Buy TCS, target price Rs 5,000: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends buying Tata Consultancy Services (TCS) with a target price of Rs 5,000. TCS's latest quarter showed a slight income increase and a significant net profit. They expect tech spend recovery and strong deal closures to support growth. Promoters hold 71.77% stake while FIIs own 12.66%. They maintain their BUY rating.
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