TCS shares slip as brokerages offer mixed outlook, reduce earning estimates

Shares of TCS fell 2.73 per cent to Rs 4,112.65 apiece on the BSE in Friday’s intraday deals after the information technology (IT) company reported modest earnings in the second quarter of the current financial year (Q2FY25).

Analysts believe that the earnings were in line with their estimates and the firm’s management is confident of better results in the near future. The confidence is based on a positive demand outlook for IT services and an improved macro environment. They expect TCS and the IT sector to grow considerably from Q4FY25 onwards.