Growth acceleration thwarted by BFSI…: TCS’ 1QFY17 constant currency growth of 3.1% QoQ was marginally below our estimate of 3.9% QoQ. While the performance was broad-based, BFSI growth of 1.7% QoQ CC lagged remaining business, driven by an uncertain macro. TCS admitted that there is limited clarity on what impact Brexit could have going forward on BFSI. Motilal Oswal target price of INR2,650 discounts FY18 EPS by 17x, and implies 5% upside. Maintain Neutral.Trendlyne has 18 reports on TCS updated in the last year from 7 brokers with an average target of Rs 2709.7. Brokers have a rating for TCS with 6 price upgrades in past 6 months and 8 price upgrades,5 price downgrades,2 downgrades and 1 upgrades in past 1 Year.