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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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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