TCS: What brokerages say after Q4 results
Tata Consultancy Services (TCS) reported an in-line set of results after market hours on Wednesday, and credited its diversified portfolio for the stable earnings. The stock was volatile in early trade today. It slipped nearly 1 per cent shortly after open, but pared losses shortly after.
Here is what leading brokerages have to say on the TCS stock after the company announced its Q4 earnings.
Barclays: 'Equal weight', with a target of Rs 1,475 per share.
Morgan Stanley: 'Overweight', with a target of Rs 1,670 per share.
Credit Suisse: 'Outperfom', with a target of Rs 1,760 per share.
CLSA: 'Outperfom', with a target of Rs 1,650 per share.
Citi: 'Neutral', with a target of Rs 1,625 per share.
Goldman Sachs: 'Netural', with a target of Rs 1,520 per share.
Bank of America Merrill Lynch: 'Buy' with a target of Rs 1,700 per share.
JPMorgan: 'Neutral', with a target of Rs 1,575 per share.
Religare: 'Buy', with a target of Rs 1,550 per share.