-------- Forwarded Message --------
Subject: TCS: Ahead Of Q2 Result----Blood Bath Only Sustaining Below
2580-2550 Area For TGT Of 2490-2455; Otherwise Expect 2685-2770
Date: Tue, 13 Oct 2015 07:56:02 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
Analysts are expecting Q2FY16 PAT around Rs.6052 cr at 6.5% sequential
growth (YOY)
and Q2EPS at 30.50 at 5% QOQ growth
*CMP: 2592*
*
*
*Buy: 2580-2560*
*
*
*TGT: 2661-2685-2770 (T+5)*
*
*
*TGT:2840-2950-3150 (1-12M)*
*
*
*TGT: 3260-3450 (24M)*
*
*
*TSL<2540*
Note: Consecutive closing below 2540 for any reason, TCS can fall up to
2510-2490-2455-2435 area, where it nay be again accumulated for
investment purpose depending upon the Q2 result, guidance & other news low.
*Some key takeaways :*
Market is expecting some what steady earnings from TCS in Q2 lagged by
woes of Latin America & Japan market and in its insurance platform
business (Dilgenta-UK subsidiary), but supported by some decent revenue
growth for Q2 seasonal factor, recovery in client spending in US & EU.
Some cross currency headwinds effect may also be there in the Q2 result
for depreciation of AUD (due to Chinese currency devaluation), Real
(Brazil; commodity woes & political instability there). But EUR currency
headwinds may be lower in Q2 due to relatively stable EUR after Q1
Greece drama.
Energy & telecom business might be tepid due to structural weakness but
digital platform may give some support in Q2 and the subsequent
quarters. Also, crude is bottoming out, we may see sequential higher
spending by global oil giants and that may give some tailwinds for TCS
in the coming quarters.
Market will keenly watch digital revenue growth and overall guidance &
commentary for TCS apart from Q2 result.The stock under performed in the
last few months against its peers Infy due to lower than expected
earnings & guidance in Q1FY16.
Looking ahead, any major dips in TCS scrip due to result oriented
volatility might be an good opportunity for investors to accumulate it
for better operating leverages & margins, wider geographical reach of
its business, diversified software service portfolios & strong executions.
Also, due to relatively depreciated INR & growing/stable global
economics outlook (US/EU) and India's increasing "digital" thrust to
improve its IT infrastructure, all major players might be major
beneficiaries of that and TCS may also be one of them.
*
*
*As par BG metric & present market parameters:*
*Current median valuation of TCS may be around : 2490 (FY:15)*
*Projected fair valuations might be around: 2770-3085-3470 (FY:16-18)*
SCRIP EPS(TTM) BV(Act) P/E(AVG) Low High Median
200-DEMA 10-DEMA
TCS 101.34 258.51 23.5 2465.31 2504.38 2484.85
2552.09 2633.61
TCS 125.5 309.1 23.5 2743.49 2786.97 2765.23
2552.09 2633.61
TCS 155.95 369.25 23.5 3058.26 3106.72 3082.49
2552.09 2633.61
TCS 196.75 441.25 23.5 3435.10 3489.53 3462.32
2552.09 2633.61
*Analytical Charts:*
<http://1.bp.blogspot.com/-0fKjuk16Eiw/Vhxm3nSmAMI/AAAAAAAAEUU/0_4D2BJrcKY/s1600/TCS-12-10-2015.png>
<http://1.bp.blogspot.com/-0UOq74u3T8w/Vhxm5YrOGXI/AAAAAAAAEUc/hwgDkJ0w2VU/s1600/TCS-FIBB-12-10-2015.png>
<http://4.bp.blogspot.com/-URgJJ8kjlBQ/Vhxm6yGdT8I/AAAAAAAAEUk/9X-DgfUtRJ4/s1600/TCS-WK-12-10-2015.png>
<http://1.bp.blogspot.com/-Nx7Ny8tKU7k/Vhxm-RBVSoI/AAAAAAAAEUs/TPj9b_9MS58/s1600/TCS-PATTERN-12-10-2015.png>
<http://4.bp.blogspot.com/-40BDfdjwdFg/VhxnAGahkPI/AAAAAAAAEU0/V8DB69ogx1w/s1600/TCS-TL-RSI-12-10-2015.png>
<http://3.bp.blogspot.com/-FFVW8J5KbxM/VhxnDklnwoI/AAAAAAAAEU8/OfOLPXG9EUc/s1600/TCS-PATTERN-LT-12-10-2015.png>
-- Thanks & Regards, Asis Ghosh (asisghosh.blogspot.com) NCFM-TA Certified
--
Kindly email stock reports at
STOCKRESEARCHER@googlegroups.com
For sharing knowledge
-- NIFTYVIEWS.COM NOW A FREE OPEN SOURCE WEBSITE.
http://www.niftyviews.com/
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture.The administrator of
www.Niftyviews.com just provide a platform for the authors to express their opinion
and take no guarantee for the genuineness of the same."ANY member of this forum
doesnt prepare or publish any research report; or ii. provide research report; or
iii. make 'buy/sell/hold' recommendation; or iv. give price target;
---
You received this message because you are subscribed to the Google Groups "Niftyviews.com" group.
To unsubscribe from this group and stop receiving emails from it, send an email
to stockresearcher+unsubscr...@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
