Buy Tata Consultancy Services, target price Rs 3760: ICICI Direct

Buy Tata Consultancy Services, target price Rs 3760: ICICI Direct

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Synopsis

Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1335228.08 Crore) operating in IT Software sector.

ET Bureau
Promoters held 72.19 per cent stake in the company as of 30-Sep-2021, while FIIs owned 15.37 per cent, DIIs 7.9 per cent.

ICICI Direct has buy call on Tata Consultancy Services with a target price of Rs 3760. The current market price of Tata Consultancy Services Ltd. is Rs 3610.1.

Time period given by analyst is Intra Day when Tata Consultancy Services Ltd. price can reach defined target. .

Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1335228.08 Crore) operating in IT Software sector.

Tata Consultancy Services Ltd. key Products/Revenue Segments include Consultancy Income and Sale of Equipment & Software Licences for the year ending 31-Mar-2021.

Financials

For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 47978.00 Crore, up 4.00 % from last quarter Total Income of Rs 46132.00 Crore and up 16.88 % from last year same quarter Total Income of Rs 41049.00 Crore. Company has reported net profit after tax of Rs 9653.00 Crore in latest quarter.

Investment Rationale
Higher base above the 100-day EMA and the recent double bottom breakout area.

Promoter/FII Holdings
Promoters held 72.19 per cent stake in the company as of 30-Sep-2021, while FIIs owned 15.37 per cent, DIIs 7.9 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

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SynopsisTata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1335228.08 Crore) operating in IT Software sector.ET BureauPromoters held 72.19 per cent stake in the company as of 30-Sep-2021, while FIIs owned 15.37 per cent, DIIs 7.9 per cent.ICICI Direct has buy call on Tata Consultancy Services with a target price of Rs 3760. The current market price of Tata Consultancy Services Ltd. is Rs 3610.1. Time period given by analyst is Intra Day when Tata Consultancy Services Ltd. price can reach defined target. . Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1335228.08 Crore) operating in IT Software sector. Tata Consultancy Services Ltd. key Products/Revenue Segments include Consultancy Income and Sale of Equipment & Software Licences for the year ending 31-Mar-2021. Financials For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 47978.00 Crore, up 4.00 % from last quarter Total Income of Rs 46132.00 Crore and up 16.88 % from last year same quarter Total Income of Rs 41049.00 Crore. Company has reported net profit after tax of Rs 9653.00 Crore in latest quarter. Investment RationaleHigher base above the 100-day EMA and the recent double bottom breakout area. Promoter/FII Holdings Promoters held 72.19 per cent stake in the company as of 30-Sep-2021, while FIIs owned 15.37 per cent, DIIs 7.9 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.) Download The Economic Times News App to get Daily Market Updates & Live Business News….morelessPick the best stocks for yourself Powered by 5 mins read3 mins read3 mins read2 mins read2 mins read3 mins read4 mins read3 mins read

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