Quarterly Results : TCS and Other Info.

Quarterly results are one of the major events in the Indian Stock Markets. The reason behind the same is that the investors and traders shift their money from one stock to another during this time based on the company’s result, future roadmap and other elements attached to stock selection. This time around the results are going to come in at a time when the Fed will be announcing its policy and the budget would be declared by the Finance Minister of India. Many companies have already started publishing their results like TCS. This just indicates one thing that the markets are going to be volatile for a while now. The major reason behind that is the quarterly results and the pre-budget rally.

The major result declaration done in the recent times is of TCS. Tata Consultancy Services has been one of the most highlighted stocks recently on account of the market response based on the market capitalization of the company. 

Quarterly Results

The results of the major I.T. firms have been derived from the results of the Tata Consultancy Services. The net profit of the company rises by 11% and the revenue has been up by 19%. The company has beaten the estimates by the analysts for its profit figures. However the margin shrinkage has been the major reason for the sudden downfall of the share valuation on the next day of the result declaration. One of the major decisions made by the company was the dividend declaration. The company declared a special dividend of 67 Rs per share and a total dividend of 75 Rs will be passed on to the shareholders. The record date for the dividends is 17th January, 2023 and the Payment date will be 3rd February, 2023.

The profit of the company has been recorded at 10833 Crore Rs and the revenue from operation is 58229 Crore Rs. This gives us a 19.11% rise in revenue from 48885 Crore Rs a year ago.

Quarterly Result Inputs on TCS

The order book was 7.8 Billion Dollars and the operating contracts were up by 0.5%. The net margin of the company was 18.6%. The major setback from the announcement seemed to be the employees leaving the company despiste of such good revenue figures. The company posted an attrition rate of 2197 people. 

Alongwith this the company has added one 100 Million dollar plus customer making the same to a total of 59 people. The major revenue growth has been achieved on account of North American business. However other countries like the U.K. have shown a good amount of growth at15.4% regardless of the fact that its economy is suffering. 

Quarterly Results News on Tata Motors

On the other hand, Tata Motors shares increased by more than 6% in recent times. This was due to the company’s higher sales figures. Multiple brokerage firms have also maintained the buying call on the company with targets ranging from 490 to 500 Rs. The past year has not been good for the company given its 18% devaluation in share price. Also the company has entered the commercial electric vehicle fleet with a mini truck ranging around 10 Lakh Rs.

Quarterly Results and other Major Announcements in Future

In the upcoming days the major announcements that we can get are the budget announcement, Fed Meet and the result declaration of major automobile, I.T. and FMCG companies. The current situation has made one thing sure that the gold prices are going to rise or stay in the current range for some time. The reason is the currency valuation getting deprecated every day. On the other hand the inflation figures in the USA are under scanner. It would be a major point of concern during the Fed announcements. So overall the Fed announcements would be a driving factor this week. With this the markets would also be volatile given the impact of Fed Announcements.

Followed by this would come the Budget announcements. Hence the pre-budget rally would be driven based on the Fed Decisions. So one needs to be sure to alter the portfolio based on the Fed announcements. Also to buy at dips must be the only strategy to follow currently.