The TCS stock was beaten in the market, after it came out with dissapointing Q4 results. The profit margins were very low. The markets anticipated an increase in the operating profit margins in Q4 2007.
TCS shares had witnessed a solid pre-results surge, especially after the sector leader Infosys gave a very strong guidance for FY 2008. However the tremendous rise in rupee is putting a huge pressure on the margins of all the companies operating in the IT space.