TCS reported a 5% growth in Q2 net profit to Rs 11,909 crore, falling short of expectations. Revenue increased 8% YoY. Analysts hold mixed views; JPMorgan and Nuvama maintain ‘Buy’ ratings, while Citi and Investec advise ‘Sell’ due to ongoing client-specific issues.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is