Will TCS Q2 Show Set the Tone for Markets

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Tata Consultancy Services is scheduled to report its results for the quarter ended September later today, post market hours on Thursday.

The profit after tax (PAT) for the quarter is expected to increase 4 percent sequentially to Rs 6,183 crore and revenue may grow 2.6 percent to Rs 30,356 crore, according to an average of estimates of analysts polled by CNBC-TV18.

Revenues in dollar terms are likely to register a 3 percent at USD 4,731 million in the quarter ended September 2017, compared with USD 4,591 million in the previous quarter.

The stock has been consolidating in a narrow range so far in the year 2017. It rose by about 6 percent compared to nearly 20 percent rally seen in the S&P BSE Sensex.

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