Buy TCS With Stop Loss Of Rs 845
Stock market analyst Rahul Mohinder has maintained 'buy' rating on Tata Consultancy Services (TCS) Ltd stock with targets of Rs 872 and 900.
According to analyst, the investors can buy the stock at Rs 850 with stop loss of Rs 845.
Today, the stock opened at Rs 851.40 on the Bombay Stock Exchange (BSE).
Current EPS & P/E ratio stood at 37.67 and 22.65 respectively.
The share price has seen a 52-week high of Rs 858.90 a low of Rs 435.55 on BSE.
Tata Consultancy Services' (TCS) presentation during the quarter ended June 2010 reiterates the company's potential to take advantage of the steady recovery in the demand for IT services and solutions in the US as well as Asian markets.
In addition, Tata Consultancy Services (TCS) has commenced its functioning in Lima with the beginning of new office in the country.
Peru, which is viewed as one of the fast budding financial systems, has a huge market for IT and BPO sections.
Country Head of Peru, Chile and Ecuador, Alejandro Valenzuela said, "Our economy has seen one of the most outstanding growths of the region and it demands BPO and IT services rendered by TCS, like any other parts of Latin America."
TCS has headquarters in Mumbai and offers up IT and BPO services.