Profit

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

NSE
2077.90
Change Change %
7.15 0.35%

Updated:19 Sep, 2018, 15:59 PM IST

BSE
2076.90
Change Change %
6.90 0.33%

Updated:19 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nirmal Bang
N/A
19-04-2017 Sell 2287.00 1996.00
N/A
Closed Long (1Y)
19-04-2018

Nirmal Bang retains sell on Tata Consultancy Services

TCS' 'incrementally positive' FY18 commentary was short on specifics. While the Insurance sub-vertical is poised for strong growth because of a few large deals won, the commentary on BFS (especially in the US) was tentative. Positive sentiment of clients around likely change in business/regulatory environment in the US has not translated into improved spending and is dependent on the Trump administration's moves.We believe that TCS stock should trade at par with Infosys in the coming days as we expect both to have flat EPS for FY17-FY19E.

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