Buy TCS at current levels, says Bhat

Bhat told CNBC-TV18, “TCS certainly merits a low, no doubt about it. I think it has got into some kind of momentum as far as the business is concerned. They have been able to get a market share and I think they have once demonstrated that whatever be the condition they can still grow on a reasonably good level. So I think I would certainly look to buy TCS maybe around these levels and maybe even if it comes down or somewhat corrects.”

He further added, “The downside really seems to have been done with as far as Reliance is concerned. From hereon probably it can still move up, this is what my broad call is.”