INSUBCONTINENT EXCLUSIVE:
By Nupur AcharyaTata Consultancy Services Ltd
original poster child for software development
jumped over 25 percent this year, more than double the gain in Infosys
Jefferies in a post-earnings note said that the improved outlook for TCS has been factored into the share price, while Kotak Securities
consensus rating of 4.2 on a Bloomberg scale, where 5 is an unanimous buy
TCS has a score of 3.4.
Infosys Chief Executive Officer Salil Parekh said last week it was time to sacrifice profit margins by investing in
advanced technology and skills in order to capture the opportunities of the ahead
That includes pumping more money into technologies such as the Internet of Things, retraining staff and localizing its workforce in the U.S
The brokerage has an overweight recommendation on the stock.
