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According to the average of the estimates of ETIG and six brokerages, TCS is likely to report 3.8% sequential increase in revenue to $ 6,388.3 million for the September quarter compared with the 2.8% increase in the previous quarter.

“If there are no more extraneous factors, hopefully the worst is over because a lot of the worsening of the situation was caused by things like Covid in Malaysia, fire in Japan and storms in the US.”

In the last one year, Nifty Metal Index has rallied over 150 per cent. Now, thanks to rising crude and gas prices, related stocks have also started rallying. But, DSP says this is nothing compared with what the metal sector made in earlier rallies.

A total of 56,456 shares changed hands on the counter till 02:07PM (IST)

The Relative Strength Index of the stock stood at 57.31 on Thursday.

“So long as there is growth, do not get too perturbed about higher PE multiples and ride this particular growth. Do not think in terms of booking profits and trying to buy them at corrections.”

The migration of Indian techies from Boston to Bengaluru is the biggest ever thing that has happened in the last 20 years, says Raamdeo Agrawal.

There is no analyst coverage on the stock. However, fundamentally, the company has high profit margins and low debt levels. As per Refinitiv database, its return on equity stood at 50 per cent for FY21.

On the technical charts, the 200-day moving average of the stock stood at Rs 895.63.

“Pent-up demand is over. The festive season will show the true level of demand now. The lower starting level in India is reflecting in better numbers and better rebounds than what people have anticipated, but the big picture is there is still a little bit of catching up to do.”