BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains sell on TCS
Despite a favourable rupee, margins contracted 50 basis points sequentially to 26.1 per cent. Earnings expectations remain high for TCS, and valuations are full in the absence of levers for earnings upgrades.