Indias TCS senior staff will miss out on variable pay for September quarter, memo shows
Tata Consultancy is in focus.
· LiveMint Companies
TCS-BONUS/ (PIX):India's TCS senior staff will miss out on variable pay for September quarter, memo…
The analysis
Against that, the stock is +3.9% on the day at ₹2,156.00, and has returned +5.5% over three months. It sits 35% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +1.2% over the same period, so Tata Consultancy is running 4.3 points ahead of its peers.
For Tata Consultancy, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Market context
- The company directly in focus is TCS.
- Sector exposure: IT.
In this story
Related coverage
TCS onboards 10,000 freshers in Q2 FY27; plans to hire on demand
Explained: Why IT stocks ignored Donald Trump’s PERM suspension to gain Rs 70,000 crore in one day
TCS Profit 'Largely Driven By Currency Depreciation', Not Growth: Piper Serica's Abhay Agarwal
Stock Market Today LIVE: Sensex, Nifty 50 Trade Lower; TCS Gains 2%; Paytm, One Mobikwik Slip Over 8% Each
TCS shares rally 5%; top 5 IT stocks add Rs 56,000 cr in m-cap, shrug off H-1B visa suspension