ETtechRelated
ICICI Securities has buy call on Tata Consultancy Services with a target price of Rs 3670. The current market price of Tata Consultancy Services is Rs 3471.75.
Time period given by analyst is Intra Day when Tata Consultancy Services Ltd. price can reach defined target.
Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1284662.05 Crore) operating in IT Software sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 46132.00 Crore, up 3.35 % from last quarter Total Income of Rs 44636.00 Crore and up 18.53 % from last year same quarter Total Income of Rs 38920.00 Crore. Company reported net profit after tax of Rs 9031.00 Crore in latest quarter.
Investment Rationale
Resolute breakout above the rising trendline joining last six months highs and MACD in buy mode.
Promoter/FII Holdings
Promoters held 72.2 per cent stake in the company as of March 31, 2021, while FIIs held 15.7 per cent, DIIs 7.8 per cent and public and others 4.3 per cent.
Time period given by analyst is Intra Day when Tata Consultancy Services Ltd. price can reach defined target.
Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1284662.05 Crore) operating in IT Software sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 46132.00 Crore, up 3.35 % from last quarter Total Income of Rs 44636.00 Crore and up 18.53 % from last year same quarter Total Income of Rs 38920.00 Crore. Company reported net profit after tax of Rs 9031.00 Crore in latest quarter.
Investment Rationale
Resolute breakout above the rising trendline joining last six months highs and MACD in buy mode.
Promoter/FII Holdings
Promoters held 72.2 per cent stake in the company as of March 31, 2021, while FIIs held 15.7 per cent, DIIs 7.8 per cent and public and others 4.3 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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