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.
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.
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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.
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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