Tata Consultancy Services532540IT services
Gautam Trivedi said Napean Capital bought into TCS about three weeks ago, citing a 55% stock correction and attractive valuation ahead of the IT sector rally
By ScoutQuest · · 1 min read
- TCS stock correction
- 55 percent
- IT index rally
- 20 percent
- TCS valuation multiple
- 13 times
Heard on business television between 09:28:25 - 09:31:25 IST.
- Trivedi said the IT index has risen almost 20% in the last two weeks, a move he initially planned to ignore given a five-year wait for an IT sector turnaround.
- He disclosed Napean Capital bought TCS about three weeks ago, a bit earlier than ideal, but is now doing well on the position before the company's results.
- He said they chose TCS because the stock had corrected 55% over the last three years and is now trading at 13 times (earnings, cut off mid-sentence).
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The call above is Gautam Trivedi, Napean Capital's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.