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.
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.
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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