Hold TCS With Target Of Rs 810
Stock market analyst Ashwani Gujral is of the view that investors can buy Tata Consultancy Services Ltd stock to achieve a short term target of Rs 810.
Mr. Gujral said that the interested investors can buy the stock with stop loss of Rs 750.
Today, the shares of the company opened at Rs 771.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 844 and a low of Rs 360 on BSE.
Current EPS & P/E ratio stood at 32.36 and 23.70 respectively.
On June 16, Tata Consultancy Services (TCS) inked a multi year outsourcing agreement with Telenor Norway.
The deal consists of application maintenance and growth services and will include a up-gradation of `Telenor Norway's application portfolio across its OSS, fixed, mobile, data warehouse and accounting system domains.
Ragnar Karhus, chief executive officer (CEO), Telenor Norway stated, "By implementing this measure we are making the necessary adaptations to provide our customers with improved and more innovative services in relation to capacity, speed ans stability, as well as better quality in both voice and data, and to facilitate current demands for accessibility."
On June 15, TCS and Xynteo made announcement about a collaboration to jointly set up solutions for a low -carbon economic system.
At first, these solutions will be made and deployed in the Nordic market.