TCS’ Q2 margin miss drives earnings downgrades

TCS’ Q2 margin miss drives earnings downgrades

Source: Live Mint MUMBAI : IT bellwether Tata Consultancy Services Ltd (TCS) raised the curtains on the sector’s September quarter (Q2FY25) earnings with subdued performance.  Sequential constant currency revenue growth at 1.1% slightly missed the consensus estimate of 1.3%. Weaker growth in the North American market dragged overall growth even as the traction in the…

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Cummins India shares tank 6% after Goldman Sachs downgrades stock to ’sell’, sees 23% downside | Stock Market News

Cummins India shares tank 6% after Goldman Sachs downgrades stock to ’sell’, sees 23% downside | Stock Market News

Source: Live Mint Shares of Cummins India experienced a sharp decline of approximately 6 per cent during intra-day trading on Friday, October 11. This drop came in the wake of a downgrade from global brokerage house Goldman Sachs, which has revised its rating on the stock to ‘sell.’ Alongside this downgrade, the brokerage also reduced…

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Indian stock market: 8 key things that changed for market overnight – Gift Nifty, US inflation to TCS Q2 results | Stock Market News

Indian stock market: 8 key things that changed for market overnight – Gift Nifty, US inflation to TCS Q2 results | Stock Market News

Source: Live Mint Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open on a muted note on Friday tracking a mixed trend in global markets. Asian markets traded higher, while the US stock market ended lower after the inflation rose higher than expected. On Thursday, the Indian…

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