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Positive on TCS for long-term, says Ambareesh Baliga

Updated : July 11, 2018 16:53:40 IST

Positive on Tata Consultancy Services (TCS) after the information technology major posted Rs 7,340 crore consolidated net profit for the first quarter of fiscal 2018-19, said Ambareesh Baliga, independent market expert.

In an interview to CNBC-TV18, Baliga said if one can hold TCS shares for the next one and a half to two years, Rs 1,900-2,000 can easily give you Rs 2,600-2,700 if not more.

"It's a clear no-brainer. Just pick up TCS and forget it. Pick up now and if you have, hold on," Baliga said.

Speaking about the fertiliser stocks, Baliga said, "Normally, during the monsoons, you start seeing fertiliser stocks starting to move. That is one of the reasons why you are seeing some sort of a move in Rashtriya Chemicals & Fertilizers (RCF). However, there is nothing really major which I have heard because of which it should start moving."

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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