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Bullish on TCS, see 30% upside in FY19

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We are bullish on Tata Consultancy Services and anticipate that daylight will return in this counter. We expect a 30 percent upside by FY19 end," says 
Akash Jain, Vice-president, Equity Research at Ajcon Global Services.

We are bullish on Tata Consultancy Services and anticipate that daylight will return in this counter. We expect a 30 percent upside by FY19 end.

After 12 quarters, TCS saw twofold digit development in dollar income in Q4FY18. The administration was sure of maintaining this development rate in the coming quarters. The outperformer among verticals was retail and purchaser items which posted a development of 6.4 percent on a consecutive premise. The fragment has been a slow poke in three of the last six quarters.

On a constant currency basis, the company posted a sequential growth 1.3 percent, largely driven by volumes (up 1.6 percent), even as it continues to face pricing pressures. It added 94 customers in the December-ended period. For More Information 
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  1. Pooja PariyaJuly 27, 2018 at 3:27 AM

    The Nikkei 225 is off 0.22% while the Hang Seng is down 0.11%. The Shanghai Composite is not trading.
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