Profit

TCS gets thumbs-up from markets

PUBLISHED ON: July 18, 2007

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It was a thumbs up for the TCS management from the stock markets for its rupee management. TCS share price surged by 2.3 per cent Tuesday in a falling market.Part of this boost was thanks to buy calls from analysts across the board. And what is convincing the markets is an 8 per cent growth in dollar terms cushioning of margins with big deals.While HSBC kept a target price of Rs 1,450 UBS target stood at Rs 1,570. Kotak and Angel Broking kept a target price of Rs 1,350, Rs 1,425 respectively.
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