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TCS(TATA CONSULTANCY SERVICES)- 2QFY18 Result Update – Encouraging Performance

Tata Consultancy Services (TCS) has delivered an encouraging performance in 2QFY18 with its USD revenue growing by 3.2% QoQ. While volume growth came in at 3.2% QoQ, CC pricing remained flat. Aided by operational efficiency and decent growth in revenue, its EBIT margin rose by 171bps QoQ (exceeding our estimate by 38bps), which led to 8.4% QoQ growth in PAT to Rs64.5bn (in-line with our estimate). From vertical perspective, the key BFSI vertical grew by 3.5% QoQ (marginally above company…

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Prataap Snacks gives strong opening with more than 30% gain at Rs 1,270

Market debutant Prataap Snack had a strong listing, with the stock listing at Rs 1,270 in the opening tick, a gain of over 35 percent. The company’s Rs 482-crore initial share sale offer has received strong response from investors, oversubscribing 47.03 times on the final day.The initial public offer (IPO) received bids for over 17 crore equity shares against the total issue size of 36,27,518 shares, excluding anchor investors’ portion. The portion set aside for qualified institutional buyers (QIBs) has…

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