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Companies set to report earnings, shaping market direction
The Business Guardian
|July 12, 2024
The earnings result season for the first quarter (April-June) of 2024 has commenced, with major companies in the Indian stock market set to report their performance starting this Thursday.
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This period is crucial for investors and analysts who are keen to gauge the financial health and operational performance of key players in the market.
According to the Bombay Stock Exchange (BSE), several major IT companies will report their financial results for the first quarter of 2024 this week. Among the most anticipated announcements, Tata Consultancy Services (TCS) is set to reveal its first-quarter performance results on Thursday. In its previous earnings announcement, TCS reported a 9 percent rise in net profit for the fourth quarter of FY24, achieving Rs 12,434 crore compared to Rs 11,392 crore in Q4 of FY23. This substantial growth has heightened expectations for the company’s first-quarter performance, making its upcoming announcement highly anticipated by market participants.
This story is from the July 12, 2024 edition of The Business Guardian.
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