BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nirmal Bang Securities maintains sell TCS
IT sector's revenue growth and price earnings multiple are likely to contract because of the likely slowdown in US economy in 2016 and 2017. TCS could potentially trade at a marginal discount to Infosys in the coming days with Infosys beating TCS in revenue growth terms in FY16 and likely to do so in FY17 as well.