IT sector in focus for the day

IT sector in focus for the day -

1) IT index will be in focus today 2) TCS to come up with results for Q1 3) Results expectations are muted with analysts expecting a sequential decline in both the bottom and top lines, weighed by the ramp-down in key deals. 4) If results are muted then this will impact the sector negatively. 5) TCS's bottom line will likely decline by 0.55 per cent to ₹12,156.95 crore amid heightened uncertainty in the demand environment. On a year-on-year (Y-o-Y) basis, the net profit is expected to grow at an average of 0.97 per cent. Analysts expect total contract value to remain within the $7-9 billion range. 6) All this is for information. 7) This is not a buy/sell recommendation. Thank you, Technofunda24