TCS Q3 Results: Tata Consultancy Services (TCS) reported a 4.1% year-on-year (YoY) net profit growth to Rs 8,851 crore in Q3 (October-December 2021) compared to Rs 8,481 crore in the same period last year. The company’s revenue for the quarter stood at Rs 42,815 crore, a 4.1% YoY growth. The results were better than analysts’ expectations, with a 10-15% earnings per share (EPS) growth. The stock closed 2.6% higher on Friday.
Other market-moving factors this week:
1. FII (Foreign Institutional Investor) action: FII selling continues, but at a slower pace, which may impact the market’s direction.
2. Global cues: Investors will keep an eye on global market trends, with earnings season in the US and global economic growth concerns.
3. Currency: RBI’s monetary policy and inflation concerns may lead to currency volatility.
4. Economic indicators: Monthly auto sales, manufacturing, and IIP (Index of Industrial Production) numbers will be released, providing insights into the economic environment.
5. Equity market trends: The F&O (Futures and Options) market’s sentiment and positions will be crucial in determining the market direction.
6. Earnings season: More Q3 results from other companies are expected, with a mixed bag of performances likely.
7. Fiscal and monetary policy: Expectations around the Budget and RBI’s stance on inflation will influence market sentiments.
8. Geopolitical tensions: Ongoing conflicts and trade wars could impact global markets and sentiment.
These factors may dictate the market’s trajectory this week, with the TCS Q3 results serving as a positive start.