Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
2142.15
Change Change %
-41.05 -1.88%

Updated:26 Sep, 2018, 15:59 PM IST

BSE
2141.45
Change Change %
-41.65 -1.91%

Updated:26 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Religare
N/A
08-09-2016 Sell 2318.00 2300.00
N/A
Target Hit Long (1Y)
08-09-2017

Religare maintains sell on Tata Consultancy Services

We believe Q2 revenue growth (constant currency) of TCS could be in the range of 1-2 per cent down from 3.1 per cent in Q1. A seasonally weak H2 could translate into earnings downgrade of 3-4 per cent. We believe TCS's valuation premium to Infosys is not justified as earnings expectations are not low and TCS is not immune to sector risks.

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