Upside in TCS pretty much limited: Aniruddha Mehta, IIFL

In a chat with ET Now, Aniruddha Mehta, Research Analyst (India Private Clients), IIFL, shares his views on TCS and HCL. Excerpts:

ET Now: Do you think stocks like TCS and HCL Tech could be a case of buy on rumours and sell on news?

Aniruddha Mehta: As I said, a lot of good news have been rightly priced in into the markets. I do not think really that it could be a case of buy on rumours.

ET Now: You were making the point as to how you think TCS will actually ease off today.

Aniruddha Mehta: Today there will be an initial positive reaction to the stock. The upside in the stock over a nine-month period is pretty much limited. We have a target price of around 1342 on the stock.