Jan 13, 2017, 03.25 PM | Source: Moneycontrol.com
JP Morgan stays neutral on TCS with target of Rs 2450 per share as company has shown weakness in revenue growth trajectory in recent quarters.
CLSA has buy rating on the stock with a target of Rs 435 per share expecting the shift in favour of garments business. Asset-light expansion model to drive improvement in return on capital employed over four years.
Larsen and Toubro
Credit Suisse maintains outperform with target price at Rs 1800 per share. It says estimates are well below guidance for FY17 and believes that the miss may be priced in, given low expectations. It retains medium-term positive stance, see 25 percent earnings.
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