Buy Tata Consultancy Services; target of Rs 4600: ICICI Direct

"India’s specialty chemicals industry is a decadal growth opportunity and it is still not too late to participate in the value creation process. We prefer CRAMS/CSM players Navin Fluorine (Navin) and PI Industries (PI) as they provide long-term earnings visibility. We also like UPL due to robust growth outlook and reducing debt concerns and SRF due to rising contribution from the chemicals business," JM Financial research report.

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26 Aug, 2025 12:21

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ICICI Direct's research report on Tata Consultancy Services

Tata Consultancy Services (TCS) is one of the leading IT service providers with a presence in BFSI, communication, manufacturing, retail & hi tech. Consistent organic revenue growth and industry leading margins (>25%) • Stable management, robust return ratios (>RoCE 40%) & payouts (~70%).

Outlook

We continue to remain positive and retain our BUY rating on the stock. We value TCS at Rs 4,600 i.e. 34x P/E on FY24E EPS.

More Info

At 15:59 hrs Tata Consultancy Services was quoting at Rs 3,990.25, down Rs 28.85, or 0.72 percent.

It has touched an intraday high of Rs 4,045.50 and an intraday low of Rs 3,981.00.

It was trading with volumes of 110,328 shares, compared to its thirty day average of 118,298 shares, a decrease of -6.74 percent.

In the previous trading session, the share closed up 1.26 percent or Rs 49.85 at Rs 4,019.10.

The share touched its 52-week high Rs 4,043.00 and 52-week low Rs 2,701.00 on 17 January, 2022 and 24 February, 2021, respectively.

Currently, it is trading 1.3 percent below its 52-week high and 47.73 percent above its 52-week low.

Market capitalisation stands at Rs 1,476,013.97 crore.For all recommendations report, click here

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