In the biggest IT companies, TCS and Infosys have presented the results of the March quarter on 12th April. While Infosys consolidated profits rose by 10.5 percent year-on-year basis, it stood at Rs 4,078 crore. At the same time, the company has set a target of 7.5-9.5 percent for Fiscal Year 2019-20. Meanwhile, profit growth of TCS increased 17.7% to Rs 8,162 in the March quarter.
In the March quarter, Infosys earnings increased 19.1 percent to Rs 21,539 compared to Rs 18,083 crore a year ago. Meanwhile, Net sales of TCS increased by 18.5% to Rs. 38,010 crores from Rs. 32,075 crores.
Both companies have presented their own results. In such a situation, the problem of investors is that they choose either of them.
The profit in TCS is better in the fourth quarter. In comparison, Infosys has disappointed on margins. This is the first time that both the companies have released their results on the same day. Infosys is constantly investing in future growth, due to which margins guidance has weakened. Although the management says that they are investing aggressively to increase sales.
@ Buy TCS NSE 2050 for Long term perspective above 2050 for targets 2200, 2400 Stop Loss 1821.
@ Buy Multiple Shares of INFY for target 840, hold it around 3 month.