Durability score
65 /100
Valuation score
18.5 /100
Momentum score
43.9 /100
Market Capitalizati...
710,362.5 Cr.
AVG Broker Target
2,084.5
PE TTM Price to Ear...
23.4
Tata Consultancy Services Ltd.    
16 Jan 2019, 12:00AM
1894.30
1.29%
buy
Buy: TCS
Axis Direct
Tata Consultancy Services (TCS) the largest IT services exporter in India has witnessed strong demand in Q3FY19 across segments. Strong traction was also seen in digital space, digital space reported strong growth of 53% for Q3 FY19 on YoY basis.
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Number of FIIs/FPIs holding stock rose by 95 to 1365 in Sep 2018 qtr.
1894.30
1.29%
HDFC Securities
Maintain BUY with TP of Rs 2,430, at 24x Dec-20E EPS, supported by leading organic growth within tier-1 IT and >60% RoIC, >4% FCF yield & >3.5% dividend yield. TCS posted acceleration in revenue (in-line) supported by strong digital traction (53% YoY) and continued revival in BFSI. However, margins were lower on increased hiring and higher sub-contracting expense (both indicative of buoyant demand). Rev came at USD 5,250mn, 1.8/12.1% QoQ/YoY CC with digital at 30.1% of rev (USD 6.3bn rev annualised).
Tata Consultancy Services Ltd. is trading below it's 30 day SMA of 1949.03
1894.30
1.29%
buy
Accumulate: TCS
IDBI Capital
We largely maintain our FY19E/20E revenue (in US$) and tweak EPS forecast by -1.0%/1.7% (FX of Rs70 for Q4FY19 and FY20). We maintain ACCUMULATE with new TP of Rs2,084 (vs. Rs2,121 earlier) based on 22x FY20E. Q3FY19 CC revenue growth of 1.8%/12.1% QoQ/YoY despite seasonal weakness Both QoQ CC growth and US$ growth of 0.7% was in-line with our forecast. While smaller verticals like Life Sciences & Healthcare (7.6% of revenue; +15.7% YoY in CC) and Energy & utilities (4.7% of revenue; +18.1% YoY) grew faster, larger verticals like Retail & CPG (16.5% of revenue; +10.5% YoY) also saw good growth. Importantly, BFSI (30.8% of revenue) saw improvement in growth to +8.6% YoY....
Tata Consultancy Ser.. has an average target of 2084.53 from 18 brokers.
1894.30
1.29%
buy
Neutral: TCS
Angel Broking
TCS posted a 0.7% sequential growth in USD revenues to US$5,250mn v/s US$5,215mn in 2QFY2019. In rupee terms, revenues came in at `37,338cr V/s `36,854cr, up 1.3% QoQ. In Constant Currency (CC) terms, the company posted a 1.8% QoQ growth. On profitability front, EBIT margin showed a dip of ~90bps QoQ to 25.6%. Consequently, PAT
Tata Consultancy Services Ltd. is trading above it's 200 day SMA of 1869.69
1894.30
1.29%
Nirmal Bang Institutional
A Double-digit FY20? Not Yet. Talent Hoarding Impacts Margins In 3QFY19, TCS' constant currency (CC) QoQ revenue growth at 1.8% (12.1% YoY) was in line with expectations. However, EBIT margin slipped to 25.6% (our estimate 27.2%). This has been because of lower gross margin and higher-than-expected SG&A; expenses as a significantly talentconstrained market for new age services, primarily in the US, led to what we believe as talent hoarding by TCS. That, in our view, is a pre-emptive move by TCS to handle demand fulfilment problem that players like DXC, Hexaware and Persistent Systems specifically and the industry in general has talked of in recent times (Refer: Onsite Supply Bottleneck Unlikely A One-Off). It also potentially addresses a tighter market for H1-B visas under the new rules (Refer: Likely Change In...
Tata Consultancy Services Ltd. is trading above it's 200 day SMA of 1869.69
1894.30
1.29%
buy
Buy: TCS
Reliance Securities
Robust TCV Growth Signals Strong Biz Momentum; Margin Disappoints Tata Consultancy Services (TCS) has reported a decent CC revenue growth of 1.8% QoQ in 3QFY19, while USD revenue came in softer-than-expected at US$5,250mn (+0.7% QoQ, below our estimate by 0.8%) owing to a higher-than-expected adverse cross-currency impact. Its TCV order bookings grew by a robust >20% QoQ to US$5.9bn (vs. US$4.9bn in 2QFY19), with bookto-bill rising strongly to 1.12x (vs. 0.94x in 2QFY19), which signals a strong traction in underlying business growth. On the flip side, its EBIT margin declined by 90bps QoQ to 25.6% (missing our estimate by 73bps) owing to higher wage cost and SG&A; expenses. Net profit rose by 2.6%...
Number of FIIs/FPIs holding stock rose by 95 to 1365 in Sep 2018 qtr.
1894.30
1.29%
buy
Neutral: TCS
Motilal Oswal
10 January 2019 EBITDA increased 21.7% YoY (5% miss) and PAT grew 24.1% YoY (our the US, as evident from the 70bp QoQ uptick in subcontractor expenses. TCS cited that demand on the ground was very healthy and broad-based across regions and verticals. This was reflected in deals TCV of USD5.9b v/s USD5b in the previous two quarters, with healthy contribution from North America (USD3b+), BFSI (USD2b+) and Retail CPG (USD800m+). With respect to elevated onsite cost, TCS expects it to rationalize over a period of time via investments in training and also passing some of it to clients. The trend of supply shortage was called out by a few companies in 2QFY19 (INFO, MTCL and HEXW), which cited challenges in demand fulfilment at onsite. TCS 9MFY19 EBIT margin of 25.7% is after YoY INR depreciation of 8.4% for this period.
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Promoters pledge increased to 2.94% of holdings in Sep 2018 qtr.
1894.30
1.29%
buy
Buy: TCS
Sharekhan
We recently met the management of TCS to discuss its outlook on the demand environment, revenue growth trajectory going forward, its digital strategy and potential challenges relating to H1-B visa issues...
Tata Consultancy Services Ltd. is trading above it's 200 day SMA of 1869.69
Tata Consultancy Services Ltd.    
16 Oct 2018, 12:00AM
1894.30
1.29%
buy
Hold: TCS
Geojit BNP Paribas
TCS posted solid performance in Q2FY19 with strong dollar revenue growth of 3.2% QoQ (CC revenue growth of 3.7%). Revenue outperformance was driven by broad based growth across segments and service lines. Further robust demand for digital services coupled with continued traction in BFSI and retail verticals also aided growth. Digital business continued to perform well with revenue contribution increasing to 28% in Q2FY19 from 25% in Q1FY19. Notably, BFSI (31.2% of overall revenue) and retail (16.6%) verticals continue to gain momentum with revenue growth of 3.5% and 3.4% QoQ respectively. Additionally,...
Axis Direct released a Buy report for Tata Consultancy Services Ltd. with a price target of 2137.0 on 16 Jan, 2019.
Tata Consultancy Services Ltd.    
16 Oct 2018, 12:00AM
1894.30
1.29%
SMC online
India's biggest software exporter Tata Consultancy Services Q2 profit jumps 23% YoY to Rs 7,901 crore, meets Street estimates Sequentially TCS registered an 8% rise in consolidated sales to Rs 36854 crore for the quarter...
Tata Consultancy Ser.. has an average target of 2084.53 from 18 brokers.