Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,921.50-96.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Hold Tata Consultancy Services, target Rs 1,720: JM Financial

Hold Tata Consultancy Services Ltd. at a price target of Rs 1720.

ETMarkets.com|
Jul 12, 2018, 12.42 PM IST
0Comments
ThinkStock Photos
TCS
The current market price of Tata Consultancy Services is Rs 1,974.50.
JM Financial has a hold call on Tata Consultancy Services with a target price of Rs 1,720.

The current market price of Tata Consultancy Services is Rs 1,974.50.

Time period given by the brokerage is one year when Tata Consultancy Services price can reach the defined target.

"We believe the improved demand outlook, plus superior market positioning of TCS, especially in integrated deals, is priced in the stock’s current valuations. Our revised target price of Rs 1,720 is based on a 19x target multiple (unchanged). We believe players with relatively cheaper valuations (INFO/HCLT/TECHM) are a better play on the generic demand recovery indicated by TCS results/commentary," JM Financial said in a report.
Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service