TCS Share Price: Buy Tata Consultancy Services, target price Rs 3495: ICICI Securities

ICICI Securities has buy call on Tata Consultancy Services with a target price of Rs 3495. The current market price of Tata Consultancy Services is Rs 3290.95. Time period given by analyst is Intra Day when price can reach defined target.

Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1213788.22 Crore) operating in IT Software sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 44636.00 Crore, up 4.52 % from last quarter Total Income of Rs 42706.00 Crore and up 9.71 % from last year same quarter Total Income of Rs 40684.00 Crore.

Investment Rationale
Price at the cusp of breaking above a triangular consolidation of last four months and a higher base at the 100 days EMA

Promoter/FII Holdings
Promoters held 72.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 15.9 per cent, DIIs 7.8 per cent and public and others 4.3 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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