Jitendra Panda of Peerless Securities told CNBC-TV18, "In the last one month Tata Consultancy Services (TCS) has done only 6-8 percent upside. I have a buy in TCS at 2300 Call at Rs 37 and sell the 2400 Call at Rs 14. I do not expect a big movement from the current levels but our risk is only Rs 23, keep a stoploss of Rs 15. Any upside on Infosys will rub-off on TCS also and we could see a target of Rs 40 on TCS."
At 13:51 hrs Tata Consultancy Services was quoting at Rs 2,242.50, up Rs 9.50, or 0.43 percent. It has touched an intraday high of Rs 2,250 and an intraday low of Rs 2,223.
The share touched its 52-week high Rs 2,258.05 and 52-week low Rs 1,281.80 on 15 October, 2013 and 10 January, 2013, respectively. Currently, it is trading 0.69 percent below its 52-week high and 74.95 percent above its 52-week low. Market capitalisation stands at Rs 439,244.75 crore.
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