TCS falls on revenue growth worries
Mar 19 2014 , Mumbai
The analysts cited comments made by TCS at an analyst briefing.
"At its quarterly analyst briefing, TCS highlighted that revenue growth in 4QFY14 could be weaker than 3QFY14. We are disappointed by the muted outlook for the quarter and expect constant currency revenue growth of around 2 percent, down from our 3 percent estimate earlier," said Kotak Institutional Equities in a report dated on Tuesday.
TCS shares were down 3.7 percent to 2043 rupees at 9:24 am.