TCS performance strong but keep eye on verticals and outlook: Omkar Tanksale

Omkar Tanksale, Equity Research Analyst, Axis Securities, says “there are definitely uncertainties lagging the growth drivers on the laggard part but TCS is likely to cope up. But still, it is very important to watch out for the vertical commentary and outlook.”


Our experts believe that TCS stock is likely to open very strong on Monday and there could be a further re-rating. Is that what you are planning to do with your estimates?
Omkar Tanksale: Yes, I mean definitely it looks to be strong and in terms of execution capabilities that TCS has always been showing off, that is why they are also demanding the premium in terms of valuations.

I believe it is more of sorting out the clients and your engagement with the clients and how they ramp up the deals in the challenging times that decides the services part and TCS is doing good.

I have always been optimistic about the technology driven stocks and TCS specifically and in terms of the demand scenario, I believe the deal pipeline has already been shown that there is still demand.

There are definitely uncertainties lagging the growth drivers on the laggard part but TCS is likely to cope up. But still, it is very important to watch out for the vertical commentary and outlook.