Motilal Oswal
Buy TCS target of Rs 4220
Motilal Oswal
is bullish on
TCS recommended buy
rating on the stock with a
target price of Rs 4220
in its research report dated December 09, 2021
We are turning positive on the company given the strong growth potential. Our TP of
INR4,220
implies 30x FY24E EPS. We upgrade our rating to
Buy
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With Groww &
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1) strong organic capabilities
2) diverse vertical and geographic presence
3) deal win momentum
4) strong headcount additions.
TCS is among the best positioned companies to benefit from this structural spending uptick, and hence are upgrading the stock to Buy rating.
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