00 2 22042013 buy target price change inr40000 5

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Unformatted text preview: ge INR1,420.00 Page 37 7 January 2014 Software & Services Indian IT Services Historical recommendations and target price: Tata Consultancy (TCS.BO) (as of 1/6/2014) 2,500.00 Previous Recommendations 8 2,000.00 Strong Buy Buy Market Perform Underperform Not Rated Suspended Rating 7 Security Price 6 5 2 1,500.00 1 3 4 Current Recommendations Buy Hold Sell Not Rated Suspended Rating 1,000.00 500.00 0.00 Jan 12 *New Recommendation Structure as of September 9,2002 Apr 12 Jul 12 Oct 12 Jan 13 Date Apr 13 Jul 13 Oct 13 1. 12/07/2012: Buy, Target Price Change INR1,450.00 5. 08/07/2013: Buy, Target Price Change INR1,750.00 2. 17/09/2012: Buy, Target Price Change INR1,500.00 6. 18/07/2013: Buy, Target Price Change INR1,870.00 3. 22/10/2012: Buy, Target Price Change INR1,550.00 7. 26/08/2013: Buy, Target Price Change INR2,150.00 4. 14/01/2013: Buy, Target Price Change INR1,670.00 8. 15/10/2013: Buy, Target Price Change INR2,250.00 Equity rating key Buy: Based on a current 12- month view of total share-holder return (TSR = percentage change in share price from current price to projected target price plus pro-jected dividend yield ) , we recommend that investors buy the stock. Sell: Based on a current 12-month view of total shareholder return, we recommend that investors sell the stock Hold: We take a neutral view on the stock 12-months out and, based on this time horizon, do not recommend either a Buy or Sell. Notes: Equity rating dispersion and banking relationships 450 400 350 300 250 200 150 100 50 0 56 % 37 % 27 % Buy 22 % Hold Companies Covered 8% 12 % Sell Cos. w/ Banking Relationship Asia-Pacific Universe 1. Newly issued research recommendations and target prices always supersede previously published research. 2. Ratings definitions prior to 27 January, 2007 were: Buy: Expected total return (including dividends) of 10% or more over a 12-month period Hold: Expected total return (including dividends) between -10% and 10% over a 12month period Sell: Expected total return (including dividends...
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This document was uploaded on 02/06/2014.

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