Login To Trade  |  About IIFL
  • NIFTY  8532.85  111.05 1.32%
  • SENSEX 28114.56  409.21 1.48%

IIFL Institutional Equities recommends 'Reduce' on TCS

India Infoline News Service | Mumbai | December 11, 2012 14:41 IST

TCS has the highest exposure from BFSI (43% of its revenues) among Indian IT vendors

IIFL Institutional Equities, a part of the IIFL Group, one of the leading players in the Indian financial services space, recommends “Reduce” TCS. 

 

According to IIFL Institutional Equities report, our channel checks and commentary from other IT vendors during last week indicates a worse-than-expected environment for BFSI. TCS has the highest exposure from BFSI (43% of its revenues) among Indian IT vendors.

 

While we expect TCS to continue to witness the fastest growth, in a lacklustre demand environment, we see the gap in its growth rates versus other top vendors reducing in FY14/15, IIFL report stated.

 

Valuations are still at a high premium (20-40%) to other vendors. We expect them to moderate and see the stock price languishing. Downgrade to REDUCE, the brokerage added.

 

The report was published by IIFL’s Institutional Equities Research desk.

BSE 2,510 29.05 (1.17%)
NSE 2,510.75 30.10 (1.21%)

***Note: This is a NSE Chart


Turn your smartphone into a powerful mobile trading platform - Know more!!!

Read more on: IIFL  Institutional  Equities,Reduce,  TCS 
article
113110707942
IIFL Institutional Equities recommends 'Reduce' on TCS
IIFL Institutional Equities recommends 'Reduce' on TCS
TCS has the highest exposure from BFSI (43% of its revenues) among Indian IT vendors
http://www.indiainfoline.com/article/news-top-story/iifl-institutional-equities-recommends-reduce-on-tcs-113110707942_1.html
December 11, 2012 14:41 IST
http://content.indiainfoline.com/_media/iifl/img/article/default/glo_news.jpg
IIFL Institutional Equities,Reduce, TCS
Others
$rawVideoFileUrl$
$videoPlayerUrl$
Recent Reports

Revival some time away

India Infoline Research Team / 10:30, Jul 13, 2015

Tourism Finance Corp (TFCIL), a niche financier of tourism related projects and activities, has witnessed a sharp moderation in loan growth from 32% in FY12 to just 1% in FY14

News