TCS gaining market share on strong leadership, strategy: BofA

Bank of America-Merrill Lynch said that Tata Consultancy Services is gaining market share across its service line and geography

hidden August 28, 2012 12:43:18 IST
TCS gaining market share on strong leadership, strategy: BofA

Bank of America-Merrill Lynch said that Tata Consultancy Services is gaining market share across its service line and geography.

TCS gaining market share on strong leadership strategy BofA

The investment bank thus reiterates its above-consensus earnings estimates and "buy" rating. Reuters

The investment bank thus reiterated its above-consensus earnings estimates and "buy" rating.

BofA-ML has said that TCS is gaining market share thanks to "strong client relationships" and "rapidly growing brand power and agility."

The investment bank also cited confidence on "strong leadership" and TCS' "promising" strategy of tapping volume in sectors such as IT infrastructure management services as well as investing in platforms that "demonstrate its domain expertise."

Shares in TCS last up 1.6 percent at Rs 1340 on BSE at 1:17 PM

Reuters

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