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Last Updated : Sep 20, 2018 04:55 PM IST | Source:

Buy TCS; target of Rs 2400: Sharekhan

Sharekhan bullish on TCS has recommended buy rating on the stock with a target price of Rs 2400 in its research report dated September 19, 2018.

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Sharekhan's research report on TCS

TCS is on track to achieve double-digit CC revenue growth in FY2019, given large deal ramp-ups, improving economy in developed markets and rupee depreciation. TCS is expected to deliver strong growth rates among its peers with revenue and earnings CAGRs of 13% and 14%, respectively, over FY2018-FY2021E.


We maintain our Buy rating on TCS with a revised PT of Rs. 2,400, led by earnings upgrade (rupee reset) and rollover of target multiple to average FY2020/FY2021E earnings.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

First Published on Sep 20, 2018 04:55 pm
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