Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 845224.66 Crore) operating in IT Software sector.
By ETMarkets.com | Updated:
Promoters held 72 per cent stake in the company as of June 30, 2020, while FIIs held 15.8 per cent, DIIs 8.1 per cent and public and others 4 per cent.
Edelweiss has given buy rating to TCS with a target price of Rs 2586. The share price moved up by 0.85 per cent from its previous close of Rs 2252.05. The stock’s last traded price is Rs 2271.20.
Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 845224.66 Crore) operating in IT Software sector.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 38322.00 Crore, down 4.07 % from last quarter Sales of Rs 39946.00 Crore and up .39 % from last year same quarter Sales of Rs 38172.00 Crore. The Company reported net profit after tax of Rs 7049.00 Crore in latest quarter.
Investment Rationale TCS, with its 450K plus workforce trained in digital transformation & cloud, will be key beneficiary of the wave of spending on technology as companies spend more to retain customers, fulfill their experience expectations and upgrade capacity of core infrastructure to handle the surge in online activity. The brokerage is extremely bullish on technology sector as it believes it is at “BOTTOM OF UPCYCLE” and large players like TCS will gain substantially in the upcycle. Promoter/FII Holdings Promoters held 72 per cent stake in the company as of June 30, 2020, while FIIs held 15.8 per cent, DIIs 8.1 per cent and public and others 4 per cent.
Trending stocks: TCS share price rises 1% in early session
