BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
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.