BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Edelweiss maintains hold on Tata Consultancy Services
TCS' revenue warning clearly reiterates our thesis that TCS, with huge dependence on H1, has very little margin of safety. We continue to believe that even though TCS may post Q2 revenue growth in-line with Infosys, its EPS growth will be lower due to extremely limited margin levers.