Sandip Agarwal of Edelweiss Financial Services said they haven’t changed their hold rating on TCS and does not see a significant downside.
he technology major's net profit may fall 0.9 percent to Rs 6260 crore in Q2FY17 from Rs 6317 crore in last quarter. Its dollar revenue may rise marginally to 1.8 percent to USD 4440 million compared to USD 4362 million while in rupee terms it may be up 1.5 percent at Rs 29738 crore versus Rs 29305 crore quarter-on-quarter. During the quarter, TCS's EBIT may stand at Rs 7530 crore from Rs 7374 crore or at 25.3 percent versus 25.2 percent (QoQ).
The company is expected to have one or two more tough quarters ahead due to their high dependency on BFSI segment
