Do you have the Tata group IT major in your investment portfolio? Here's what analysts make of Tata Consultancy Services (TCS) shares now.
The brokerage has raised its target for TCS shares to Rs 5,740 from Rs 4,750.
According to Macquarie, although TCS spends only 1-1.2% of its revenue on R&D every year, it is a large figure.
The brokerage has added TCS to its list of marquee ideas.
The brokerage has added TCS to its list of marquee ideas.
The market wizard believes that with fears of a recession in the world's largest economy now behind, IT stocks such as TCS are poised to jump.
The market guru suggests buying TCS futures for targets of Rs 4,530, Rs 4,555 and Rs 4,585 with a stop loss at Rs 4,440.