External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<p>Our target price of INR 4,180 is based on 32x Dec-23E EPS with EPS CAGR of 14% over FY21-24E. Tata Consultancy Services: We maintain ADD on TCS despite a slight miss on revenue and margin, supported by healthy deal wins (book-to-bill of 1.2x was similar to Accenture outsourcing). TCS continues to witness strength in its core business segment and has bagged higher mid-sized deals spread across verticals. We expect the growth to continue, supported by (1) strong demand environment, led by a secular shift to cloud, (2) growth pick-up in Europe, led by BFSI, (3) continued strong deal wins in retail &amp; CPG vertical and recovery in manufacturing, and (4) +25% YoY (excluding mega-deal) growth in TCV, led by TCS Cognix.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Our target price of INR 4,180 is based on 32x Dec-23E EPS with EPS CAGR of 14% over FY21-24E. Tata Consultancy Services: We maintain ADD on TCS despite a slight miss on revenue and margin, supported by healthy deal wins (book-to-bill of 1.2x was similar to Accenture outsourcing). TCS continues to witness strength in its core business segment and has bagged higher mid-sized deals spread across verticals. We expect the growth to continue, supported by (1) strong demand environment, led by a secular shift to cloud, (2) growth pick-up in Europe, led by BFSI, (3) continued strong deal wins in retail &amp; CPG vertical and recovery in manufacturing, and (4) +25% YoY (excluding mega-deal) growth in TCV, led by TCS Cognix.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HSIE Results Daily: Tata Consultancy Services

Tata Consultancy Svcs

HSIE Results Daily: Tata Consultancy Services