TCS Q4 profit jumps 9%, revenue up 3.5%. Stock price expected to rise today.
Key Takeaways from TCS Results
– Strong domestic business growth (38%).– Growth in UK market (6.2%).– Record deal closures ($13.2 billion).– Highest-ever order book TCV ($42.7 billion).
Analyst Predictions: Uptick in TCS Share Price
– Positive Q4 results.– New management continuity.– Potential for increased deal flow in Q1FY25.
Technical Analysis: Key Price Levels
– Current price near ₹3,975 (50 EMA).– Support zones: ₹3,875 (100 MA), ₹3,650 (200 MA).– Resistance zone: ₹4,250 (breakout needed for further rise).– Potential targets: ₹4,530 & ₹4,720 (medium-term).
TCS Q4: Strong Performance, But Do Your Research Before Investing!
Conduct your own research before making investment decisions.