TCS bags deal from DNB, Norway's largest financial group - Angel Broking

TCS announced that the company has been selected by DNB to drive the company's strategic transformation by leveraging information technology. It is a six year multi-million Euro contract which comprises delivery of application maintenance and development services across DNB's IT portfolio, spanning channels, core-banking and master data areas. The agreement comes as part of DNB's strategic vision to rank amongst Europe's most efficient digital banks.

We continue to remain positive on TCS but owing to recent sharp run up in the stock price, we maintain our Neutral rating on the stock.

Source : Equity Bulls

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