ICICI Direct has buy call on Tata Consultancy Services Ltd. with a target price of Rs 3179. The current market price of Tata Consultancy Services Ltd. is Rs 3125.9.
Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1171494.51 Crore) operating in IT Software sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 42706.00 Crore, up 4.04 % from last quarter Total Income of Rs 41049.00 Crore and up 5.00 % from last year same quarter Total Income of Rs 40672.00 Crore. Company reported net profit after tax of Rs 8727.00 Crore in latest quarter.
Investment Rationale
Short term trend line breakout joining recent highs
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 others 4 per cent.
