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Last Updated : Jul 10, 2019 11:31 AM IST | Source: Moneycontrol.com

Buy Tata Consultancy Services; target of Rs 2300: Sharekhan

Sharekhan is bullish on Tata Consultancy Services has recommended buy rating on the stock with a target price of Rs 2300 in its research report dated July 09, 2019.

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Sharekhan's research report on Tata Consultancy Services


We remain positive on TCS, given strong deal wins with increasing TCVs, healthy deal pipeline and robust digital growth. TCS reported lower-than-expected CC revenue growth of 10.6% y-o-y; however, margins remained a tad below our estimates. Digital, with an annual run-rate of $7 billion+, continued to show strong growth momentum, grew by 42.1% y-o-y.


Outlook


We maintain our Buy rating on TCS with an unchanged PT of Rs. 2,300.


For all recommendations report, click here


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First Published on Jul 10, 2019 11:31 am
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