One should hold TCS for long term, says Kunal Bothra of LKP.
Bothra told CNBC-TV18, "If you compared TCS, Wipro and Infosys in terms of technicals, TCS is way above its 200 DMA. It is one of the stronger performing stocks. The volumes also have been very good; the price action has been good."
He further added, "If you are looking at the strength or taking a contra view on the market, I think TCS is one stock which one should hold on to long because if the market tries to break that resistance, starts a minor uptrend also these frontline stocks like TCS would give you major upside."
The company's trailing 12-month (TTM) EPS was at Rs 38.68 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 30.43. The latest book value of the company is Rs 99.53 per share. At current value, the price-to-book value of the company was 11.83. The dividend yield of the company was 1.19%.
Disclosure: No personal holdings on the above stocks but at LKP we keep recommending it to our clients.
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