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Buy TCS (Tata Consultancy Services)

Tata Consultancy Services

Cluster: Evergreen

Recommendation: Buy

Price target: Rs1,250

Current market price: Rs900

Deal flow continues
Tata Consultancy Services (TCS) announced that it has signed a new multi-year contract with Chrysler LLC. TCS will deliver IT application and maintenance support services to Chrysler LLC from various locations around the world. This will be in addition to the ~US$120 million deal the company has signed with Chrysler LLC in February 2008

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