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Last Updated : Apr 15, 2019 04:05 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 April 12, 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, robust digital growth and strong demand commentary. TCS reported higher-than-expected CC revenue growth of 2.4% q-o-q/12.7% y-o-y; however, margins missed our estimates. Management has alluded at continuing of growth momentum in FY2020E despite macro challenges.

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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 Apr 15, 2019 04:05 pm
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