BSE Code: | NSE Code: | ISIN: | Sector:

NSE
2587.90
Change Change %
4.00 0.15%

Updated:23 Oct, 2017, 15:57 PM IST

BSE
2585.95
Change Change %
5.00 0.19%

Updated:23 Oct, 2017, 15:53 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Edelweiss
N/A
19-09-2017 Hold 2498.30 2499.00
N/A
Target Hit Long (1Y)
19-09-2018

Edelweiss maintains hold on TCS

The absence of pick up in spending in BFSI is surprising given the rise in interest rates in the North American market and improving profits, particularly in the BFSI space. Stagnant new spends imply further delay in decision making and awarding of new deals. We believe, this coupled with continued pain in retail (although temporary) implies lower growth for the sector and in particular for TCS, Infosys and Wipro, which draw substantial portion of revenue from these segments. We will keenly monitor quarterly earnings & commentary and maintain that TCS is a dividend play until margin stabilises and demand environment improves in spite of its best-in-class execution.

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