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TCS Q3 Results Review - Signs Of Optimism, Though Discretionary Demand Remains Challenged: ICICI Securities

We continue to value TCS at 25 times on Q5-Q8 EPS of Rs 155 to arrive at our revised target price Rs 3,872, with potential 4% upside. Maintain 'Hold'.

<div class="paragraphs"><p>TCS building. (Source: Company's official fb page)</p></div>
TCS building. (Source: Company's official fb page)
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