TCS share price: After India\u2019s IT bellwether TCS reported Q2 results in-line with estimates, many brokerages have revised TCS share price target. TCS has reported quarterly results in line with estimates, as net profit came in 22.6% higher on year to Rs 7,901 crore, in the Jul-Sep quarter. The total revenues of TCS have also seen a jump of 20.7% to Rs 36,854 crore. Taking stock of the reported results, global firm Jefferies said that \u00a0the revenue growth of 3.7% in cc terms was in -line with its estimates. Jefferies has a share price target of Rs 2,300 on the shares. TCS shares opened at Rs 1,978 this morning on NSE. The firm\u2019s target price implies an upside of nearly 16% from current levels. Jefferies noted that the commentary has remained positive with acceleration in BFSI, Retail and North America, as the management is confident of a double digit on-year growth for rest of FY19. CLSA has retained a buy target of TCS with a target price of Rs 2,600. The overall results showed strong growth, slight margin miss and improving outlook. CLSA is positive on the stock for industry-leading growth momentum. Also read:\u00a0Share market LIVE updates: Sensex jumps 400 pts; Nifty firm above 10,300; Yes Bank shares gain 6% Ambit Capital said that it was an operationally in-line quarter. TCS\u2019s Operating margin stood at 26.5%, while net cash from operations stood at Rs 7,363 crore. \u201cTCS will be the biggest beneficiary of US tax reform,\u201d Ambit said in a note. Taking stock of the reported results, TCS MD Rajesh Gopinathan said that revenue growth was aided by expanding demand across verticals. \u201cRevenue growth was driven by expanding demand for digital transformation across verticals, and continued acceleration in BFSI and Retail. Our industry leading digital growth, and best-in-class client metrics bear testimony to our standing as the preferred partner in our customers' growth and transformation Initiatives," he said.