Buy Tata Consultancy Services: target of Rs 3590: Sharekhan

Sharekhan is bullish on Tata Consultancy Services has recommended buy rating on the stock with a target price of Rs 3590 in its research report dated January 08, 2020.

January 11, 2021 / 01:13 PM IST
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Sharekhan's research report on Tata Consultancy Services

Q3FY21 was the second consecutive quarter of strong all-round performance, led by robust demand, market share gains and deal ramp-ups. FCF generation, deal win TCVs and net employee addition remained strong. Owing to end-to-end capabilities, deep domain expertise, contextual knowledge and excellent product and platform offerings, TCS is well-placed to tackle competition. TCS’ revenue and earnings to clock a 11%/15% CAGR over FY2021-23E; we prefer TCS on account of its full-service business model, preferred partner for clients’ transformation journey and higher payout policy.


We maintain a Buy on TCS with a revised PT of Rs. 3,590, given its differentiated positioning and deep relationships with large global enterprises.

For all recommendations report, click here

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first published: Jan 11, 2021 01:13 pm

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