Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1071343.36 Crore) operating in IT Software sector.
Promoters held 72.1 per cent stake in the company as of June 30, 2020, while FIIs held 15.9 per cent, DIIs 8.1 and public and others 4 per cent.
Motilal Oswal has given a neutral rating to Tata Consultancy Services with a target price of Rs 2900. The share price moved up by 4.55 per cent from its previous close of Rs 2737.40. The stock’s last traded price is Rs 2861.95.
Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1071343.36 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 The brokerage expects the company to be relatively better positioned (v/s the sector) to navigate COVID-related challenges and benefit from the uptick in digital investments. While it continues to be positive on the company, it remains Neutral on rich multiples.
Promoter/FII Holdings Promoters held 72.1 per cent stake in the company as of June 30, 2020, while FIIs held 15.9 per cent, DIIs 8.1 and public and others 4 per cent.
