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datepuru
Jan 2, 2020 1:05 PM

TCS - Sideways for longer duration - Reasons?  

TATA CONSULTANCY SNSE

Description

It is quite intriguing to see TCS price movement. Current Market Price at 2157 was achieved several times in the past since October 2018. TCS has everything going its way. Revenue growth at 9% CAGR over last 5 years. Decent RoE and RoCE. Strong Cash Flow - A hallmark of every top IT company. Yet, stock price is oscillating in a range. What could be the reasons?

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