Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1200915.52 Crore) operating in IT Software sector.
Promoters held 72.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 15.9 per cent, DIIs 7.8 per cent and public and others 4.3 per cent.
Motilal Oswal has neutral call on Tata Consultancy Services with a target price of Rs 3250. The current market price of Tata Consultancy Services Ltd. is Rs 3153.5.
Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1200915.52 Crore) operating in IT Software sector.
Financials For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 44636.00 Crore, up 4.52 % from last quarter Total Income of Rs 42706.00 Crore and up 9.71 % from last year same quarter Total Income of Rs 40684.00 Crore. Company reported net profit after tax of Rs 9282.00 Crore in latest quarter.
Investment Rationale The brokerage keeps EPS estimates unchanged. While it continues to be positive on the company, it remains neutral given the elevated multiples. The stock currently trades ~25x FY23E EPS.
Promoter/FII Holdings Promoters held 72.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 15.9 per cent, DIIs 7.8 per cent and public and others 4.3 per cent.
