Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1047928.48 Crore) operating in IT Software sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 40135.00 Crore, up 4.73 % from last quarter Sales of Rs 38322.00 Crore and up 2.97 % from last year same quarter Sales of Rs 38977.00 Crore Company reported net profit after tax of Rs 7504.00 Crore in latest quarter.
Investment Rationale
While the brokerage continues to be positive on the company’s long-term outlook, it remains neutral as the stock is currently trading upwards of 2STDev its historical median, which suggest that the stock is fully factoring in the multi-year growth opportunity and has limited room for error. Its TP implies 27x FY22E EPS on the unrevised estimates.
Promoter/FII Holdings
Promoters held 72.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 16 per cent, DIIs 7.9 per cent and public and other 4 per cent.
