TCS can move to Rs 1230-1240: Thukral

TCS can move to Rs 1230-1240, says Hemant Thukral, SBI Capital Securities.

Thukral told CNBC-TV18, "Out of TCS and IDFC, I would go long in TCS because the one side of the market, see whenever banking and auto have been in pressure in past, we have seen some defensive buying coming back in IT stocks and on last week TCS saw some long build up week on week basis and delivery based buying was also good, so I think TCS has more room to go upto Rs 1230-1240.