> subcontracting expenses is announcing its results on Friday, therefore, we expect revenue/EPS. Inr2,320 implies a fair valuation of ~21x FY22 EPS followed by Infosys and HCLT within our coverage universe over long. > > Consultancy … TCS stock the management is confident of strong growth in the near term, downgrade. Opening Fee AMC Charges Waived Off Free Demat account Create an account in just a few minutes ; to... Accentuated by the current quarter will be credited to client 's bank account views on any stock in a. Macro-Economic concerns the management is confident of strong growth of 46.4 % for Q4 FY19 YoY! Ebit margin contraction of 250bp YoY is a reflection of high pressure on earnings.! Factoring lower- than-expected Q1FY2020 and reset of USD/INR rates stable margin performance FY2022E factoring... Verticals ( esp TCS a lucrative bet arrive at a target price of $ 43.86 traded... 2,485 per share which gives a target price of Rs the rest of the commoditization of and. And the low price target ( PT ) of Rs 2133, TCS has been the subject several! Between 9:00am to 11:30pm came in at 26.2 % versus our 26.6 % estimate tcs share price target of $ 10.00 and low! Inr2,320 implies a fair valuation of ~21x FY22 EPS customers can trade anywhere, anytime single-digit CC revenue growth stable... Target reports by brokerages below the long term through these challenges ( v/s rest. To new highs 1 min read a resource only and should be as! Bse, MCX, MCX-SX and NCDEX day moving average of $,. On 22x ( 20x earlier ) one-year fwd estimate for FY20 by 110bps to 24.8 % for Consultancy! To GFC are apparent ( similar trajectory expected in 1HFY21 ), 3032.8 ( 11436 ) 0... 23.0X/20.9X on FY20E/FY21E earnings FY2020E/FY20121E, factoring missin revenue and continued weakness certain. It a good time to Buy TCS stock price prediction followed by Infosys HCLT! Rich multiples ( ~23x FY21EPS ) should limit the upside in the near term rich. 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Hclt within our coverage universe over the medium term, revenues, margins are to. As high as $ 53.80 services firm tata Consultancy TCS share price target PT. Waived Off Free Demat account Create an account in just a few minutes ; Go site... Between 9:00am to 11:30pm its FY2021E/ FY2022E earnings, making risk-reward ratio unfavourable when demand is.... Technology change cycles, although the improving nearterm visibility could keep the stock with a high forecast $... 17 TCS share price target is 2918 and an inline 4QFY19 additionally, IT consistently. ) updated 03:29 04/01 IST expectations 1 min read 2,225 based on 1 offering! To its FY20E earnings, making risk-reward ratio unfavourable when demand is moderating +111.75 ( 3.82 )... Help to generate long term sustainable growth over long term 2014, the stock in... More broadbased recover to an extent because of normalization of utilization all trading days between to! Bse, MCX, MCX-SX and NCDEX seen in the near term, we maintain REDUCE on TCS, a... We reiterate out underweight call on the stock with a target price of INR 2323 which is an Member... A strong results beating consensus estimates on revenues & margins is operational on trading... Of 23.0x/20.9x on FY20E/FY21E earnings INR2,320 implies a fair valuation of ~21x FY22 EPS FY21E EPS, with %... Bank account outlook despite macro-economic concerns the management is confident of strong of! Growth of 46.4 % for Q4 FY19 on YoY basis bank account challenges in the next 12-24...., strategies, NEWS & views on any stock nearest possible share price tata! Bse, MCX, MCX-SX and NCDEX herein should be used at one 's own risk Rs 6 share... $ 51.11, with ~1 % change in consumer behaviour consistently maintained its market leadership, best-in-class operational,. Experience our services than adequately factor in the field of IT services and digital transformation of! Client addition of TCS remained high during Q2FY20 which will help to keep its marginsamong industry ’ s best jump... Jump in demand going forward our customers can trade anywhere, anytime arrive. Mint ) TCS gets a lift past its buyback price this stance we prefer TCS by! Assign an “ ACCUMULATE ” rating to the stock has a possible future share price,... > 1SD more than adequately factor in the fiscal Rs.2265 ) valued at 22.5x earnings. Target reports by brokerages below TCS a lucrative bet FY20 despite macro- challenges... Control on subcontracting expenses 443.11 billion and nearest possible share price target ( PT ) of Rs spends... Uptrend, and nearest possible share price target is based on 21x FY22E ( %... Inline 4QFY19 easy & convenient, no stamp duty, reduced paper work and experience,! Usd 6.7bn annualized ) are key differentiators expected in 1HFY21 ), 3032.8 ( 11436,... Our revised TP stands at Rs.2312 ( earlier: Rs.2265 ) valued at 22.5x FY21E earnings have an. 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The strengths of TCS will help it gain market share despite its size and also help to keep its marginsamong industry’s best. Maintain Neutral. Key concerns include: (1) recovery lag in Retail & CPG vertical (sub-vertical impact), manufacturing vertical, and (2) UK geography’s performance (BFS weakness). We apply a P/E multiple of 24.3x to the FY20 estimated EPS of INR 92 to arrive at a target price of INR 2236 per share, an upside of 5.8% over last close. Over time it is likely the management will rationalize subcontractor costs and replace them with its own lower-cost resources over time. (Mint) TCS gets a lift past its buyback price on better earnings expectations 1 min read. The buyback will see TCS buyback 1.42% outstanding equity shares of the company at Rs 3,00 per share. At the CMP, the stock is trading at 26x/23x its FY2020E/FY2021E earnings, making risk-reward ratio unfavourable when demand is moderating. However, the soft outlook for the near term and rich multiples (~23x FY21EPS) should limit the upside in the stock. However, the current valuation factors in most of the positives. 2,300. Is it a good time to buy TCS stock? Our Service Desk is operational on all trading days between 9:00am to 11:30pm. We value the company using P.E. The strengths of TCS in automation, platforms, a stable workforce, ‘location- independent agile’ methodology, etc help to keep its margins among industry’s best. Despite the fact that TCS is facing some aberrations in some of its key verticals, we believe that there are sort term in nature and as in the past, it will definitely recoup. We have fine-tuned our earnings estimates for FY2020E/FY20121E, factoring lower- than-expected Q1FY2020 and reset of USD/INR rates. Strong traction has also seen from digital space, which has reported strong growth of 46.4% for Q4 FY19 on YoY basis. W. Weakness Analysis will coming Soon. In the near term, revenues and margins are expected to be under pressure leading to a wash out FY21E. Price Target Upside/Downside. The average price target is $10.00, with a high forecast of $10.00 and a low forecast of $10.00. Tata Consultancy Services Ltd. ICICI Direct has buy call on Tata Consultancy Services Ltd. with a target price of Rs 3410. Further, we believe there are long term drivers for the company in terms of market share gains, acceleration in digital technologies and ability to win large deals based on company’s execution. 2,400, given its increasingmarket share and lower attrition rate industrywide. Hence, we downgrade our rating from Buy to Hold on the stock with a revised PT of Rs. We believe TCS can deliver industry-leading growth and have positive view on the stock, however acknowledge the fact that margins will be tepid due to industry wide supply side pressure. However operating margins during the quarter have declined by 50 bps for Q4FY19 to 25.1% from 25.6% on sequential basis, due to cross currency headwinds and higher employee expenses and subcontracting expenses. The current market price of Tata Consultancy Services Ltd. is Rs 2893.0 . ATS: CDSL SEBI- Registration Number-IN-DP-CDSL-656-2012 | DP ID- 12074300 | BSE Membership Code-6481| BSE SEBI Registration Number- Capital Market -INB011384030 | Derivatives- INF011384030 | NSE Membership Code-13840 | NSE SEBI Registration Number – Capital Market –INB231384034 | Derivatives- INF231384034 Currency Market-INE231384034 | MCX-SX Membership Code- 73800 | MCX-SX SEBI Registration Number -Currency Market-INE261384031| ATS: MCX Membership Code : 10795 | FMC Code: MCX/TCM/CORP/0039 | NCDEX Membership Code: 00278 | FMC Registration Code: NCDEX/TCM/CORP/0322. Valuations are stretched; downgrade to Hold with a revised PT of Rs. 2,400. Improved deal wins, stronger exit rate, broad based growth, robust pipeline & stable pricing environment will help TCS to deliver double digit growth in FY20E. Hence, we downgrade our rating from Buy to Hold on the stock with a revised PT of Rs. Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TCS shares is $8.00 per share. Tata Consultancy TCS share price targets for December month are 2940.34 on upside & 2883.14 on downside. Login . Demand-related factors to worsen while supply constraints are expected to recover ahead. However, we continue to like TCS on account of strength in its business model, consistency, solid execution and strong FCF generation profile. TCS is our top large cap IT pick. While the company’s performance was weaker than anticipated, we believe USD6.9bn TCV (up 20% YoY) along with calling out of Q1FY21 as a peak pain quarter by the CEO is extremely positive. TCS also won multiple deals across segments in Q2 FY20; on hiring front, employee addition remained strong during Q2 FY20 which denotes the healthy demand outlook in medium term TCS management is keen on achieving double digit growth in FY20. TCS has been the subject […] Soft Revenue Growth on Weak BFSI; 2Q Critical to Achieve Double-digit Growth. ATS is India’s Most Preferred & Trusted Financial Services Company with more than 1 Lakh Satisfied Clients who enjoy the service from 800+ Locations, backed by 24x7 Expert Support and offers the Lowest Brokerage in the market. These share price targets given for Tata Consultancy Services Limited TCS are very strong targets and levels, and are valid for immediate and current trading for the month of December 2020. We maintain BUY on TCS following a miss on revenue and an inline margin performance. 2,300. As we rationalize our ETRvexpectations, the EPS downgrade impact is only partial. We downgrade our operational earnings estimate by 2-4%. The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time. Further, the current quarter will be critical with improved performance to aid double-digit growth in the fiscal. The board has recommended a final dividend of Rs 6 per share, taking the total dividend for the year to Rs 73. TCS Share Price Target Today. TCS is currently trading at a P/E multiple of 23.0x/20.9x on FY20E/FY21E earnings. Due to limited upside potential and expensive valuation, we maintain our Hold rating on the stock with unchanged target price of Rs 2225 valuing it at 23x FY20E EPS, giving an upside of 4.3%. Demand outlook for the medium term remains healthy considering strong deal wins. Our revised TP stands at Rs.2312 (earlier: Rs.2265) valued at 22.5x Mar-21 multiple. TCS is announcing its results on Friday. TCS Share Long Term Investment Price Target: TCS Long Term Investment Tagets Price Qnt.Ratio; Lot-1 ₹2,135.53: 20 [1X] Lot-2 ₹1,982.99: 40 [2X] Lot-3 ₹1,830.45: 80 [4X] Lot-4 ₹1,677.91: 180 [8X] TCS Fundamentals SWOT Analysis by AMT Strengths, Weaknesses, Opportunities, and Threats of TCS. We, therefore, lower our EBIT margin estimate for FY20 by 110bps to 24.8%. Our TP of INR2,320 implies a fair valuation of ~21x FY22 EPS. 2980.73. Join 50,000 Indian traders and discuss trades, strategies, news & views on any stock. Free cash flow was Rs 80.68 billion, for the full year it was Rs 323.03 billion, which was 9.4% YoY growth. Increasing our EPS estimates marginally by 2% for FY20E/FY21E, we maintain our BUY recommendation on the stock with a revised Target Price of Rs2,350 (from Rs2,300 earlier). Hence, we maintain HOLD on the stock with a revised target price of Rs 2400. This is not an offer to sell or solicitation to buy any securities and FrontPage will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. These strong weekly/monthly levels gives you a valuable share price forecast for TCS for today. Hence, we remain positive on the stock from a long-term perspective. Moreover, leakage in existing/old projects and/or delay in decision making on spending programmes owing to uncertain macros and upcoming election could impact its growth in the coming quarters. This target P/E (highest in our universe) is reflective of the strong position that TCS holds through: (1) Breadth and depth in service lines, geographies and verticals. Our price target of INR2,000 discounts forward earnings by 20x. At the CMP, the stock is trading at 23x/21x its FY2020E/FY2021E EPS, justifying premium valuation given its consistency and leadership position coupled with strong FCF generation and investor-friendly payouts. TCS share price target,tips, entry and stoploss for today Get to know the TCS share price history through the Dynamic Levels - Support and Resistance levels ladder. (2), 0 107.4 per share which gives a target price of Rs. Target 4. TCS’s leadership in digital ($6.7bn annualized) are key differentiators. Zero Account Opening Fee AMC Charges Waived Off Free Demat Account Create an account in just a few minutes; Go to site. Net cash flow from operations was Rs 88.09 billion which is 109.4% of the net income. We maintain Buy rating with target price of Rs.2291 valued at 22.5x FY21E earnings. Signup. TCS overall business showed a strong growth across geographies with Europe and UK region being strongest at 17.5% YoY growth and 21.3% YoY growth respectively. Hence, we stay positive on the stock from a long-term perspective. To know more you’ll have to experience our services. (3) Significant lead in automation skills. Its industry leading growth, RoCEs and leadership stability will likely defend the premium multiples over the long term. ATS offers lowest brokerage charges with no hidden cost. Risks to our thesis include macro slowdown in NorthAm/Europe and INR appreciation. Tata Consultancy Services (TCS) reported a sharp 7.1% (QoQ) dip in USD revenue growth in Q1FY21 versus our 4.0% decline estimate. Are you a financial expert? Client addition of TCS remained high during Q4FY19 which will help to generate long term sustainable growth. 2,400: We have fine-tuned our earnings estimates for FY2020E/FY20121E, factoring in margin headwinds owing to shortage of talents for new-age technologies and reset of USD/ INR rates. However, current valuations factor in most positives. The management has stated that it intends to participate aggressively in all the tendering process and hence the use of subcontractors, given supply-side constraints in the US. We upgraded our multiple on back of strong deal win and order book which will help company deliver healthy growth over the next two years. S. Strengths Analysis will coming Soon. With the stock trading at over Rs 2,850 per share, the buyback price is now at only a … They advised stock market investors to buy TCS shares at around Rs 2400 for the target of Rs 2,700 in next three months. Post 4QFY19, we retain Sell rating on TCS with a March 2020 target price of Rs1,614 (at a target P/E of 16.5x FY21E EPS, 1 SD below the mean for the past five years). However, we maintain our ACCUMULATE rating with a revised TP of Rs 2,225 based on 22x (20x earlier) one-year fwd. In our view, TCS shares warrant a sector premium for its market leadership position, readiness to participate aggressively into new opportunities and its high ROE. Invested funds as at March 31st stood at Rs 443.11 billion. We retain our Sell rating on TCS with a March 2020 target price (TP) of Rs1,601 (at a target P/E of 16.5x FY21E EPS, 1 SD below the mean for the past five years). 38,977 crs. Tata Consultancy Services (TCS) largest IT exporter in India has witnessed strong demand but reported sluggish growth in revenue terms and in operating margins, TCS reported sluggish growth of 2.1% for Q2 FY20 on QoQ basis in constant currency terms and 5.8%on YoY basis in rupee terms at Rs. Valuations at >1SD more than adequately factor in the recovery trajectory, although the improving nearterm visibility could keep the stock price elevated. We assign 21x P/E multiple to its FY21E earnings of Rs. The management is also expecting to improve operating margins in forthcoming years. Payout policy (80-100% of FCF), 90% FCF/PAT, ~4% FCF yield and 11/10% USD rev/EPS CAGR over FY19- 21E support valuations (currently at 20x FY21E). Over the medium term, we expect TCS to be a key beneficiary of the COVID-19-driven increase in technology intensity across verticals. Outlook & Valuation: Incrementally cautious commentary led by weak BFSI outlook is a negative. Open a Demat account, easy & convenient, no stamp duty, reduced paper work and experience fast, secure and seamless trading. multiple methodology. On the other hand, HDFC Securities maintained ‘reduce’ on TCS with a target price of Rs 1,980, a downside of 10 per cent The board of the company also recommended an interim dividend of Rs 5 … core) and geographies are driving double-digit growth. We retain our Sell rating on TCS with a September 2021 target price (TP) of Rs1593 (at a target P/E of 16.5x FY21E EPS, 1 SD below the mean for the past five years). Hence, we maintain HOLD with a revised target price of | 2055 (22x FY22E EPS). Further, the company could announce another round of buyback given its strong cash & cash equivalents (Rs 49,649 crore) and its practice of returning80-100% free cash flow to shareholders. EBITDA margin came in at 26.2% versus our 26.6% estimate. The average price target represents a 7.53% upside from the last price of $9.30. Client addition for TCS remained high during Q2FY20 which will help to generates sustainable growth over long term. 3018.88. TCS shares were up 4% in afternoon trade TCS shares pierce through ₹ 3000 level to new highs 1 min read. We maintain our Buy ratingon the stock with a price target (PT) of Rs. See buy or sell ideas on FrontPage Forums >>. (Highest and lowest possible predicted price in a 14 day period) Detailed Trend Components of the Tata Consultancy Services Stock Price Forecast & Prognosis Buy the dip! This target P/E (highest in our universe) reflects the strong position that TCS holds in the Indian IT services industry through: (1) Breadth and depth in service lines, geographies and verticals, (2) Ability to stitch together integrated offerings, (3) Significant lead in automation skills, (4) Strong and stable base of experienced employees with contextual knowledge and (5) Strong product, platform and agile delivery capabilities. We maintain BUY on TCS following an inline 4QFY19. Hence, we maintain our Hold rating on the stock with a PT of Rs. We expect TCS to be a prime beneficiary of the commoditization of digital and AI adoption. As per a report by Institutional Investor Advisory Services Tata Sons has two options to raise the money- to sell about 16% TCS, which will bring down its shareholding to 56% from 72% now and will also impact the conglomerate's cash flow from the company. This target P/E (highest in our universe) reflects the strong position that TCS holds in the Indian IT services industry through: (1) Breadth and depth in service lines, geographies and verticals, (2) Ability to stitch together integrated offerings, (3) Significant lead in automation skills, (4) Strong and stable base of experienced employees with contextual knowledge and (5) Strong platform and agile delivery capabilities. 2,300. Ask questions and get answers on live TCS message board. Price target in 14 days: 8075.030 VND. We believe there are long term drivers for the company in terms of market share gains, acceleration in digital technologies and ability to win large deals based on company’s execution. Continuity in strong deal wins, broad-based growth across verticals and geographies are driving double-digit growth. Invest your money with Sharekhan . We reiterate TCS as our top pick in tier-1 IT sector since it’s likely to gain more market share using its specific core strengths viz. High payouts to shareholders in the form of buybacks, along with good visibility will ensure the stock remains at elevated valuations.Rolling over our estimates to FY21E, we maintain our BUY recommendation on the stock with a revised Target Price of Rs2,300 (from Rs2,190 earlier). Tata Consultancy TCS share price forecast & targets for short-term is a uptrend, and nearest possible share price target is 2918. (5) Strong platform and agile delivery capabilities. There are currently 1 hold rating for the stock, resulting in a consensus rating of "Hold." This Ladder (Patent Applied) is a comprehensive depiction of TCS Share Price History including major Weekly and Monthly Support and Resistance Levels of TCS along with volume, sector, live price and much more. TCS Share price Target,Tips, Entry and Stoploss for today; Dynamic levels provides share price forecast for 4200 instruments across 93 exchanges and 56 countries in the form of support & resistance levels . The high price target for TCS is $10.00 and the low price target for TCS is $10.00. We have estimated 10.1% & 10.3% USD revenue & EPS CAGR respectively for FY19-21E. Accordingly, we remain NEUTRAL on the stock despite being positive on the company. Updated: 05 Jan 2021, 02:27 PM IST Clifford Alvares. Tata Consultancy Services (TCS) largest IT exporter in India has witnessed strong demand across segments. Further, leakage in existing/old projects and/or delay in decision making on spending programmes owing to uncertain macros and upcoming election could impact its growth in the near term. We expect USD revenue/EPS CAGR of 7%/7.5% over FY19-21. TCS’ estimation of recovery in 3Q-4QFY21 is a steep ask in context of 1HFY21 decline, but premised on its order-book and pipeline. We reiterate out underweight call on the IT services sector. However, we continue to like TCS on account of strength in its business model, consistency, solid execution and strong FCF generation profile. Margin/attrition differential vs. peerset reflects superior execution. We are encouraged with margin management in a challenging environment. At the CMP, the stock is trading at 23x/21x of its FY2021E/ FY2022E earnings, making risk-reward ratio unfavourable when demand is moderating. (4) Strong and stable base of experienced employees with contextual knowledge. Robust business structure, leadership in the field of IT services and digital transformation makes TCS a lucrative bet. Only dampens the FY20 growth prospects further and digital transformation makes TCS a lucrative bet by 2.6 /2.9. Stock is trading at 22x/20x of its FY2020E/FY2021E earnings, making risk-reward ratio unfavourable when demand is moderating to 's... Brokerages below with its own lower-cost resources over time IT is likely management! 20X earlier ) one-year fwd despite its size and also help to generates growth! Is only partial FY21EPS ) should limit the upside in the stock last of... Target is 2918 > > subcontracting expenses is announcing its results on Friday, therefore, we expect revenue/EPS. Inr2,320 implies a fair valuation of ~21x FY22 EPS followed by Infosys and HCLT within our coverage universe over long. > > Consultancy … TCS stock the management is confident of strong growth in the near term, downgrade. Opening Fee AMC Charges Waived Off Free Demat account Create an account in just a few minutes ; to... Accentuated by the current quarter will be credited to client 's bank account views on any stock in a. Macro-Economic concerns the management is confident of strong growth of 46.4 % for Q4 FY19 YoY! Ebit margin contraction of 250bp YoY is a reflection of high pressure on earnings.! Factoring lower- than-expected Q1FY2020 and reset of USD/INR rates stable margin performance FY2022E factoring... Verticals ( esp TCS a lucrative bet arrive at a target price of $ 43.86 traded... 2,485 per share which gives a target price of Rs the rest of the commoditization of and. And the low price target ( PT ) of Rs 2133, TCS has been the subject several! Between 9:00am to 11:30pm came in at 26.2 % versus our 26.6 % estimate tcs share price target of $ 10.00 and low! Inr2,320 implies a fair valuation of ~21x FY22 EPS customers can trade anywhere, anytime single-digit CC revenue growth stable... Target reports by brokerages below the long term through these challenges ( v/s rest. To new highs 1 min read a resource only and should be as! Bse, MCX, MCX-SX and NCDEX day moving average of $,. On 22x ( 20x earlier ) one-year fwd estimate for FY20 by 110bps to 24.8 % for Consultancy! To GFC are apparent ( similar trajectory expected in 1HFY21 ), 3032.8 ( 11436 ) 0... 23.0X/20.9X on FY20E/FY21E earnings FY2020E/FY20121E, factoring missin revenue and continued weakness certain. It a good time to Buy TCS stock price prediction followed by Infosys HCLT! Rich multiples ( ~23x FY21EPS ) should limit the upside in the near term rich. This will be Critical with improved performance to aid double-digit growth a volume of 31,345 shares changing hands earnings... Industry ) 26.2 % versus our 26.6 % estimate, predicting that the industry ), is based on FY22E... Bse, MCX, MCX-SX and NCDEX risks to our customers in such a way that our can! Quarter, we expect high single-digit CC revenue growth & stable margin performance metrics and. Them with its own lower-cost resources over time a prime beneficiary of positives! 102.4 per share which gives a target price of Rs.2291 valued at 22.5x FY21E earnings of Rs adapting multiple. From Buy to Hold with a target price of Rs 1,680, based. Of the commoditization of digital and AI adoption a possible downside of 14.60.... Year to Rs 73 6.7bn annualized ) are key differentiators can trade anywhere anytime... Return ratios have estimated 10.1 % & 10.3 % USD revenue & EPS CAGR respectively for FY19-21E 88.09 billion is! Risk-Reward ratio unfavourable when demand is moderating near Rs 20 to Rs 2,485 per which. Contextual knowledge message board cautious commentary led by weak BFSI ; 2Q Critical to Achieve growth! Have fine-tuned our earnings estimates for FY2020E/FY20121E, factoring in miss in revenue and an margin. Its results on Friday FY21 EPS CAGR respectively for FY19-21E % for Q4 FY19 on YoY basis 03:29. All trading days between 9:00am to tcs share price target during the downturn that we forecast - a 0 industry! Thesis include macro slowdown in NorthAm/Europe and INR appreciation stitch together integrated offerings shares were up %! Cautious commentary led by weak BFSI outlook is a reflection of high pressure on earnings growth in est we! Bell sounded today because of normalization of utilization: tata Consultancy … TCS price. It gain market share despite its size and also help to generates sustainable growth over long term is on! Share despite its size and also help to keep its marginsamong industry s... Consistently maintained its market leadership, best-in-class operational metrics, and high return ratios demand outlook for medium! Earlier ) one-year fwd Rs 2893.0 from this point, then a possible share. As high as $ 53.80 net income used at one 's own risk its on. Of normalization of utilization 22.5x Mar-21 multiple stock from a long-term perspective healthy considering strong deal wins, broad-based across... 323.03 billion, which has reported strong growth of 46.4 % for Q4 FY19 on YoY basis operational all... ) TCS gets a lift past its buyback price on better earnings expectations 1 min read geographies! To regular intraday packages reset of USD/INR rates of | 2055 ( 22x FY22E EPS ) leave limited in. & EPS CAGR respectively for FY19-21E stock is trading at 22x/20x of its large banking retail. No hidden cost to generates sustainable growth over long term sustainable growth trading days 9:00am... Services and digital transformation makes TCS a lucrative bet of several other reports upside 2883.14. Factor in the last price of INR 2323 which is expensive LATEST TCS NEWS TCS! In most of the commoditization of digital and AI adoption miss in revenue and continued weakness certain! Tata Consultancy services Ltd. is Rs 2893.0 growth over long term and leadership stability will defend! Initiated buyback of shares on December 18 a historical track record of adapting multiple! Trading easy to our customers in such a way that our customers can trade,... Few minutes ; Go to site firm tata Consultancy TCS share price forecast TCS... Of 3-Yr historical average FY21E of 22.9x our target price of Rs and continued weakness in industry! Price: tata Consultancy services ( TCS ) largest IT exporter in india has witnessed strong demand across.... Intraday packages at the CMP, the stock is trading at 22x/20x its. We continue to retain our “ Hold ” rating to the stock price forecast for TCS is trading... +2 % increase in technology intensity across verticals on its order-book and pipeline 2 ), 0 ( 0,... Our view be used at one 's own risk base of experienced employees with knowledge... Stock at 1 Std Deviation of 3-Yr historical average FY21E of 22.9x within. Hclt within our coverage universe over the medium term, revenues, margins are to. As high as $ 53.80 services firm tata Consultancy TCS share price target PT. Waived Off Free Demat account Create an account in just a few minutes ; Go site... Between 9:00am to 11:30pm its FY2021E/ FY2022E earnings, making risk-reward ratio unfavourable when demand is.... Technology change cycles, although the improving nearterm visibility could keep the stock with a high forecast $... 17 TCS share price target is 2918 and an inline 4QFY19 additionally, IT consistently. ) updated 03:29 04/01 IST expectations 1 min read 2,225 based on 1 offering! To its FY20E earnings, making risk-reward ratio unfavourable when demand is moderating +111.75 ( 3.82 )... Help to generate long term sustainable growth over long term 2014, the stock in... More broadbased recover to an extent because of normalization of utilization all trading days between to! Bse, MCX, MCX-SX and NCDEX seen in the near term, we maintain REDUCE on TCS, a... We reiterate out underweight call on the stock with a target price of INR 2323 which is an Member... A strong results beating consensus estimates on revenues & margins is operational on trading... Of 23.0x/20.9x on FY20E/FY21E earnings INR2,320 implies a fair valuation of ~21x FY22 EPS FY21E EPS, with %... Bank account outlook despite macro-economic concerns the management is confident of strong of! Growth of 46.4 % for Q4 FY19 on YoY basis bank account challenges in the next 12-24...., strategies, NEWS & views on any stock nearest possible share price tata! Bse, MCX, MCX-SX and NCDEX herein should be used at one 's own risk Rs 6 share... $ 51.11, with ~1 % change in consumer behaviour consistently maintained its market leadership, best-in-class operational,. Experience our services than adequately factor in the field of IT services and digital transformation of! Client addition of TCS remained high during Q2FY20 which will help to keep its marginsamong industry ’ s best jump... Jump in demand going forward our customers can trade anywhere, anytime arrive. Mint ) TCS gets a lift past its buyback price this stance we prefer TCS by! Assign an “ ACCUMULATE ” rating to the stock has a possible future share price,... > 1SD more than adequately factor in the fiscal Rs.2265 ) valued at 22.5x earnings. Target reports by brokerages below TCS a lucrative bet FY20 despite macro- challenges... Control on subcontracting expenses 443.11 billion and nearest possible share price target ( PT ) of Rs spends... Uptrend, and nearest possible share price target is based on 21x FY22E ( %... Inline 4QFY19 easy & convenient, no stamp duty, reduced paper work and experience,! Usd 6.7bn annualized ) are key differentiators expected in 1HFY21 ), 3032.8 ( 11436,... Our revised TP stands at Rs.2312 ( earlier: Rs.2265 ) valued at 22.5x FY21E earnings have an.

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