Short Term Buy Call For TCS

Short Term Buy Call For TCSTechnical analyst Rahul Mohinder has maintained 'buy' rating on Tata Consultancy Services Limited (TCS) stock with a short term target of Rs 1145.

Mr. Singhvi said that the investors can buy the stock with a stop loss of Rs 1095.

The shares of the company, on March 16, closed at Rs 1115.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1221 and a low of Rs 708 on BSE.

Current EPS & P/E ratio stood at 43.15 and 25.52 respectively.

India's biggest software company Tata Consultancy Services (TCS) announced that it has pocketed a multi-million dollar IT infrastructure contract from Royal Haskoning.

The project's scope comprehends nonstop IT infrastructure services from TCS' worldwide delivery centres in the Hungary, Netherlands and India.

The services comprise a multi-lingual service desk, data centre hosting and administration, customer computing services, application back up services and transmutation solutions.

But it didn't say anything regarding the accurate sum of money involved in the transaction.

Royal Haskoning Chief Information Officer, Mr Eric Overvoorde stated, "Royal Haskoning is planning to grow, not only in our existing home countries, but also across emerging markets. We face interesting new challenges and consistent experience of service delivery is essential for us to be successful. TCS' delivery model will give our company the necessary support."

Set up in the Netherlands in the year 1881, Dutch technical consultancy firm Royal Haskoning has presence in 17 nations with more than 3,900 employees and 57 offices.

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