Ankur Rudra of Ambit Capital recommends buying TCS, despite the management lowering its estimates on the revenues and margins.
Polaris has been a very painful stock for investors and one should look at exiting the company at the current levels, says Ankur Rudra of Ambit Capital.
Speaking to CNBC-TV18's Reema Tendular and Anuj Singhal, Rudra says the market expects some value to be unlocked through its demerger plans , but that doesn't change the company's business reality.
"We are pessimistic on the company's services business. It hasn't grown much. Furthermore, its product business continues to be a challenge as it hasn't generated free cash flows yet," says Rudra, recommending a sell on the stock.
Additionally, Rudra recommends buying TCS , despite the management lowering its estimates on the revenues and margins.
"We expect TCS to grow the most once recovery returns. It will also be benefited by growth in Europe. Besides, the revision is only for Q4 and the company is poised to do well in Q1. Q2 FY15," highlights Rudra.
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