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

Fri, Jul 19, 2013 at 09:44

| Source: CNBC-TV18
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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.

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