Buy Tata Consultancy Services, target price Rs 3358: Prabhudas Lilladher

Buy Tata Consultancy Services, target price Rs 3358: Prabhudas Lilladher
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Synopsis

Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1133145.13 Crore) operating in IT Software sector.

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.

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Prabhudas Lilladher has buy call on with a target price of Rs 3358. The current market price of Tata Consultancy Services is Rs 3013.8.

Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1133145.13 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 Crore and up 5 % from last year same quarter Total Income of Rs 40672.00 Crore. Company reported net profit after tax of Rs 8727 Crore in latest quarter.

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.

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