Motilal Oswal
    NIFTY 50
Motilal Oswal

Buy TCS closer to Rs 1,800, says Prakash Diwan

Updated : January 11, 2019 06:07 PM IST

Stock market guru, Prakash Diwan, on Friday said Tata Consultancy Services (TCS) is a buy closer to Rs 1,800.

"At a price, everything looks good and TCS seems to be moving towards that very rapidly,” Diwan said.

Speaking about IndusInd Bank, he said, “The concern with the bank numbers has seen the slowdown in growth. Going forward, FY19-20, probably the numbers in earnings itself could miss estimates. So that is a little bit of a concern. If there is a pickup on the commercial vehicle cycle and the Bharat Financial Inclusion business starts contributing significantly, it could probably be ignored or left sideways."
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