Market Dashboard
BSE Code: | NSE Code: | ISIN: | Sector:
| Change | Change % |
| -6.05 | -0.29% |
Updated:24 May, 2019, 15:59 PM IST |
|
| Change | Change % |
| -4.10 | -0.20% |
Updated:24 May, 2019, 16:01 PM IST |
|
Research Report Detail
| Brokerage Analyst |
Report Date | Call | Price@Call | Target Price Stop Loss |
Current Status | Time Horizon |
|---|---|---|---|---|---|---|
| Edelweiss N/A |
19-09-2017 | Hold | 2498.30 | 2499.00 N/A |
Target Hit | Long (1Y) 19-09-2018 |
Edelweiss maintains hold on TCS
The absence of pick up in
spending in BFSI is surprising given the rise in interest rates in the
North American market and improving profits, particularly in the BFSI
space. Stagnant new spends imply further delay in decision making and
awarding of new deals. We believe, this coupled with continued pain in
retail (although temporary) implies lower growth for the sector and in
particular for TCS, Infosys and Wipro, which draw substantial portion of
revenue from these segments. We will keenly monitor quarterly earnings
& commentary and maintain that TCS is a dividend play until margin
stabilises and demand environment improves in spite of its best-in-class
execution.
Advertisement
