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ICICI Direct has given buy rating Tata Consultancy Services with a target price of Rs 2510. The share price moved up by 0.85 per cent from its previous close of Rs 2464.60. The stock’s last traded price is Rs 2485.55.
Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 935544.55 Crore) operating in IT Software sector.
Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 38322.00 Crore, down 4.07 % from last quarter Sales of Rs 39946.00 Crore and up .39 % from last year same quarter Sales of Rs 38172.00 Crore. The Company reported net profit after tax of Rs 7049.00 Crore in latest quarter.
Investment Rationale
The brokerage says that the price is taking support at 38.2 per cent retracement of recent up move.
Promoter/FII Holdings
Promoters held 72.05 per cent stake in the company as of March 31, 2020, while FIIs held 15.74 per cent, DIIs 8.07 per cent and public & others 4.14 per cent.
Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 935544.55 Crore) operating in IT Software sector.
Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 38322.00 Crore, down 4.07 % from last quarter Sales of Rs 39946.00 Crore and up .39 % from last year same quarter Sales of Rs 38172.00 Crore. The Company reported net profit after tax of Rs 7049.00 Crore in latest quarter.
Investment Rationale
The brokerage says that the price is taking support at 38.2 per cent retracement of recent up move.
Promoter/FII Holdings
Promoters held 72.05 per cent stake in the company as of March 31, 2020, while FIIs held 15.74 per cent, DIIs 8.07 per cent and public & others 4.14 per cent.