarter of headcount additions, according to Goldman Sachs. However, reactions to the quarterly performance were mixed, with analysts split on the outlook for the IT giant.
While some maintained Buy ratings with targets above ₹2,300, others rated the stock as Underperform or Neutral, citing concerns over consistent margin misses and uninspiring growth.
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