Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1060311.35 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 2.9 per cent and public and others 9.5 per cent.
Centrum Broking has given an add rating to Tata Consultancy Services with a target price of Rs 2970. The share price moved down by 1.30 per cent from its previous close of Rs 2824.80. The stock’s last traded price is Rs 2788.
Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1060311.35 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. The Company reported net profit after tax of Rs 7504.00 Crore in latest quarter.
Investment Rationale Relative Comfort in IT Services sector in the context of current market has already been driving P/E multiples sharply higher. Potential for strong growth acceleration in FY22E has also been aiding multiples. TCS now trades at 29.2x one year forward EPS (vs 3-year average of 22.3x one year forward EPS). The brokerage values TCS at 28x Sep22E EPS and the target multiple of TCS is at 12% premium to Accenture.
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 2.9 per cent and public and others 9.5 per cent.
