Profit

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

NSE
1880.45
Change Change %
7.60 0.41%

Updated:16 Nov, 2018, 14:24 PM IST

BSE
1873.00
Change Change %
7.50 0.40%

Updated:16 Nov, 2018, 14:52 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Religare
N/A
14-10-2016 Sell 2365.90 2200.00
N/A
Target Hit Long (1Y)
14-10-2017

Religare recommends sell on TCS

Religare has a sell call on TCS it says TCS reported a weak 0.3 per cent QoQ dollar revenue growth in Q2FY17 led by a 1.3 per cent QoQ growth in volumes. EBIT margins were better than estimates and came in at 26 per cent led by lower employee and equipment & software costs. However, amid falling growth, this does not give us confidence of margin sustainability. While, TCS expects a better second half ahead, we have already factored this into our estimates. We think earnings expectations are not low and valuations at 17 times FY18 estimated earnings are full.

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