How to trade Kotak Mahindra Bk, TCS, MindTree, Zensar post Q1FY14 results

How to trade Kotak Mahindra Bk, TCS, MindTree, Zensar post Q1FY14 results
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How to trade Kotak Mahindra Bk, TCS, MindTree, Zensar post Q1FY14 results
  • 
	Kotak Mahindra Bank 

	Brokerage: Citi

	Rating: Neutral

	Target: Rs 785

	Rationale: The key takeaway this quarter is the management's almost bearish big picture view, loan growth guidance has been cut to 15 percent.

    Kotak Mahindra Bank Brokerage: Citi Rating: Neutral Target: Rs 785 Rationale: The key takeaway this quarter is the management's almost bearish big picture view, loan growth guidance has been cut to 15 percent.

  • 
	Tata Consultancy Services (TCS)

	Brokerage: CLSA

	Rating: Outperform

	Target: Rs 1830

	Rationale: Results should further boost the sector-wide sentiment, which has already been up, driven by likely delays in immigration bill and a weaker currency. Moneymaking in TCS hereon remains a function of earnings growth rather than any valuation re-rating.

    Tata Consultancy Services (TCS) Brokerage: CLSA Rating: Outperform Target: Rs 1830 Rationale: Results should further boost the sector-wide sentiment, which has already been up, driven by likely delays in immigration bill and a weaker currency. Moneymaking in TCS hereon remains a function of earnings growth rather than any valuation re-rating.

  • 
	Tata Consultancy Services (TCS)

	Brokerage: JPMorgan

	Rating: Neutral

	Target: Rs 1800

	Rationale: TCS starts out FY14 on a commanding note, turning in a solid 4.1 percent Q/Q USD revenue growth & 4.8 percent Q/Q constant-currency growth in 4Q FY13. It raised Mar-14 PT to Rs 1,800, primarily due to an increase in INR EPS estimates led by the INR-USD exchange rate. It expects street to do so as well.

    Tata Consultancy Services (TCS) Brokerage: JPMorgan Rating: Neutral Target: Rs 1800 Rationale: TCS starts out FY14 on a commanding note, turning in a solid 4.1 percent Q/Q USD revenue growth & 4.8 percent Q/Q constant-currency growth in 4Q FY13. It raised Mar-14 PT to Rs 1,800, primarily due to an increase in INR EPS estimates led by the INR-USD exchange rate. It expects street to do so as well.

  • 
	MindTree

	Brokerage: Credit suisse

	Rating: Outperform

	Target: Rs 1200

	Rationale:  Growth momentum appears to be coming back for the company, margins are highly leveraged to rupee depreciation and valuations are undemanding.

    MindTree Brokerage: Credit suisse Rating: Outperform Target: Rs 1200 Rationale:  Growth momentum appears to be coming back for the company, margins are highly leveraged to rupee depreciation and valuations are undemanding.

  • 
	Zensar Technologies

	Brokerage: Nirmal Bang

	Rating: Buy

	Target: Rs 321

	Rationale: Zensar's revenues grew 4.6 percent and the management expects good growth in FY14. With improvement in the deal pipeline and overall positive outlook on business,the broking firm continues to remain positive and continues to have a BUY recommendation on the stock.

    Zensar Technologies Brokerage: Nirmal Bang Rating: Buy Target: Rs 321 Rationale: Zensar's revenues grew 4.6 percent and the management expects good growth in FY14. With improvement in the deal pipeline and overall positive outlook on business,the broking firm continues to remain positive and continues to have a BUY recommendation on the stock.

  • 
	Kotak Mahindra Bank 

	Brokerage: Citi

	Rating: Neutral

	Target: Rs 785

	Rationale: The key takeaway this quarter is the management's almost bearish big picture view, loan growth guidance has been cut to 15 percent.
  • 
	Tata Consultancy Services (TCS)

	Brokerage: CLSA

	Rating: Outperform

	Target: Rs 1830

	Rationale: Results should further boost the sector-wide sentiment, which has already been up, driven by likely delays in immigration bill and a weaker currency. Moneymaking in TCS hereon remains a function of earnings growth rather than any valuation re-rating.
  • 
	Tata Consultancy Services (TCS)

	Brokerage: JPMorgan

	Rating: Neutral

	Target: Rs 1800

	Rationale: TCS starts out FY14 on a commanding note, turning in a solid 4.1 percent Q/Q USD revenue growth & 4.8 percent Q/Q constant-currency growth in 4Q FY13. It raised Mar-14 PT to Rs 1,800, primarily due to an increase in INR EPS estimates led by the INR-USD exchange rate. It expects street to do so as well.
  • 
	MindTree

	Brokerage: Credit suisse

	Rating: Outperform

	Target: Rs 1200

	Rationale:  Growth momentum appears to be coming back for the company, margins are highly leveraged to rupee depreciation and valuations are undemanding.
  • 
	Zensar Technologies

	Brokerage: Nirmal Bang

	Rating: Buy

	Target: Rs 321

	Rationale: Zensar's revenues grew 4.6 percent and the management expects good growth in FY14. With improvement in the deal pipeline and overall positive outlook on business,the broking firm continues to remain positive and continues to have a BUY recommendation on the stock.

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