Tribunal order unlikely to impact TCS, but other concerns remain

Mumbai: India’s top IT services provider TCSNSE 0.09 % is unlikely to be impacted in the near term due to the National Company Law Appellate Tribunal’s decision on Tata Group holding company Tata Sons, analysts said.

TCS may, however, see subdued earnings growth in its key banking and retail verticals in the second half of the ongoing fiscal year due to continued macroeconomic uncertainty, they said.

“The news is big and has been affecting Tata Group companies’ shares negatively. However, specifically on TCS, it will likely not have any immediate impact in