TCS may touch Rs 1900-2000: Sanjeev Agarwal

Jul 19, 2013, 04.13 PM IST

Sanjeev Agarwal, CEO of Dynamix Research & Capital Management feels that Tata Consultancy Services (TCS) reach Rs 1,900-2,000 in the next six months. "If the stock pulls back towards Rs 1,600-1,650 one can buy it," he adds.

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TCS may touch Rs 1900-2000: Sanjeev Agarwal

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Sanjeev Agarwal, CEO of Dynamix Research & Capital Management told CNBC-TV18, "We have been recommending Tata Consultancy Services (TCS) or any IT stock because we had seen that dollar is going to be very strong and only the first leg has played out till now. Actually this last move which was strong had culminated because we had seen a fifth way failure in dollar."

"All these IT stocks look very good, in terms of their revenues and they are going to benefit hugely. TCS has given a breakout above Rs 1,650 so any pullback towards Rs 1,600-1,650 will be a good buying point because I see that it may reach around Rs 1,900-2,000 very easily in next six months," Agarwal said.

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