TCS to announce Q4 for FY 20 on April 16

The Largest IT Firms Tata Consultancy Services (TCS) will announce its fourth – quarter financial results on 16 Apr 20 (Thursday). This time announcement of corporate earnings for this quarter will be delayed given the ongoing lockdown due to COVID – 19 outbreak.

The Meeting of the board of directors will be held on 16 April 20 to consider and approve the consolidated financial results of the company for the quarter and year ended 31 March 20.

The board will also look at the recommendation of final dividend for the financial year ended 31 Mar 20 at this meeting.

The results will be announced after market trading hours as per TCS Spokesmen said.

Its peers group like Infosys and HCL Tech are yet not announced their financial results dates.

SEBI has already given relaxation of 45 days to companies for filling Q4 FY 20 results and one month has been given for filling Q4 corporate governance reports and three weeks for share holding pattern and complaint reports.

Operation of businesses across the world have been impacted by the COVID – 19. The government, on 14 April 20 announced a lockdown in the country till 03 May 20 to contain the spread of infection.

Technical Chart & Option Chain Overview for 16 Apr 20

According to current month option chain, the support level for TCS is placed at 1700 and resistance is placed at 1800.

According to Technical Chart, the support level for TCS is placed at 1685 and resistance is placed at 1810.

How to Trade TCS on 16 April 20