Edelweiss recommended hold rating on Tata Consultancy Services with a target price of Rs 2315 in its research report dated October 12, 2017.
“We continue to gain share in the fast-growing digital spend of our customers, evident in our industry-leading Digital growth in Q2,” M Gopinathan of TCS said.
Digital revenue, which contributed 19.7 percent to total revenue, grew by 5.9 percent (in constant currency) in the quarter gone by.
TCS has been consolidating in a narrow range so far in the year 2017. It rose by about 6 percent compared to nearly 20 percent rally seen in the S&P BSE Sensex.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Godrej Consumer Products, JSW Steel and L&T Finance Holdings and can sell Bharti Airtel and Cummins India.
The response has been sought from India's largest IT services company TCS in regard to an article on Businesstoday.in on October 05, 2017 titled "Massive data breach hits 6,000 Indian organisations including govt offices, banks: Quick Heal," TCS said in a filing to the Bombay Stock Exchange.
Amit Gupta of ICICIdirect advises buying Motherson Sumi Systems and Tata Consultancy Services.
Epic had accused TCS employees of "brazenly stealing trade secrets, confidential information, documents and data", and using this to build its own healthcare system
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Torrent Pharma and Tata Consultancy Services and can sell Zee Entertainment Enterprises.
"Under the terms of this agreement, Diligenta will support Scottish Widows to provide end-to-end policy administration services for its 4 million heritage customers," TCS said in a statement.
Edelweiss is recommended hold rating on Tata Consultancy Services with a target price of Rs 2315 in its research report dated September 18, 2017.
Goldman Sachs expects stable pricing trends with neutral ratings on TCS and Infosys while it has downgraded Wipro from neutral to sell.
During the afternoon trade, the market capitalisation (m-cap) of HDFC Bank stood at Rs 4,73,530.72 crore, which was Rs 797.4 crore more than TCS' Rs 4,72,733.32 crore valuation.
Amit Gupta, Head-Derivatives at ICICIdirect is of the view that one can buy NTPC, UltraTech Cement and Colgate Palmolive (India) and short Tata Consultancy Services.
TCS is trying to build a new brand that is distant and far apart from its traditional model
IShaat Hussain had served as interim Chairman at TCS from November last year amid the boardroom battle between Tata Sons and Cyrus Mistry.
Mitessh Thakkar of miteshthacker.com advises buying Indiabulls Real Estate and Sun TV Network.
According to Rajat Bose of rajatkbose.com, one may stay invested in Tata Consultancy Services.
Ashu Madan of Religare Securities is of the view that one may exit Tata Consultancy Services.
Mitessh Thakkar of miteshthacker.com recommends buying Tata Consultancy Services and Bharat Electronics.
According to Prakash Gaba of prakashgaba.com, crucial support for the Nifty is at 9780-9750 and the resistance is at 9911-9965. Bank Nifty on the other hand has support at 23750 and resistance at 24250. He has 3 buy calls including Ambuja Cements, Bharti Airtel and Kajaria Ceramics and a sole sell call on Fortis Healthcare.
The announcement comes close on the heels of the completion of a Rs 16,000 crore share buyback by rival Tata Consultancy Services (TCS).
Sudarshan Sukhani of s2analytics.com recommends buying Zee Entertainment, Tata Consultancy Services and NTPC and advises selling Jain Irrigation Systems and Castrol India.
According to Prakash Gaba of prakashgaba.com, rucial support for the Nifty is at 10000-9968 and the resistance is at 10149-10248-10536 and recommends buying BEML, Hero Moto, Hindustan Unilever and TCS.
According to Prakash Gaba of prakashgaba.com, the next logical technical target for the Nifty is at 9969. The crucial support for the Index is at 9792-9720 and the resistance is at 9969 while Bank Nifty has support at 24100 and resistance at 24300-24400.