TCS may go upto Rs 2700: Hitesh Shah

Hitesh Shah, IT Analyst at IDFC Securities told CNBC-TV18, "My target price on Tata Consultancy Services (TCS) is Rs 2700 which we set yesterday. Between Infosys and TCS I don't see significant differential in the returns that investors would make in calendar 2014."

"We saw TCS doing significantly better than Infosys in the first half of the last calendar and Infosys doing a little better than TCS in the second half of the calendar. But when it would come to CY14, I think there would not be a significant differential in return. Both these stocks would deliver a return between 20-25 percent for the full year," he added.

At 11:21 hrs Tata Consultancy Services was quoting at Rs 2,238, down Rs 113.35, or 4.82 percent.

The share touched its 52-week high Rs 2,384.20 and 52-week low Rs 1,323.45 on 14 January, 2014 and 23 January, 2013, respectively.