TCS stock quotes on 1ka10.com

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Buy TCS for target 1090 for few months with SL 730 now hurryyyyyyy

Buy TCS for target price of Rs 878. Though the Q1 FY09 performance of TCS was sedate, as expected, and business outlook remains challenging, the stock is likely to outperform in the short-term given the bleak expectations before the results. Over the last three months, TCS has significantly underperformed the sector especially vis-à-vis similar-sized peers, Infosys and Wipro, due to higher uncertainty about its Q1 FY09 performance.

India's largest IT exporter, Tata Consultancy Services, TCS has announced its Q1 results. It has posted consolidated net profit of Rs 1,243.6 crore for the quarter ended June 2008 as against Rs 1,255.9 crore in previous quarter, degrowth of 0.98% and revenues of Rs 6,411 crore versus Rs 6,094.7 crore (US GAAP), a growth of 5.2%. It EBITDA margin was up at 23.88% versus 25.47% The company has added 35 new clients, 8,982 new employees Its income from IT, Consultancy Services at Rs 6,098 crore. Its income from manufacturing equipment sales at Rs 313 crore. Its salaries, wage costs at Rs 2,310 crore. The company's overseas business expenditure at Rs 1,186 crore. North American operation contributed 51.1% of total revenues. Offshore operation contributed 41.15 of revenues. US, UK, Europe markets grew by 8%, QoQ. Cash, Liquid Investments cross USD 1 billion Traction in Manufacturing, Life Sciences, Retail operation aids growth