TCS Q3 earnings: elephants can dance, but can be wobbly at times
TCS trades at 20 times one-year forward earnings estimates, and some analysts are still working with a ₹/$ rate of 72
MARK TO MARKET
After several quarters of sedate growth, Tata Consultancy Services Ltd (TCS) has returned to double-digit growth this fiscal year. Its growth of 12.1% in the December quarter, on an annualized revenue base of nearly $20 billion, is nothing to sneeze...
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