Monday, October 17, 2011

TCS may fall to 1074 1034 before expiry....

TCS may fall to 1074  1034 before  expiry....
closed at 1120 ..
stay short  with stop loss of 1125

Tata Consultancy Services Ltd. (TCS), India’s largest software exporter, posted second-quarter profit that missed analysts’ estimates as a weaker-than-expected economic recovery made customers hold back technology spending.
Net income rose 15 percent to 24.4 billion rupees ($498 million) in the three months ended Sept. 30, from 21.3 billion rupees a year earlier, Mumbai-based Tata Consultancy said in a statement today. Profit was projected at 25.2 billion rupees according to the median of 28 analysts’ estimates compiled by Bloomberg.


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