INSUBCONTINENT EXCLUSIVE:
Kotak Securities has maintained its reduce rating on TCS in the long term with a target price of Rs 2,020
The stock ended flat at Rs 2,218 on Friday while the BSE Sensesex closed 12.81 points (0.03%) up at 41,945.37.
Company FinancialsFor the
quarter ended 31-12-2019, the company has reported consolidated sales of Rs 39854.00 crore
The company has reported net profit after tax of Rs 8143.00 crore in the latest quarter
The company’s top management includes
As on 31-12-2019, the company has a total of 3,752,384,706 shares outstanding
Investment RationaleBacked by breadth of offerings, leadership across markets, digital competencies and new market expansion, TCS will
continue to gain market share, according to the brokerage
The current price is, however, expensive with the stock trading at peak multiple in a moderating demand environment that does not make for a
good stock return recipe, said the brokerage.