ICICI Direct recommended hold rating on TCS with a target price of Rs 2540 in its research report dated October 13, 2017.
Sharekhan recommended hold rating on TCS with a target price of Rs 2700 in its research report dated October 12, 2017.
Brokerages remain mixed on the results, but highlight that there were some sectoral gains seen in the September quarter performance.
Net Sales are expected to increase by 3.4 percent Q-o-Q (up 4.4 percent Y-o-Y) to Rs. 30579.2 crore, according to Kotak.
Chandrasekaran, the former CEO of key Tata Group company TCS, took charge as chairman of the group’s parent firm, Tata Sons, after the bitter ouster of Cyrus Mistry earlier this year.
Stock markets this week will take cues from earnings of IT bellwether Tata Consultancy Services (TCS) as well as IIP and inflation data, say experts.
The Lloyds said the move was part of a push to develop better digital services for customers with insurance, pensions and investment products.
During the afternoon trade, the market capitalisation (m-cap) of HDFC Bank stood at Rs 4,73,530.72 crore, which was Rs 797.4 crore more than TCS' Rs 4,72,733.32 crore valuation.
However, the date from which tax deducted at source (TDS) or tax collected at source (TCS) will be done will be notified later.
While ITC, Hindustan Unilever Ltd (HUL), SBI and IOC saw losses in their m-cap for the week ended Friday, the valuations of RIL, TCS, HDFC Bank, HDFC, Maruti Suzuki and ONGC rose, but their combined gain of Rs 26,099.02 crore was less than the total loss suffered by the four firms.
Staying with quality always benefits investors and this is evident from the fact that low P/E stocks (value) in the BSE500 outperformed high P/E stocks by 20 percent from February 2016 to February 2017.
IShaat Hussain had served as interim Chairman at TCS from November last year amid the boardroom battle between Tata Sons and Cyrus Mistry.
According to Mitessh Thakkar of miteshthacker.com, one can buy Tata Elxsi and sell TCS.
Last month, the Bengaluru-based firm had said it will purchase up to 343.75 million shares at Rs 320 (USD 4.95) per scrip. The total size of the offer will be up to Rs 11,000 crore (USD 1.7 billion).
Maybe that’s why amateur and professionals alike tend to lose their minds in bull markets, particularly when a hot initial public offering, or IPO, is offered to them by their broker.
Ashu Madan of Religare Securities is of the view that one may exit Tata Consultancy Services.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy TCS and sell Punjab National Bank and Ashok Leyland.
The announcement comes close on the heels of the completion of a Rs 16,000 crore share buyback by rival Tata Consultancy Services (TCS).
Barring TCS and HUL, rest eight companies, including Reliance Industries Ltd (RIL), ITC, SBI and Maruti Suzuki, saw a rise in their market capitalisation (m-cap) for the week ended Friday.
Ashwani Gujral of ashwanigujral.com recommends buying TCS, Chambal Fertilisers and Bharti Infratel.
TCS,GAIL, and Coal India are on the radar of Reliance Securities
An analysis of remuneration disclosures made by top listed companies forming part of the blue-chip index Sensex -- under directions of the capital markets regulator Sebi -- shows that the pay packages of senior-most personnel such as CEOs and executive chairmen continue to remain high and rose further at most private sector firms during 2016-17.
Ashwani Gujral of ashwanigujral.com suggests buying IFCI, Motherson Sumi and Punjab National Bank.
India’s salt to software conglomerate Tata Group is giving thought to reorganise its technology and infrastructure businesses in order to reduce the number of companies it manages.
Former Chief Financial Officer of Infosys, T V Mohandas Pai said such "exaggerated" reports are based on a few events and there are attempts to blow them up.