Short Term Buy Call For TCS

Short Term Buy Call For TCSTechnical analyst Rajesh Satpute has maintained 'buy' rating on Tata Consultancy Services Limited (TCS) stock.

The analyst said that the investors can buy the stock with a target of Rs 1240-1250.

The shares of the company, on April 13, closed at Rs 1208.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1247 and a low of Rs 708 on BSE.

Current EPS & P/E ratio stood at 43.15 and 27.51 respectively.

Tata Consultancy Services (TCS) will declare its fourth quarter outcomes on April 21.

Moreover, the country's biggest IT services exporter will also announce the results for the year ended March 31, 2011 on the same day.

The company's directors will assemble on April 21 to sanction and take on record the audited financial outcomes for the fourth quarter and year ended March 31, 2011.

In addition, the company's directors will also announce a final dividend for the same period under review.

After a quiet period for around six quarters, TCS is eyeing an uptick in the pricing in the existing financial year (2011-12).

A speedier revival in the US market and an overall optimistic biz atmosphere are said to be major causes for the projected upward correction in costs.