Today Share Market faces a up-down staring and the main and big reason of this is only because of the Tata Consultancy Service in short TCS Q4 result.Because it reports that 3% growth in fourth quarter atleast Rs 2402 crore as compared to the last quarters.
“TCS results are very much in line with expectations. I think the market has over reacted a little bit because of the Infosys effect, but this not a sector we have liked in the last 1-2 years,” said Radhika Gupta, director of Forefront Capital Management.
“We expect to see a pick up in petrochem polyester margins owing to high prices. The big issues with Reliance are the production and the volume pick up, which have slacked over the last couple of quarters. I think the market is looking more towards the forward guidance for Reliance in addition to what the quarterly numbers are,” she said.
Mohindar said, “5830 is the key level to really watch and even now, we have not dipped intraday once below that level. So it’s a good move that the market is making.”
“TCS results are very much in line with expectations. I think the market has over reacted a little bit because of the Infosys effect, but this not a sector we have liked in the last 1-2 years,” said Radhika Gupta, director of Forefront Capital Management.
“We expect to see a pick up in petrochem polyester margins owing to high prices. The big issues with Reliance are the production and the volume pick up, which have slacked over the last couple of quarters. I think the market is looking more towards the forward guidance for Reliance in addition to what the quarterly numbers are,” she said.
Mohindar said, “5830 is the key level to really watch and even now, we have not dipped intraday once below that level. So it’s a good move that the market is making.”
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