|Bid||2,236.30 x 0|
|Ask||2,237.15 x 0|
|Day's range||2,232.75 - 2,301.85|
|52-week range||1,504.40 - 2,301.85|
|Beta (5Y monthly)||0.62|
|PE ratio (TTM)||25.96|
|Forward dividend & yield||28.00 (1.24%)|
|1y target est||N/A|
Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting, and business solutions organization, has announced the launch of IUX for Workplace Resilience, a business command center solution that helps enterprises make it safe for employees returning to work amid COVID-19 and for customers doing business with them.
New Delhi, May 20 (PTI) Pay package of Tata Consultancy Services CEO and MD Rajesh Gopinathan shrank more than 16 per cent to Rs 13.3 crore in 2019-20 compared to the previous fiscal, according to the company's annual report.
TCS iON™, a strategic unit of Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced that in the wake of COVID-19 and closure of schools and colleges, it is offering access to the TCS iON Digital Glass Room, a virtual learning platform, free of cost to educational institutions in the US until March 31, 2021. The platform, already available in Europe and India, enables educators and students to connect in a secure virtual environment, moving lessons from classrooms to interactive digital glass rooms.
Shares of Tata Consultancy Services Ltd rose as much as 7.9% on Friday as investors shrugged off the software service firm's warning on coronavirus risks to focus on sales wins and its promise to push ahead with hiring this year. Mumbai-based TCS saw consolidated revenue for the fourth quarter grow 5.1 percent to 399.46 billion rupees. IT services firms like TCS, Wipro Ltd and Infosys Ltd depend on armies of engineers to service corporations across the world, especially in North America and Europe.
Asian stocks fell sharply in March and were on track to post their biggest monthly drop since October 2008 on fears that corporate earnings could be hit due to lockdowns enforced by several nations to contain the spread of the coronavirus. The MSCI's broadest index of Asia-Pacific shares has fallen over 12% this month, compared with a decline of about 13% in the MSCI's global share index. More than 777,000 people have been infected by the novel coronavirus across the world and 37,561 have died, since the first cases were identified in China in December 2019.
Asian equities' valuations dropped to a three-month low at the end of January, as global investors accelerated selling risky assets on fears over the economic impact of a virus outbreak in China. Markets have clearly started pricing in the dynamics of lower growth, primarily in Asia, Goldman Sachs said this week. In January, price valuations of Philippine, Indonesia and Malaysian shares fell sharply.
Asian stocks sank in January, ending a four-month-long rally, as a coronavirus outbreak in China sapped investors' risk appetite and raised concerns about economic impact from the epidemic. The MSCI's broadest index of Asia-Pacific shares shed 2.86% in January, compared with a decline of about 1.17% in the MSCI's global share index. The coronavirus that originated in the central Chinese city of Wuhan last month has killed more than 350 people, disrupted supply chains and curbed travel, which economists say will weigh on economic growth in China and its trading partners.
The former chairman of Tata Sons Cyrus Mistry said on Sunday he would not seek to reclaim his board seats and position as executive chairman of the salt-to-software conglomerate after a company's tribunal in December ordered he be reinstated. "I will not be pursuing the executive chairmanship of Tata Sons, or directorship of TCS (Tata Consultancy Services), Tata Teleservices or Tata Industries," he said in a statement. Mistry was sacked in 2016 from the top job at the helm of the holding company after he fell out with group patriarch Ratan Tata over corporate governance issues at Tata group companies.
"We think that Asian equities can sustain above average PE valuation levels as earnings recover and valuation remains attractive versus global equities," DBS bank said in a report this week. MSCI World index's forward P/E was about 16, at the end of last month. On the other hand, China, Hong Kong and South Korea had the cheapest shares in the region, with P/E multiples of 9.1, 10.6 and 10.8, respectively.
Asian shares eked out gains in November as hopes of a global economic recovery outweighed a cautious tone surrounding uncertainties about the U.S.-China interim trade deal. Last month, regional gains were lead by New Zealand shares , which surged 4.9%, on improving outlook for local businesses. Economic data from the United States and Asian markets released during November, showed signs of recovery in global economic growth and supported regional shares last month.
Asian stocks saw a rise in valuations in October as equities surged on signs that Washington and Beijing were nearing a truce in their 16-month-long trade war amid upbeat third-quarter earnings by heavyweights. U.S. President Donald Trump announced a "Phase 1" trade agreement on October 11, and has said he hoped to sign the deal with China's President Xi Jinping in November at a summit in Chile. Due to the rise in the P/Es, regional shares are catching up with the valuations of their global peers, Refinitiv data showed.
MUMBAI/BENGALURU (Reuters) - Tata Consultancy Services Ltd <TCS.NS> warned of a challenging second half after India's No. 1 IT services exporter missed September-quarter profit on Thursday, as a slowing global economy forced many of its clients to cut back spending. TCS kicks off India's corporate earnings season, and in the quarter ended September company profits were expected to be muted, given a slowdown in the domestic economy. Ratings agency Crisil warned in a note on Thursday that India Inc's revenue likely fell to a 14-quarter low in the three months ended September due to a sharp fall in demand across consumption segments.
Analysts have cut their earnings forecasts for Asian firms over the past month due to concerns over U.S-China trade tariffs and slowing global economic growth, Refinitiv data shows. Over the past 30 days, analysts have cut 2019 net income forecasts for Asian firms by an average of 0.4%, the data shows. Japan has led the earnings downgrades in the region, with a 1.4% cut, followed by Australia and Vietnam.
India and Malaysian equities were the most expensive in Asia on Oct. 2, based on their price-to-earnings valuation metrics, according to Refinitiv. Most other regional markets saw a rise in valuations over the past month, thanks to some easing U.S-China trade tensions and rate cuts by major central banks. A corporate tax cut announced by India's finance minister last month to boost manufacturing and revive its weakening economy propelled Indian shares higher.
Asian shares posted their first monthly gain in three months in September as a softening of U.S.-China trade tensions and major central banks' monetary easing measures averted fears about a global recession and lifted riskier assets such as Asian shares. Last month, the United States and China agreed to hold high-level trade talks in early October, raising hopes that the two top global economies can de-escalate the tariff spat before it inflicts further damage on the global economy.
India led Asia's earnings downgrades over the past month with analysts expecting more troubles this year due to a consumption slowdown and liquidity crunch in the financial sector. Over the past 30 days, analysts have slashed Indian firms' 2019 earnings forecasts by 4.3% - the highest cut in Asia, Refinitiv data shows. The cut comes as more than 60% of Indian firms missed their consensus earnings estimates in the June quarter, underscoring a lacklustre earnings performance.
Valuations of Asian shares took a hit in August after a sharp sell-off due to an escalation of the United-States-China trade war. A lackluster earnings performance for Asian firms in the second quarter - in which 55% of companies in the region missed their consensus earnings estimates - also affected price valuations last month. In a report last week, Goldman Sachs said its fresh 12-month target for MSCI Asia-Pacific ex-Japan is 515, or 1% below the previous 520 expectation.
Asian shares posted their biggest drop in three months in August, as escalating Sino-U.S. trade tensions and fears of a global recession prompted investors to sell riskier assets. Also, yields on 10-year U.S. Treasury notes fell below the two-year yield briefly, stoking further fears of a potential recession. An inverting yield curve is seen as a leading indicator of an impending economic recession.
Valuations of Asian shares have dropped sharply over the past month, as regional markets slumped after the United States escalated its trade war with Beijing by threatening to put tariffs on all its imports from China. Fears about trade war damage worsened after President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports not already covered by extra duties, starting Sept. 1. "We no longer expect a trade deal before the November 2020 US presidential election," the brokerage said.
Asian shares declined in July, weighed down by uncertainties over the U.S-China trade war and tempering expectations of aggressive monetary easing by major central banks this year. On Thursday, U.S. President Donald Trump said he would impose impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, which marked an end to a truce in the trade war struck in June.
Quarterly results season kicks off with Tata Consultancy Services (TCS). For the first quarter of the financial year 2019-20, the company reported a 10.8 percent increase in net profit to Rs 8,131 crore from Rs 7,340 crore in the same period last
MUMBAI/BENGALURU (Reuters) - India's biggest software services company Tata Consultancy Services Ltd said on Tuesday it was looking to sustain double-digit revenue growth this fiscal year, even as it flagged stress in global capital markets, especially in European banks. TCS, like its peers in the over $150 billion Indian IT services sector, is heavily dependent on clients in North America and Europe. "I'm really not looking for acceleration," Chief Executive Officer Rajesh Gopinathan told reporters in Mumbai after the company posted first-quarter results.