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    Buy Tata Consultancy Services, target price Rs 3490: ICICI Securities

    Synopsis

    Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1210736.50 Crore) operating in IT Software sector.

    Tata Consultancy Services (TCS)ETtech
    Promoters held 72.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 15.9 per cent, DIIs 7.8 per cent and public and others 4.3 per cent.
    ICICI Securities has buy call on Tata Consultancy Services Ltd. with a target price of Rs 3490. The current market price of Tata Consultancy Services Ltd. is Rs 3296.1 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 1210736.50 Crore) operating in IT Software sector.

    Financials
    For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 44636.00 Crore, up 4.52 % from last quarter Total Income of Rs 42706.00 Crore and up 9.71 % from last year same quarter Total Income of Rs 40684.00 Crore. Company reported net profit after tax of Rs 9282.00 Crore in latest quarter.

    Investment Rationale
    Price at the cusp of breaking above the last five months consolidation range with a higher base at 50 days EMA

    Promoter/FII Holdings
    Promoters held 72.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 15.9 per cent, DIIs 7.8 per cent and public and others 4.3 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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