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TCS at record high after results, should you bet in stocks or wait now

Shehnaz by Shehnaz
October 8, 2020
in Money
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TCS's market cap crosses 11 lakh crore for the first time, second company after RIL, shares at record highs
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Should You Buy TCS: The shares of TCS, the largest IT company in the country, are witnessing a spectacular boom today.

Should You Buy TCS: 

Today, the shares of the country’s largest IT company TCS are seeing a great boom. In today’s business, the stock has risen nearly 5 per cent to reach a price of Rs 2877.90. This is a 1-year record high for the stock. The stock closed at Rs 2736 on Wednesday. Today it opened at a price of Rs 2800. In fact, the company has made a profit of Rs 7,475 crore in the second quarter, which is 6.7 percent higher on a quarterly basis. At the same time, revenue has increased by 4.73 percent to Rs 40135 crore.

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Talking about experts and brokerage houses, after the TCS results, some are looking positive on the stock. At the same time, some have put a neutral rating on it. According to experts, TCS has performed better in the second quarter on revenue growth. Revenue grew 4.8 percent on a quarterly basis. Expansion of 260bp has been seen in EBIT margin. The company achieved a deal of $ 860 million in the second quarter, strengthening the orderbook. The company is also in a better position in terms of cash. Despite the challenges, the company is getting success in increasing market share. However, the valuation of the stock is still high.

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Opinion of veteran brokerage houses on TCS

Sharekhan

Brokerage house Sharekhan has given a Buy rating in the stock of TCS. The brokerage has set a target of Rs 3,150 for the stock. The stock closed at Rs 2736 on Wednesday. That is, you can get a growth of Rs 414 in the stock.

Motilal Oswal

Brokerage house Motilal Oswal has given Neutral rating in TCS stock. The brokerage has set a target of Rs 2900 for the stock. The stock closed at Rs 2736 on Wednesday. That is, 6 percent growth can be achieved in the stock.

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Centrum

Brokerage House Centrum rated Add on TCS. The brokerage has set a target of Rs 2970 for the stock. Growth has been seen in the company’s BFSI, Retail, Life Science which will continue even further. The company’s margins continue to improve.

Prabhudas Liladhar

Brokerage house Prabhudas Liladhar has given a Buy rating on TCS. The brokerage has set a target of Rs 3200 for the stock. The stock closed at Rs 2736 on Wednesday. In this sense, the stock can get growth of Rs 464.

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CITI

Brokerage house CITI has a Sell rating on TCS. The target for the stock has been fixed at Rs 2350. According to the report, the stock may be under pressure in the short term. The stock has already gained a lot.

(Note: We have given information here based on the performance of the company and the report of the brokerage house. Seeing the risk of the market, take the opinion of the expert before investing.)

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Source: www.financialexpress.com

#TCS #record #high #results #bet #stocks #wait

Tags: brokerage comments on tcsbuy tcs or sellexperts view on tcsit companyshould you buy tcstata consultancytcstcs buybacktcs profittcs revenuetcs stockstcs stocks rose after q2
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Shehnaz

Shehnaz

Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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