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Last Updated : Dec 11, 2018 03:48 PM IST | Source: Moneycontrol.com

Buy Tata Consultancy Services; target of Rs 2400: Sharekhan

Sharekhan is bullish on Tata Consultancy Services has recommended buy rating on the stock with a target price of Rs 2400 in its research report dated December 10, 2018.

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Sharekhan's research report on Tata Consultancy Services


TCS is on track to achieve double-digit CC revenue growth in FY2019E and in the next two years, given improved macro environment, strong orderbook and pipeline and higher digital spending by clients. TCS is well placed among IT outsourcing companies to capture large scale digital transformation deals. We expect TCS to report best-in-class growth rates among Indian/global large-cap stocks with revenue and earnings CAGRs of 13% and 14%, respectively, over FY2018-FY2021E.


Outlook


We maintain our Buy rating on TCS with an unchanged PT of Rs. 2,400.


For all recommendations report, click here


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First Published on Dec 11, 2018 03:48 pm
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