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Business Standard
29-07-2025
- Business
- Business Standard
Tech Mahindra Ltd slips for fifth straight session
Tech Mahindra Ltd is quoting at Rs 1444.2, down 0.44% on the day as on 13:19 IST on the NSE. The stock tumbled 6.1% in last one year as compared to a 0.5% slide in NIFTY and a 13.63% fall in the Nifty IT index. Tech Mahindra Ltd is down for a fifth straight session today. The stock is quoting at Rs 1444.2, down 0.44% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.21% on the day, quoting at 24733.65. The Sensex is at 81039.68, up 0.18%.Tech Mahindra Ltd has lost around 14.39% in last one Nifty IT index of which Tech Mahindra Ltd is a constituent, has eased around 9.58% in last one month and is currently quoting at 35370.05, down 0.43% on the day. The volume in the stock stood at 7.42 lakh shares today, compared to the daily average of 21.07 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 1444.8, down 0.41% on the day. Tech Mahindra Ltd tumbled 6.1% in last one year as compared to a 0.5% slide in NIFTY and a 13.63% fall in the Nifty IT index. The PE of the stock is 35.28 based on TTM earnings ending June 25.
Business Standard
22-07-2025
- Business
- Business Standard
Mphasis Ltd eases for fifth straight session
Mphasis Ltd is quoting at Rs 2800.2, down 0.1% on the day as on 13:19 IST on the NSE. The stock tumbled 4.66% in last one year as compared to a 2.49% rally in NIFTY and a 7.87% fall in the Nifty IT index. Mphasis Ltd fell for a fifth straight session today. The stock is quoting at Rs 2800.2, down 0.1% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.01% on the day, quoting at 25087.55. The Sensex is at 82271.26, up 0.09%.Mphasis Ltd has gained around 4.75% in last one Nifty IT index of which Mphasis Ltd is a constituent, has eased around 3.96% in last one month and is currently quoting at 37031.75, down 0.37% on the day. The volume in the stock stood at 43997 shares today, compared to the daily average of 4.1 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 2807.2, up 0.02% on the day. Mphasis Ltd tumbled 4.66% in last one year as compared to a 2.49% rally in NIFTY and a 7.87% fall in the Nifty IT index. The PE of the stock is 35.17 based on TTM earnings ending March 25.
Business Standard
11-07-2025
- Business
- Business Standard
Tata Consultancy Services Ltd down for fifth straight session
Tata Consultancy Services Ltd is quoting at Rs 3271, down 3.28% on the day as on 13:19 IST on the NSE. The stock tumbled 21.82% in last one year as compared to a 2.68% rally in NIFTY and a 3.53% fall in the Nifty IT index. Tata Consultancy Services Ltd is down for a fifth straight session today. The stock is quoting at Rs 3271, down 3.28% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.77% on the day, quoting at 25159.1. The Sensex is at 82509.41, down 0.82%.Tata Consultancy Services Ltd has lost around 4.75% in last one Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has eased around 2.11% in last one month and is currently quoting at 38376.65, down 1.9% on the day. The volume in the stock stood at 56.31 lakh shares today, compared to the daily average of 24.07 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 3271.5, down 3.51% on the day. Tata Consultancy Services Ltd tumbled 21.82% in last one year as compared to a 2.68% rally in NIFTY and a 3.53% fall in the Nifty IT index. The PE of the stock is 25.47 based on TTM earnings ending March 25.
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Business Standard
11-07-2025
- Business
- Business Standard
TCS shares slip as Q1 misses street forecast; should you buy, hold or sell?
Shares of Tata Consultancy Services (TCS) slipped in Friday's session as the technology giant's first quarter earnings missed street's expectations amid macroeconomic uncertainty and slow discretionary spending. TCS' stock fell as much as 2.43 per cent to ₹3,299 per share in morning deals, leading the fall in the broader technology gauge, Nifty IT index. As of 9:30 AM, the stock was down 1.8 per cent at ₹3,320, compared to 0.20 per cent decline in the benchmark Nifty50 index. The stock registered the steepest intrade fall since May 13. TCS Q1 results breakdown The stock plunge came a day after the tech major posted ₹12,760 crore ner profit, sequentially, for the first quarter (Q1) of the financial year 2025-26 (FY26), an increase of 4.4 per cent. However, on a quarter-on-quarter (Q-o-Q) basis, revenue declined by 1.6 per cent to ₹63,437 crore, a slightly steeper drop than analysts had anticipated. TCS missed Bloomberg consensus estimates on revenue but beat expectations on net profit. Bloomberg had projected revenue of ₹64,655 crore and net profit of ₹12,253 crore. The company's Q1 performance across major markets remained weak, in line with the earlier quarters. The US and Europe continued to be soft. Revenue from India declined 21.7 per cent Y-o-Y, primarily due to the ramp-down of the BSNL deal. Uncertainities weigh on operation: TCS commentary Delays in decision-making and project starts in terms of in discretionary investments has continued and intensified this quarter, with global business facing disruptions due to conflicts, economic uncertainty, and supply chain issues, K Krithivasan, TCS' chief executive officer and managing director, said. He added that the sequential decline of 3 per cent in revenue was due to a 0.5 per cent Q-o-Q fall in international business and a 2.8 per cent drop in domestic business. Analysts on TCS earnings and outlook The brokerage believes that while TCS missed revenue estimates, primarily due to the impact of the BSNL deal, it delivered a margin beat, supported by steady execution. Total contract value (TCV) of deal wins was healthy at $9.4 billion. The brokerage noted that TCS remains well positioned for medium-term growth, supported by its large order book, portfolio strength, and exposure to long-duration contracts. Emkay Global noted that TCS's first-quarter performance for FY26 fell short of expectations, with revenue coming in below its estimates. The brokerage highlighted intensified trends of project deferrals, scope reductions, and decision delays during the quarter, which led to lower-than-expected revenue conversion. Meanwhile, Kotak Institutional Equities expects FY2026 to be a year of underperformance for TCS, lowering its revenue growth forecast (excluding the BSNL deal) to -0.1 per cent from 3 per cent earlier. This places the IT major behind peers such as Infosys and HCL Technologies. The brokerage noted that TCS's historical edge over competitors has narrowed in recent years, as peers have improved execution capabilities and caught up in areas like large deal structuring and digital services. It also flagged rising competitive intensity, with both mid-tier firms becoming more aggressive and Tier-1 players stepping up their game.
Business Standard
07-07-2025
- Business
- Business Standard
Persistent Systems Ltd slips for fifth straight session
Persistent Systems Ltd is quoting at Rs 5845.5, down 0.86% on the day as on 13:19 IST on the NSE. The stock jumped 27.46% in last one year as compared to a 4.67% rally in NIFTY and a 3.19% spurt in the Nifty IT index. Persistent Systems Ltd is down for a fifth straight session today. The stock is quoting at Rs 5845.5, down 0.86% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.01% on the day, quoting at 25457.5. The Sensex is at 83424.07, down 0.01%.Persistent Systems Ltd has added around 0.95% in last one Nifty IT index of which Persistent Systems Ltd is a constituent, has increased around 3.39% in last one month and is currently quoting at 39166.55, down 0.56% on the day. The volume in the stock stood at 1.97 lakh shares today, compared to the daily average of 4.54 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 5855, down 0.73% on the day. Persistent Systems Ltd jumped 27.46% in last one year as compared to a 4.67% rally in NIFTY and a 3.19% spurt in the Nifty IT index. The PE of the stock is 81.98 based on TTM earnings ending March 25.
