TCS share price rises ahead of Q1 results: What brokerages said on the stock

TCS share price rose almost 2 per cent in early trade on BSE today (July 11) ahead of the company’s April-June quarter earnings. The stock opened at ₹3944.65 against its previous close of ₹3909.90. It then rose 1.8 per cent to the level of ₹3,979.90.

Brokerage firm Motilal Oswal Financial Services said that it expects TCS to report 1.6 per cent QoQ growth in CC (constant currency) owing to deal scale-up including the BSNL deal. PAT might drop 2.9 per cent QoQ but rise 9.2 per cent YoY and EBIT margin may contract by 150 bps QoQ due to wage hikes in Q1FY25, the brokerage said, adding, “The deal pipeline should remain healthy. Outlook on near-term demand & pricing environment, BFSI, and deal wins are key monitorables.”