TCS in for some bounce after a good Q4 show

Mumbai: The shares of Tata Consultancy Services (TCS) are likely to surge in the near term in response to the company’s better-than-expected March quarter results announced after trading hours on Friday. Analysts said the stock could move up by 3-5% soon but upsides could be tempered by concerns over the revenue outlook for the sector and the uncertainties over the impact of the Iran-Israel conflict on the overall market.