TCS rises 2% ahead of Q3 results. Here’s what analysts say

NEW DELHI: Shares of TCS NSE 2.15 % advanced 2 per cent ahead of the IT firm’s December quarter results scheduled for later in the day.

The stock rose 2.16 per cent to hit a high of Rs 3,098.35 on BSE.

On YoY basis, Nirmal Bang projects TCS reporting 2.6 per cent growth in revenues at Rs 40,900 crore. Ebit is seen rising 5.1 per cent YoY to Rs 10,477 crore. Profit is seen at Rs 8,630 crore, up 6.3 per cent. Margin is seen expanding to 25.6 per cent from 25 per cent YoY.