“Neutral on TCS, noting that while its valuation at 13x FY27 price-to-earnings is undemanding after a 40% drop from its 52-week high, a significant re-rating of the stock would necessitate a visible acceleration in revenue growth, which remains elusive.”

Emkay Global Financial Services Analysis’s track record (trackable calls only): 3 graded calls · 95% CI 0–56%