News > Infosys shares over TCS? What brokerages say

Infosys shares over TCS? What brokerages say

14/10/2021 12:58 PM | Click to read full article

Shares of Infosys surged over 3% in Thursday's opening deals after India's second-largest IT services company reported a 12% rise in net profit for the September quarter at ₹5,421 crores from a year earlier.

Infosys also raised its revenue outlook as it bets on more contracts from global businesses expanding their digital offerings. TCS share price has fallen 5% in the last five trading sessions after India's top IT company last week missed revenue and margin estimates.