TCS Share Price: Buy Tata Consultancy Services, target price Rs 4000: Emkay Global
Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1149673.94 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 31-03-2022, the company reported a Consolidated Total Income of Rs 51572.00 Crore, up 2.96 % from last quarter Total Income of Rs 50090.00 Crore and up 15.54 % from last year same quarter Total Income of Rs 44636.00 Crore. Company reported net profit after tax of Rs 9959.00 Crore in latest quarter.
Investment Rationale
TCS is well poised to benefit from strong demand and growing digital transformation opportunities. Key concerns include salary inflation, currency volatility and a potential slowdown in US/Europe. The brokerage has a Buy rating with a TP of Rs4,000 at 28x Mar’24E EPS.
Promoter/FII Holdings
Promoters held 72.3 per cent stake in the company as of 31-Mar-2022, while FIIs owned 14.15 per cent, DIIs 7.85 per cent.
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