Sell TCS
Stock market analyst Mitesh Thacker is of the view that investors can sell Larsen & Toubro Ltd (L&T) stock in today's session with a target between Rs 730-710.
According to him, the investors can sell the stock with a stoploss of Rs 785.
If the stock fell below Rs 702, it may see more weakness.
Today, the stock opened at Rs 761 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 844 and a low of Rs 300 on BSE.
Current EPS & P/E ratio stood at 32.36 and 23.29 respectively.
Tata Consultancy Services said its net profit surged 50.1% to Rs 2,001 crore for the three month period ended March 31, 2010.
The company's revenues from the operations for the fourth quarter stood at Rs 7,738 crore, up 8% as against the same period previous fiscal.
TCS has announced a final dividend of Rs 4 and a special dividend of Rs 10 on equity share of Rs 1 each of the company for authorization by the stockholders.
For the fiscal ended March 31, 2010, TCS recorded a consolidated net profit of 7,000.64 crore, up 33.18% as against to last year.
TCS chief Natarajan Chandrasekaran has been ranked as best chief executive officer in India by the FinanceAsia magazine.
The publication has named Mr. Chandrasekaran as best CEO based on a survey of over 300 investors and analysts in Asia.