Buy TCS, target of Rs 950: Karvy

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Buy TCS, target of Rs 950: Karvy

Karvy Stock Broking has recommended a buy rating on Tata Consultancy Services (TCS) with a target of Rs 950. The research firm expects TCS to report a sequential revenue growth of 8.5% in Q2FY09.

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Karvy Stock Broking has recommended a buy rating on Tata Consultancy Services (TCS) with a target of Rs 950 in its October 7, 2008 research report. "We expect TCS to report a sequential revenue growth of 8.5% in Q2FY09. We expect the earnings growth for FY09 and FY10 - to be at 18% and 18.4% respectively and at the current valuations it is very attractive. We recommending the stock as a BUY with a price target of Rs 950," says Karvy Stock Broking's research report.

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