TCS a good investment opportunity: S Joshi

Sharmila Joshi of Prabhudas Lilladher is of the view that valuations at this stage would make TCS a good investment proposition. What stands for Infosys will probably hold true for TCS as well and broadly the expectation of the market even in terms of growth whether it is revenue or PAT is more or less similar for both the companies, she added.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead master your money SME Special
moneycontrol.com

Home » News » Stocks Views

Jan 14, 2008, 10.34 AM | Source: CNBC-TV18

TCS a good investment opportunity: S Joshi

Sharmila Joshi of Prabhudas Lilladher is of the view that valuations at this stage would make TCS a good investment proposition. What stands for Infosys will probably hold true for TCS as well and broadly the expectation of the market even in terms of growth whether it is revenue or PAT is more or less similar for both the companies, she added.

Like this story, share it with millions of investors on M3

TCS a good investment opportunity: S Joshi

Sharmila Joshi of Prabhudas Lilladher is of the view that valuations at this stage would make TCS a good investment proposition. What stands for Infosys will probably hold true for TCS as well and broadly the expectation of the market even in terms of growth whether it is revenue or PAT is more or less similar for both the companies, she added.

Post Your Comments

Share Cancel

Sharmila Joshi, Prabhudas Lilladher
Sharmila Joshi of Prabhudas Lilladher is of the view that valuations at this stage would make Tata Consultancy Services , TCS a good investment proposition

Joshi told CNBC-TV18, "The concern on the IT companies is really being with the kind of spend that you are going to see the IT budgets that you are going to see going ahead for 2008. If what we heard from Infosys is anything to go by then there seem to be quite unworried and they do see a good ramp up as far as business is concerned they have closed big deals, they have seen a margin expansion on some of their newer clients that they have bought in. What stands for Infosys will probably hold true for TCS as well and broadly the expectation of the market even in terms of growth whether it is revenue or PAT is more or less similar for both the companies you would expect about a 5-5.5% kind of quarter-on-quarter increase in revenue. So thatís what broadly the market expectation is."

She further added, "But in terms of share price possibly what it does mean is, if the numbers there are no positive surprises in TCS numbers and they are pretty much more or less what we have seen really so far coming from Infosys or what the market is expecting then possibly you wonít see any sharp rally in the price. But the valuations at this stage would make TCS also a good investment proposition. So not a sector that could outperform the market in the near-term but overall looking at valuations they do look like a good investment opportunity whether itís an Infosys or whether itís a TCS."      

Disclosure: I have personal holdings in Infosys, TCS and ICICI Bank.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
TCS a good investment opportunity: S Joshi

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login