Buy Tata Consultancy Services Ltd., target Rs 2450: Reliance Securities
TCS is a low beta stock (0.96) and is trading well below its 50-day, 100-day and 200-day moving average of Rs 2548, Rs 2466 and Rs 2451, respectively
The stock has gained 1 per cent so far in the calendar year 2016. The stock is looking bullish on the charts.
TCS is a low beta stock (0.96) and is trading well below its 50-day, 100-day and 200-day moving average of Rs 2548, Rs 2466 and Rs 2451, respectively, as per data collated by ETMarkets.com. The stock is trading with a P/E of 21.04 and P/B of 7.52.
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