Preview: India's TCS gains ahead of Q2 results as analysts see steady quarter

Tata Consultancy Services

08/10/2026 05:14

** Shares of TCS TCS.NS climb 2.4% to 2,130 rupees ahead of Q2 results
** Analysts, on avg, expect TCS to post 11.2% Y/Y climb in Q2 rev while profit expected to grow 14.2% Y/Y- LSEG compiled data
** India's top IT services exporter expected to deliver steady Q2 revenue growth, supported by resilient BFSI spending, according to Nuvama, Centrum and Antique
** BFSI and manufacturing demand remain healthy, helping offset pockets of weakness in retail, Centrum says
** Large-deal momentum stays strong, with deal wins seen at $8 billion-$10 billion, according to Nuvama and Centrum
** Margins are likely to improve slightly on currency tailwinds and operational efficiencies, analysts say
** TCS well placed to benefit when discretionary spending revives, aided by its scale and strong client relationships - analysts
** Avg rating of 39 analysts on TCS at "buy"; median PT is 2,400 rupees - LSEG compiled data
** YTD, TCS down ~33% vs IT index's .NIFTYIT 25.5% drop; Nifty 50 .NSEI down ~14% YTD

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))