Moneycontrol PRO
UPCOMING EVENT:Learn how to add equities to your portfolio through ETFs. Don’t miss the webinar on Oct 19, 11.30am. Register Now!

Hold TCS, says Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that one may hold Tata Consultancy Services.

August 18, 2017 / 03:36 PM IST
TCS | The IT major will release its March quarter scorecard on April 16. Industry experts and brokerages expect the IT major to release a subdued set of numbers. The estimates of Kotak Institutional Equities show TCS' CC (constant currency) revenue growth of 0.6 percent QoQ and 4.9 percent YoY.
TCS | The IT major will release its March quarter scorecard on April 16. Industry experts and brokerages expect the IT major to release a subdued set of numbers. The estimates of Kotak Institutional Equities show TCS' CC (constant currency) revenue growth of 0.6 percent QoQ and 4.9 percent YoY.

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I would say hold on Tata Consultancy Services (TCS) and have a stoploss below Rs 2,550. If that goes, exit TCS. Maybe if Infosys falls down, maybe people will see value there."

At 15:25 hrs Tata Consultancy Services was quoting at Rs 2,515, up Rs 34.85, or 1.41 percent on the BSE.

The share touched its 52-week high Rs 2,707.40 and 52-week low Rs 2,054.70 on 06 June, 2017 and 15 November, 2016, respectively.
first published: Aug 18, 2017 03:36 pm
Sections
ISO 27001 - BSI Assurance Mark