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21 Apr 2011

TCS or Infosys - Which is Better?

Yesterday Market was euphoric post HCL tech results which were higher than the market expectations. market was already anticipating higher profit for TCS and thus the surge was seen in its price.

Tata Consultancy Services Ltd has posted a net profit of Rs 90680.40 million for the year ended March 31, 2011 as compared to Rs 70006.40 million for the year ended March 31, 2010. Total Income has increased from Rs 303009.90 million for the year ended March 31, 2010 to Rs 379285.10 million for the year ended March 31, 2011.

Off late TCS has been providing better results than Infosys. Today good results by TCS propelled the Nifty and kept the same in green, though profit booking was seen in TCS as price was already factored in the stock yesterday. Thus as a strategy one should avoid trading in the stock on the day its results are going to be delivered else one must trade with strict levels.

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