Street View: Data centres may not be game changer for India's TCS

** India's top IT services exporter Tata Consultancy Services falls ~1% to 3,038 rupees

** Co beats quarterly revenue estimates; forecasts better growth in H2

BROKERAGES FLAG CONCERNS OVER DATA CENTRE, SUBDUED GROWTH AHEAD

** Ambit Insights ("sell"; cuts PT to 2,860 rupees) sees data centre diversification negatively; cautious on consistent growth underperformance

** Brokerages say data centre will add minimal synergies, may not materially change growth profile

** Jefferies (maintains "hold", PT of 3,100 rupees) says growth in key markets yet to recover; decline in headcount does not bode well

** BOBCaps (maintains "hold", PT of 2,979 rupees) says demand conditions indicated to be similar to where they were 3 months ago, with continued pressure on discretionary spending

** Emkay (maintains "add", PT of 3,250 rupees) says persistent macro uncertainties remain key challenge