LIVE MARKET UPDATE

Friday 18 July 2014

Small Comment on Indian Stock and MCX Market

Shares in Tata Consultancy Services, India's biggest software services exporter, rose 2.9 percent in pre-open trading after its April-June profit and sequential U.S. dollar revenue growth of 5.5 percent beat estimates.

Better-than-expected revenue growth reduces the asking rate for achieving management's guidance of better revenue growth in FY15 than FY14, Nomura said in a report on Friday.

Analysts added that although TCS' valuation looks rich, it is sustainable given execution and visibility remains good.

 For more news on free mcx tips,free commodity tips,free stock tips on mobile please visit us at http://marketmagnify.com/freetrial.php or call at 07316619100.

No comments:

Post a Comment