IT - Software
IT - Software
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TCS is acquiring Porsche's IT consulting arm, MHP, for EUR 320mn, which is strategically important to deepen its presence in Germany and the European automotive ecosystem, although it may be mildly margin dilutive in the near term. We maintain our HOLD rating with a revised target price of Rs. 2,350, valued at 14x Sep 2028E EPS.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
