NSE: TCS | BSE: 532540

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3390.40 -3.20 (-0.09%)

26.17% Fall from 52W High

4.2M NSE+BSE Volume

NSE 24 Jun, 2025 3:31 PM (IST)

1,226,676.4

Market Cap

Market Leader

0.9

Beta 1Year

Low volatility

Tata Consultancy Services Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for TCS, BSE:532540 Tata Consultancy Services Ltd.

Tata Consultancy Services Ltd.

11 Oct 2019

3390.40

-0.09%

Tata Consultancy Services: Q2FY20 Result Review

Accumulate: Tata Consultancy Services ...

Target

IDBI Capital

TCS's Q2FY20 revenue growth of 0.6% QoQ in US$ (~1.2% in CC) was a miss to our forecast of 2.5% QoQ in US$ (3.1% in CC). Lower revenue growth and increased hiring impacted EBIT margin which declined by 15bps QoQ to 24% vs. our forecast of 25.1%. Similarly, EPS of Rs21.4, -1.1%/+3.9% QoQ/YoY missed to our forecast. Digital business (33.2% of revenue) continued to lead TCS's growth and grew by 28% YoY in CC, though lower than previous quarters. Deal wins remained strong with TCV of US$6.4 bn which is the highest in the last 6 quarters. We factor Q2FY20 miss and cut our FY20/21E revenue by 2.5%/2.8% and EPS by...

Tata Consultancy Services Ltd. is trading below all available SMAs

Tata Consultancy Services Ltd.

11 Oct 2019

3390.40

-0.09%

Q2FY20 Result Update

Hold: Tata Consultancy Services ...

Target

Prabhudas Lilladhar

24%(Ple:25.6%, Cons:25.3%). BFSI & Retail contributes to 46% of the total revenues and are showing signs of weakness. We believe manufacturing (10% of total revs) weakness is yet to be seen as globally all the manufacturing PMI's are lowest in last 10 years. (The U.S. manufacturing PMI came in at 47.8% in Sept, the lowest since June 2009.) Digital growth slowed down in Q2FY20 to just 3.7% QoQ compared to average 8.8% QoQ in last 4 quarters. Despite of strong order booking of US$6.4bn, TCS management remained pessimistic about growth revival in 2HFY20. We note that 2H is...

Tata Consultancy Ser.. has an average target of 4063.82 from 11 brokers.

Tata Consultancy Services Ltd.

11 Oct 2019

3390.40

-0.09%

Tata Consultancy Services

Hold: Tata Consultancy Services ...

Target

ICICI Securities Limited

Weakness in certain segment pockets could continue Weakness in certain pockets of banking financial services (capital markets & European banks), manufacturing (auto specifically in Europe) and retail (slowdown in decision making & delay in deal closures) were the main dragging factors in Q2FY20. Going by the management commentary in this respect, the situation largely remained unchanged with continued softness in capital markets & European banks. On the other hand, the position is strengthening in the insurance vertical and communication continues to do...

Tata Consultancy Services Ltd. is trading below all available SMAs

Tata Consultancy Services Ltd.

10 Oct 2019

3390.40

-0.09%

TCS

Buy: Tata Consultancy Services ...

Target

Sharekhan

TCS signed strong TCV of $6.4 billion in Q2FY2020 (strong book-tobill of 1.16x), up 12% q-o-q and 31% y-o-y Management declared special dividend of Rs. 40 per share, in-line with its capital allocation policy (80-100% of FCF)...

Tata Consultancy Ser.. has an average target of 4063.82 from 11 brokers.

Tata Consultancy Services Ltd.

12 Jul 2019

3390.40

-0.09%

Result Update:TCS

Hold: Tata Consultancy Services ...

Recommendation Target

Axis Direct

Tata Consultancy Services (TCS) largest IT exporter in India has witnessed strong demand but reported sluggish growth in revenue terms, TCS reported sluggish growth of 0.4% for Q1 FY20 on QoQ basis in constant currency terms and 11.4%on YoY basis in rupee terms at Rs. 38,172 crs.

Tata Consultancy Ser.. has an average target of 4063.82 from 11 brokers.

Tata Consultancy Services Ltd.

11 Jul 2019

3390.40

-0.09%

TCS LTD

Hold: Tata Consultancy Services ...

Target

Geojit BNP Paribas

Tata Consultancy Services (TCS) provides a comprehensive range of IT services globally. The company serves clients across diverse industries, including finance and banking, insurance, telecommunication,...

Tata Consultancy Services Ltd. is trading below all available SMAs

Tata Consultancy Services Ltd.

11 Jul 2019

3390.40

-0.09%

Tata Consultancy Services Limited

Results Update: Tata Consultancy Services ...

SMC online

Tata Consultancy Ser.. has an average target of 4063.82 from 11 brokers.

Tata Consultancy Services Ltd.

10 Jul 2019

3390.40

-0.09%

Tata Consultancy Services (1QFY20): Buy the dip! Maintain BUY

Buy: Tata Consultancy Services ...

Target

HDFC Securities

TCS' growth, scale and durability are its key strengths. Growth in digital, momentum in deal wins and strong hiring trend are positive demand indicators. TCS' offshore leverage in digital (location independent Agile framework), outperformance in BFSI (vs. Accenture) and superior execution (margin/attrition differential) stand out. We expect 10/9% rev/EPS CAGR over FY19-22E. Strong FCF generation (90% FCF/PAT), payout policy (80-100% of FCF) and >4% FCF yield will support valuations. Key risks include INR appreciation, adverse macros and increase in onsite workforce crunch. We maintain BUY on TCS following a miss on revenue and an inline margin performance. Our TP is Rs 2,420 at 24x Jun-21E EPS, with ~2% cut in earnings estimates.

Tata Consultancy Ser.. has an average target of 4063.82 from 11 brokers.

Tata Consultancy Services Ltd.

10 Jul 2019

3390.40

-0.09%

Tata Consultancy Services (ADD): Mixed bag; cut to ADD

Buy: Tata Consultancy Services ...

Target

BOB Capital Markets Ltd.

TCS had a mixed Jun'19 quarter with a miss on operating performance but healthy deal wins (US$ 5.7bn, +16.3% YoY). Softness in the BFSI and retail verticals led to below-estimated revenue growth of 2.3% QoQ CC, while onsite supply pressure weighed on operating margins. With a slow start to the year, double-digit growth in FY20 looks a tough ask. We trim FY20/FY21 EPS by ~7% each on revised revenue and currency assumptions, roll over to a Jun'21 TP of Rs 2,360...

Tata Consultancy Services Ltd. is trading below all available SMAs

Tata Consultancy Services Ltd.

10 Jul 2019

3390.40

-0.09%

Tata Consultancy Services: Q1FY20 Result Review

Accumulate: Tata Consultancy Services ...

Target

IDBI Capital

We factor Q1FY20 revenue miss and fine-tune our forecast. We now forecast revenue (US$)/EPS CAGR of 10%/9.1% over FY19-21E. We also fine-tune our TP to Rs2,195 (vs. Rs2,228 earlier) based on 22x FY21E. We believe that any decline in the stock due to revenue growth miss in Q1FY20 should be used to ACCUMULATE. Key Highlights and Investment Rationale Q1FY20 see another quarter of double-digit growth at 10.6% YoY in CC Revenue growth of 1.6% QoQ in US$ (~2.1% in CC) missed our forecast of 3% QoQ in US$ (3.5% in CC). As expected, BFSI (30.8% of revenue, +1.3% QoQ in US$), impacted...

Number of FII/FPI investors decreased from 1828 to 1797 in Mar 2025 qtr

Is Tata Consultancy Services Ltd. worth buying?

2317 Votes:

Buy 72.81%

Sell 14.11%

Hold 13.08%

RESEARCH REPORTS

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