The leading IT firm of India, Tata Consultancy Services has been rated as a market performer by the Karvy Stock Broking Agency. In its April 2010 research report, the Stock Broking firm has informed that the share price of the company may go up in near future.

It has expected that the stock may touch an impressive level of Rs. 880. Moreover, TCS has already published its financial report for the fiscal year 2010.

As per the report, the company's performance has been outstanding in terms of net profit and revenue. It has also out-performed some of the IT biggies of the country like Infosys and Wipro. The growth volume has been extraordinary. It was around 18-20% in the fiscal.

Apart from that, according to Karvy officials, the company has been exceptional in terms of revenues and profitability. The investors can rely on such portfolios. The significant growth record of the company has made them to offer a market performer rating to TCS. Performance like TCS indicates the IT sector recovery in the country.