Technical Analyst, Rahul Mohindar of Viratechindia is of the view that investors can buy Tata Consultancy Services (TCS) stock to achieve a short term target that lies between Rs 1020-1030.
According to Mr. Mohidar, interested investors can purchase the stock on declines with a strict stop loss of Rs 925.
Shares of the company, on Tuesdaay (May 27), closed at Rs 966.60 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 410209. Current EPS and P/E stood at 46.07 and 21.36 respectively. The share price has seen a 52-week high of Rs 1254 and a low of Rs 730 on BSE.