Why Goldman Sachs is bullish on TCS, HCL Tech

TCS may become an $85 billion giant while HCL Tech's market capitalization is likely to double by fiscal year 2017 according to a report on Indian tech companies by Goldman Sachs. HCL Tech is India's fourth largest IT software services exporter. Goldman's optimism had little effect on HCL Tech shares, which traded lower in a flat market on Friday. That's because of a broad selloff in IT stocks since New Jersey-based Cognizant's ...