TCS shares rise 3% after Q1 show. Should you buy, sell or hold the stock?

Tata Consultancy Services (TCS) reported a YoY rise of 17% in consolidated net profit of Q1 to Rs 11,074 crore. However, consolidated revenue increased nearly 13%, marginally lower than the estimated Rs 59,500 crore. Motilal Oswal and Nuvama retained their ‘Buy’ recommendation on the IT major, while Nomura maintained a ‘Reduce’ rating.

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