Rs 16,000-cr buyback not big enough to move the needle for TCS
There might be a 5-7% revision in price targets because we have already upgraded it a bit. We also need to see how 3Q, 4Q margins will be because the currency is appreciating and there are wage hikes as well, says Madhu Babu, analyst, Centrum Broking. The TCS buyback quantum is a little lower than … Read more