TCS can outperform in IT sector: Devang Mehta

TCS can be an outperformer in the IT sector, says Devang Mehta, Vice President & Head - Equity Sales, Anand Rathi Financial Services.

Mehta told CNBC-TV18, "I guess lot of clarity would be still awaited after the con call with the Infosys and on the face of it, looks like a disappointing set of numbers on all fronts on the margin front, revenue front, also on the guidance thing. So my take is that TCS henceforward can be an outperformer in the IT sector though lot of things would now depend upon the results that are going to be announced on 21st and HCL Tech which is coming with numbers on 20th of April. So, these two would be crucial for the IT sector going forward."
TCS trailing 12-month (TTM) EPS was at Rs 35.06 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 34.40. The latest book value of the company is Rs 76.72 per share. At current value, the price-to-book value of the company was 15.72. The dividend yield of the company was 1.66%.