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Last Updated : Jan 15, 2019 11:39 AM IST | Source: Moneycontrol.com

Buy Tata Consultancy Services; target of Rs 2400: Sharekhan

Sharekhan recommended 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 January 10, 2019.

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Sharekhan's research report on Tata Consultancy Services


We remain positive on TCS given acceleration in deal wins with increasing TCVs, strong digital growth and acceleration in BFSI (management cited double-digit exit growth rate). A stable performance in a seasonally weak quarter; Revenue growth was driven by strong digital revenue growth and continued growth in BFSI and retail. Management remains optimistic to deliver double-digit CC growth in FY2019, led by strong performance in BFSI and ramp-up of large deal wins.


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 Jan 11, 2019 03:55 pm
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