TCS - Diwali Picks 2012 - Kotak

CMP - Rs.1329, Current TP - Rs.1460

- The management has maintained its optimism of beating NASSCOM's target growth rate of 11% - 14% (USD terms) in FY13 in CC terms and has also maintained an optimistic macro outlook.

- TCS' revenue growth in the past few quarters has been better than Infosys and it has been able to restrict impact on margins.

- Stock is available at about 18x FY14 estimates.

Source : Equity Bulls

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