NIFTY 50 future TRENDS

[timepass]

TCS Results :

TCS Q4 net up 23% YoY at Rs 2,932.4 crore

Published on Mon, Apr 23, 2012 at 18:05 | Source : Moneycontrol.com

Updated at Mon, Apr 23, 2012 at 20:00
Moneycontrol Bureau

India's top software services exporter Tata Consultancy Services ' consolidated net profit for January-March quarter rose 23% year-on-year and 1.6% sequentially to Rs 2,932.4 crore.

Its total income from operations for the fourth quarter was Rs 13,259.3 crore, up 30.5% from a year ago and up 0.5% quarter-on-quarter.

Analysts on average had expected TCS to report a net profit of Rs 2,837 crore on revenue of Rs 13,195 crore, according to a CNBC-TV18 poll.

However, EBIT (earnings before interest, taxes) margin for the fourth quarter declined to 27.7% from 29.24% in the Oct-Dec quarter.

The company said pricing has improved 1.3% year-on-year, while volumes rose 4.9% in Jan-March.

"We have carried our strong momentum through the fourth quarter to close out a year of strong growth. We have kept our focus on profitability and consolidated our market leadership," said N Chandrasekaran, CEO and MD.

TCS' full year (2011-12) revenue crossed USD 10 billion and he also expects FY13 will be a normal year as far as growth is concerned.

TCS plans to hire 50,000 employees in fiscal 2013 and said it is going ahead with an average 8% wage hike in India.

The results are in a sharp contrast with its rival Infosys. The Bangalore-based company had earlier this month missed fourth quarter forecasts and guided for a much lower-than-expected 8-10% US dollar revenue growth in the current fiscal year.

Infosys also said it was not giving pay hikes for now, and would relook at the issue if things improved later in the year.

Industry body Nasscom has projected the IT sector will see a growth of 11-14% this fiscal.

Mid-tier HCL Technologies' had surprised the street with a net profit of Rs 603 crore in its third quarter, up 29% from a year ago, while revenue was up 26% to Rs 5,216 crore.

Both HCL Tech and TCS don't give any guidance.

TCS shares on Monday closed down 2.2% at Rs 1,064.25 on NSE. The results were announced after markets closed.

http://www.moneycontrol.com/news/results/tcs-q4-net23-yoy-at-rs-29324-crore_695776.html

Now maybe Bank Nifty will go up tomorrow :lol:

 

[EagleOne]

Is market ready to reverse?
Seniors pl comment.

Reverse Bole toh ? Mkt is already in downtrend :clapping:

Rahul buddy, check the bottoms' divergence as well. To do 'Ulte baans Bareily' market needs just a couple of hourly candles, and rest of the bullish job we, the bears, would finish. Believe me, it's been happening since stoneage!

 

[MaxX]

Well in India it seems only way to make money is by writing options. Earlier what i saw was that even when i used to be right on direction of market , my bought options didnt gave the required amount of money they should have given. So then i started writing options and the most amazing thing i noticed about writing options is that "IT is the only asset in this world that gives u money even when u r wrong" and the component which makes it possible is the none other than decay factor.
Just for example how many times have u seen NIFTY hanging around same price or say even increasing 1 or 2% and then also we witness 20-30% drop in options premiums.

Also many people out there say that it is risky, i just want to know from them what is not risky? Obviously if u want to earn more money u HAVE to leverage it more.

Like i will give u my practical trading account example: On 18th April i wrote 5300 CE options @around 86 , Now when Nifty is off not even 2% it is now trading@11 which is 1/8th of the value i wrote it.

If u guys want(or r interested) i cud think abt starting a new thread on WRITING options and it wont be another boring thread just abt theory, we will do live trading. And yes i need someone who will keep track of my results in that thread itself. Like what was %gain/loss on options i told to write. Any volunteers ?

Lets make it a fun guys..........

I have been doing it almost exclusively from the past 2 years.. doing strangles when there is an indecisive market and one sided writes in trends.

Main thing to be careful about when writing options is how to handle your position when things go against you.. i.e. a big move against your position.. comes with experience :thumb:

Go ahead with your topic!

 

[bthakwani]

Where is Manoharbhai today ??

he mentioned in one of his posts that he will be back on 1st of may...

 

[vinst]

TCS Results :



Now maybe Bank Nifty will go up tomorrow :lol:

How are banknifty and TCS/HCL related?

 

[sudoku1]

NF trend NEUTRAL
TGT ?

 

[TheDreamer]

NF trend NEUTRAL
TGT ?

What's going on??? Every now and then you are changing your statements!!!

 

[timepass]

How are banknifty and TCS/HCL related?

Aren't you the smart one ... some FII closes off its short positions and the market falls !!! Why ?? Closing short positions should be positive, shouldn't it ? IFCI reports poor numbers and the next day it climbs.. what's the logic ?? That's why, my dear Vinst, if TCS reports good results, BNF will zoom up, if not, then at least the Realty index will move up :lol: The market will find some excuse to move up or down the way it wants, regardless of the results..

 

[sudoku1]

What's going on??? Every now and then you are changing your statements!!!

my view is intact. Its for 2day whethr d trend changes by breaking d suport or ?. Dont get confused . I hav posted d view along wid d tgt ystrday. NF TREND UP.
tgt 5444

 

[sudoku1]

NF trend NEUTRAL
TGT ?

pls dont get confused wid d original post. Dis post is for 2day ,whether v break or make. Der is no change in my view NF trend UP