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TCS posted profit of 1642 cr in Q2 is it good enough to support further stock price appreciation ?

hbjcapital's picture
Submitted by hbjcapital on October 16, 2009 - 23:26

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Submitted by hbjcapital on October 16, 2009 - 23:29. #

Tata Consultancy Services (TCS) reported net profit of Rs 1,642 crore in the second quarter (July-September),up 29.17 per cent over the corresponding period last year.

The company posted a revenue of Rs 7,435 crore in the same period, up 6.93 per cent compared to the year-ago period.

Stock is currently trading at Rs 599. With mart cap of 117000 cr. That's a hefty price for a company generating less than 7000 cr in net profit per year.I think stock is fairly values and any appreciation beyond this is more risk .

 

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