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TCS Q1 Res...
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Bloomberg Quint

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Image Credit: Bloomberg Quint

TCS Q1 Results Review — 'Buy' The Stock Maintains Systematix On Robust Pipeline, Compelling Valuations

  • TCS reported revenue decline in Q1 due to the ramp-down in the BSNL deal.
  • Systematix Institutional Equities reaffirms 'Buy' rating on TCS stock citing robust pipeline and compelling valuations.
  • TCS has consistently gained market share across tech shifts supported by its diversified service mix, client trust, and domain expertise.
  • At a 23.6x 1-year forward multiple, TCS trades at a 4% discount to its average 10-year historical valuation.

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