Please Share::
India Equity Research Reports, IPO and Stock NewsVisit http://indiaer.blogspot.com/ for complete details �� ��
TCS pioneered the IT services outsourcing business from India and is the largest IT service firm in the country.
It is a leader in most service offerings and is in the process of further consolidating its leadership position
through the organic and inorganic route as well by winning large deals.
TCS has consistently increased its market share amongst the top 5 Indian outsourcers with market share in
terms of revenues increasing from 29.2% in the March 2009 quarter to 30.3% in the September 2011 quarter.
We continue to like TCS amongst the offshore IT vendors on account of its mammoth scale of operations and
resilient cost model that allows it to withstand headwinds in the sector. On the other hand, at the current
juncture TCS is well placed to garner incremental deals in the sector with the organisational structure in
place, unlike Wipro and Infosys that are going through a phase of organisational restructuring.
At the current market price the stock trades at 20.4x and 17.6x its FY2012E and FY2013E earnings respectively.
We have a Buy recommendation on the stock with a price target of Rs1,250.
See entire list of 10 companies and details: click link below:
No comments:
Post a Comment