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    HomeNewsBusinessStocksBuy Tata Consultancy Services; target of Rs 2400: Sharekhan

    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.

    Broker Research
    December 11, 2018 / 15:48 IST
       
       
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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 hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      Broker Research
      first published: Dec 11, 2018 03:48 pm

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