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The new labour codes mandate that employee wages must be at least 50% of CTC, with benefits such as PF and gratuity to be calculated on wages.
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Shares of Tata Consultancy Services and HCL Technologies recovered from early weakness to trade modestly higher by noon, as investors reassessed Q3 results and broker commentary that acknowledged steady execution but flagged limited near-term upside.
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Shares of Tata Consultancy Services slipped 0.6 percent in early trade as investors reacted cautiously to its Q3 results, with most brokerages flagging limited growth visibility despite an in-line operational performance excluding one-offs.
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The outlook for Tata Consultancy Services stock has turned cautious after Q3 results, with most brokerages flagging weak growth visibility and muted international momentum, even as operational performance remained largely in line excluding one-offs.
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The comes as the IT major reported a 14% YoY fall in consolidated net profit to Rs 10,657 crore for the October-December quarter of the ongoing financial year 2026.
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Profit booking in IT shares comes ahead of the start of the third quarter earnings season on January 12, when TCS and HCLTech are scheduled to announce their results.
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ICICI Securities said TCS' AI engagements are gaining scale, growing 38.2% YoY in constant currency terms and next-generation services revenue growing at 6%-9%
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Nuvama said Indian IT companies outperformed expectations in the September quarter, with profit margins led by forex gains, operational efficiencies and robust deal-wins
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TCS said that the Marks & Spencer service desk contract referred to in the report went through a regular competitive tender process beginning January 2025 -- 'much prior to the cyber incident in April 2025'.
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There could be relief rally, but the IT major is unlikely to come out of its sluggish growth phase in a hurry
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TCS Q2 FY26 Results: Tata Consultancy Services second quarter net profit slightly missed expectations. India's largest IT firm unveiled an ambitious plan to build a 1 GW capacity AI datacentre in India.
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The country’s largest software exporter, led by CEO K Krithivasan, will announce its second-quarter results after market hours.
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Gurnani said that the move reflects the humanization of AI, which means that while some routine jobs may be cut, new jobs may be created.
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TCS reported a 6% rise in Q1 net profit to Rs 12,760 crore, beating expectations. The company’s revenue from operations meanwhile rose 1.3% to Rs 63,437 crore during the quarter under review.
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The company managed to beat the analyst estimates of $8-9 billion in deal wins in Q1, seeing positive year-on-year growth in constant currency in BFSI and energy, resources and utilities, technology & services verticals.
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TCS share price: The company had said that its board will meet on July 10 to consider and approve earnings results and a dividend for shareholders.
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IT stocks: Analysts have suggested that the IT sector may see a soft earnings season, amid global uncertainties.
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IT stocks: Tech-heavy Nasdaq index closed at a record high level following the US Fed chief's testimony.
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The two newly launched delivery centers in Germany will help automakers in developing and deploying the company's software-driven services, TCS said.
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Notably, the IT stocks have seen significant volatility in the recent days amid US President Donald Trump’s tariff flip-flops.
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Tejas Network said that it will supply Radio Access Network (RAN) and other equipment worth Rs 1,525.53 crore to TCS for this project.
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The move by US and China to slash reciprocal tariffs helped calm fears, fuelling optimism across IT firms which derive a significant portion of their revenue from overseas clients, particularly in the US.
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The United States Federal Open Market Committee will announce its policy decision on Wednesday, May 7.
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The report shows that out of the $425 million raised for charities causes by 50 marathons, TCS-supported marathons raised $279 million
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Stocks to Watch, 11 Apr: Stocks like TARC, Bharti Hexacom, Infosys, Aurobindo Pharma, Bharat Heavy Electricals, Bank of India, Tata Steel, Sanofi India, Punjab National Bank, Axiscades Technologies, JSW Energy, Eternal, Federal Bank, Bajaj Healthcare, SRF, Samvardhana Motherson International, IIFL Finance, and Northern Arc Capital will be in focus on April 11.
