Accumulate TCS, target Rs 2750: Sacchitanand Uttekar

Sacchitanand Uttekar of Motilal Oswal Financial Services told CNBC-TV18, "Tata Consultancy Services (TCS) is a relative outperformer. The stock is trading very much stable around the Rs 2,500-2,550 mark. So this is a good support where one can look into the counter and accumulate the stock with a stop loss of Rs 2,480 on the lower side. On the higher side Rs 2,750 is the target that we are eyeing. It has been oscillating within this particular range for the last four months. The higher side of the range is resting around Rs 2,750."At 14:48 hrs Tata Consultancy Services was quoting at Rs 2,546, down Rs 4.75, or 0.19 percent. It has touched an intraday high of Rs 2,558 and an intraday low of Rs 2,536.