Stock Review: TATA CONSULTANCY SERVICES

The country's largest IT exporter has shown a sharp recovery in its business volumes in the past three quarters. Among the top IT pack, TCS has so far gained the most from the recovery in the global IT demand. The company reported a growth in single higher digits in the first half of the current fiscal. According to research agency Forrester, the US IT outsourcing is likely to rise by 6.8% in 2011 from 2.6% growth in 2010. Also, IT consulting is expected to grow at twice the speed in 2011. Given its global delivery model and the brand recognition it enjoys in the global market, TCS is likely to emerge as a leading beneficiary of the recovery.