{"id":788,"date":"2021-04-13T15:23:48","date_gmt":"2021-04-13T09:53:48","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=788"},"modified":"2021-04-13T15:23:50","modified_gmt":"2021-04-13T09:53:50","slug":"tcs-share-price-top-sensex-loser-why-tcs-stock-is-falling-despite-15-rise-in-net-profit","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/tcs-share-price-top-sensex-loser-why-tcs-stock-is-falling-despite-15-rise-in-net-profit\/","title":{"rendered":"TCS share price top Sensex loser; why TCS stock is falling despite 15% rise in net profit"},"content":{"rendered":"\n

IT stocks such as TCS, Infosys, HCL Technologies and Tech Mahindra were trading up to 3.5 per cent down on BSE on Tuesday. Tata Consultancy Services share price fell as much as 4.36 per cent to Rs 3,100.05 apiece and was the top BSE Sensex dragger on the back of profit-booking a day after it posted a 15 per cent on-year rise in net profit to Rs 9,246 crore in the January-March quarter. Research brokerage firms and analysts have mixed response to TCS Q4 results. Analysts at ICICI Securities have downgraded TCS stock to \u2018hold\u2019 from \u2018add\u2019 as they believe that industry growth is unlikely to witness a meaningful acceleration (vs pre-Covid) over the medium term as is expected by the street.<\/p>\n\n\n\n

Nifty IT index was the top sectoral loser, down 3.34 per cent weighed down by losses in Coforge, which was down 7 per cent. Other IT stocks such as Mindtree, TCS, Tech Mahindra, Infosys, Wipro were down in the range of 1.5-4.4 per cent. Technology stocks had run up sharply in anticipation of strong results. \u201cHowever, further performance required a strong earning beat combined with above expectation growth outlook,\u201d Investment advisor Sandip Sabharwal told Financial Express Online. Sabharwal added that the outlook seems decent but valuations are stretched. \u201cAt such a price, timewise correction is imminent,\u201d he added.<\/p>\n\n\n\n

TCS\u2019 board of directors have also recommended a final dividend of Rs 15 per share. In the previous three quarters, the company has given interim dividends of Rs 5 per share, Rs 12 per share, and Rs 6 per share. The total dividend given by TCS in FY21 now stands at Rs 38 per share. \u201cThe main reason which seems to be ailing the IT sector as of now is the weak USDINR pair as it settled 32 paise lower on Monday, which has a potential risk of wiping out the earnings of from foreign revenues of such IT firms,\u201d Vishal Balabhadruni, Senior Research Analyst at CapitalVia Global Research, told Financial Express.<\/p>\n\n\n\n

What should you do with TCS stock now?
Analysts believe that today\u2019s fall in IT shares offers a good opportunity for the investors to make a re-entry. IT stocks are witnessing profit booking post-TCS results, with profits marginally below analysts expectations. \u201cOverall, with IT stocks till recently, hitting record highs, a healthy correction is always welcome, as it at the same time, offers opportunities for re-entry,\u201d Aamar Deo Singh, Head Advisory at Angel Broking, told Financial Express Online. So far in the trade, a total of 1.09 lakh shares have traded on BSE, while 38.56 lakh shares have exchanged hands on NSE, so far.<\/p>\n\n\n\n

Those at Kotak Institutional Equities have maintained a \u2018reduce\u2019 rating to the TCS stock due to its expensive valuations. \u201d At 27.4X FY2023E, the upside is limited,\u201d it added. While Macquarie has an \u2018outperform\u2019 rating to TCS stock, with a target price of Rs 3,640, a 17.4 per cent rally from today\u2019s low.<\/p>\n\n\n\n

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IT stocks such as TCS, Infosys, HCL Technologies and Tech Mahindra were trading up to 3.5 per cent down on BSE on Tuesday. Tata Consultancy Services share price fell as much as 4.36 per cent to Rs 3,100.05 apiece and was the top BSE Sensex dragger on the back of profit-booking a day after it posted a 15 per cent on-year rise in net profit to Rs 9,246 crore in the January-March quarter. Research brokerage … Continue reading “TCS share price top Sensex loser; why TCS stock is falling despite 15% rise in net profit”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":789,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,139,140,106,272,266,98,72,97,184,73,268,135,137,133,104,141,299,161,160,159,74,210,75,158,166,228,227,103,254,102,224,257,298,300,101,105,301,165,76,77,78,79,247,308,215,216,174,80,81,99,218,82,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,232,231,250,96,3,260,252,248,249,107,192,220,275,223,156,157,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,120,9,271,190,191,13,18,8,10,17,269,148,151,146,16,122,144,23,25,285,27,21,194,50,229,226,124,33,253,126,225,119,20,28,49,127,121,230,295,125,115,22,113,29,245,309,310,213,26,182,111,130,31,62,34,30,42,57,112,186,169,56,171,64,132,206,59,53,264,128,43,51,32,187,35,55,44,270,288,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,63,67,60,61,65,234,71,235,54,256,117,233,286,68,287,193,241,205,66,204,70,109,259,221,291,274,222,163,69,58,239,208,114,178,181,179,180],"class_list":["post-788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-investment","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intraday-trading-tips","category-intraday-trading-tips-strategies","category-investment-adviser","category-investments","category-it-industry","category-jackpot-intraday-tips","category-most-accurate-stock-tips-provider","category-most-successful-intraday-strategy","category-most-successful-intraday-tips-provider","category-most-successful-stock-advisor-in-india","category-most-successful-stock-advisors-in-india","category-news","category-nifty-intraday-trading-tips","category-nse-fo","category-operator-based-calls","category-politics","category-portfolio-management-services","category-promotions","category-sebi-registered-advisory-company","category-sebi-registered-advisory-company-in-india","category-sebi-registered-best-investment-advisory","category-sebi-registered-investment-advisor","category-sebi-registered-research-analyst","category-share-market-tips","category-stock-market","categor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