TCS, Infosys, HCL Technologies: Here’s What To Expect From IT Majors' Q4 Results

#tcs #infosys #hcltech #itstock #article370 #pmmodi #businessnews #kashmir
Analysts on Dalal Street hold a mixed view on the information technology (IT) sector for the fourth quarter. While HDFC Securities believes that the sector’s growth is expected to bottom out in Q4FY24 and recover gradually in FY25, brokerage Nirmal Bang Securities thinks that forthcoming earnings do not have a material upside. The country’s largest IT majors by market capitalization, Tata Consultancy Services and Infosys, are slated to announce their March quarter results on April 12 and 18, respectively. According to HDFC Securities, growth divergence will continue within the sector, and guidance for FY25 is likely to factor in improved second-half performance. An assessment by the brokerage showed that TCS may see a 6.6% YoY and 3.1% QoQ growth in adjusted profit after tax in Q4FY24. On the other hand, the IT major may post a 3.5% YoY and 1% QoQ increase in net sales. Conversely, Nuvama Institutional Equities said, “Q4FY24 is anticipated to be a modest quarter, with muted growth, but along expected lines. Revenue growth is likely to be between -1.5% and 4.5% – dragged by a gradual reversal of furloughs and lower discretionary tech spending. Once again, quality Tier-2 companies shall outperform their larger peers. Deal flow shall continue to be stable, which should translate to a recovery in coming quarters.-----------------------
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I am holding a PUT of TCS and in heavy loss🥲😭😭😭