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Posts tagged Value Pickr
Investing Basics – Feel free to ask the most basic questions (11-10-2023)
You can just take average of top 5 to 10 companies of a particular sector.
Investing Basics – Feel free to ask the most basic questions (11-10-2023)
You can just take average of top 5 to 10 companies of a particular sector.
Praveg Ltd: Play on Indian Tourism Industry! (11-10-2023)
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New Order received in Damanganga Garden Kachigam, Daman
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Updated in the sheet here
TCS opportunity (11-10-2023)
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TCS’s revenue in Q2 increased by 0.52% to Rs 59,692 crore, falling short of the Rs 60,641 crore analyst consensus. -
EBIT grew by 5.02% to Rs 14,483 crore, with an EBIT margin of 24.26%. -
Net profit rose by 2.42% to Rs 11,342 crore. -
In constant currency terms, TCS saw a 2.8% year-on-year revenue increase to $7.21 billion in July-September. -
TCS announced a share buyback worth Rs 17,000 crore at a 14.95% premium and an interim dividend of Rs 9 per share. -
The company’s order book stood at $11.2 billion with a book-to-bill ratio of 1.6. -
TCS reported a reduced attrition rate of 14.9% in July-September compared to 17% in the previous quarter. -
CEO K Krithivasan highlighted strong momentum and a significant order book in Q2, the company’s second-highest TCV ever.
TCS opportunity (11-10-2023)
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TCS saw a net reduction of 6,333 employees in the second quarter of FY24, while in the previous quarter, they added 523 employees. -
Chief Human Resources Officer Milind Lakkad credited TCS’s strategy of hiring and training freshers for the decline in headcount, highlighting increased productivity.
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In the first quarter of FY24, TCS was the only major IT company to increase its headcount, while others experienced declines due to the uncertain economic climate.
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TCS’s headcount as of September 30, 2023, stood at 608,985 employees.
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Attrition decreased to 14.9 percent on a last-twelve-month basis, down from the previous quarter’s 17.8 percent. -
Industry-wide, net additions and hiring have slowed, not limited to TCS.
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TCS faced delays in onboarding laterals for several months. -
In the previous quarter, TCS provided salary hikes, offering 12-15 percent increases to exceptional performers and initiating a promotions cycle.