Is TCS a buy after Q1? Here’s what brokerages say
While ICICI Securities retained its ‘Buy’ stance on TCS shares, Axis Securities and Jefferies assigned ‘Hold’; Nomura and Morgan Stanley gave ‘Reduce’ and ‘Equal Weight’ ratings, respectively.
While ICICI Securities retained its ‘Buy’ stance on TCS shares, Axis Securities and Jefferies assigned ‘Hold’; Nomura and Morgan Stanley gave ‘Reduce’ and ‘Equal Weight’ ratings, respectively.
Quick commerce players offer the lowest discounts due to their focus on convenience.
On Friday, the PSU stock opened higher for the fourth straight session and gained as much as 5.47% to touch a fresh record high of ₹771.4 on the BSE.
Foodtech company Zomato Ltd approves allotment of 4.6 cr shares to employees at ₹1 apiece; Jefferies says ‘great case’ to buy
Jefferies has a 'buy' rating on Zomato with a target price of ₹100.
To calculate the Sensex target, Wood made two assumptions that include a 15% EPS growth and an earnings multiple of 19.4 which is also a five-year average.
According to a Jefferies research report, at an estimated valuation of $65 billion-$70 billion, the newly formed Jio Platform’s EV/Ebitda multiple could be ahead of Alibaba, Alphabet, and Apple.