Buy Tata Consultancy Services, target price Rs 3330: Kotak Securities

Kotak Securities has buy call on Tata Consultancy Services with a target price of Rs 3330. The current market price of Tata Consultancy Services is Rs 3228.6. 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 1180757.58 Crore) operating in IT Software sector.

Tata Consultancy Services Ltd. key Products/Revenue Segments include Consultancy Income and Sale of Equipment & Software Licences for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 51572.00 Crore, up 2.96 % from last quarter Total Income of Rs 50090.00 Crore and up 15.54 % from last year same quarter Total Income of Rs 44636.00 Crore. Company reported net profit after tax of Rs 9959.00 Crore in latest quarter.


Investment Rationale
Into oversold territory and trading near its multiple support area hence reversal is expected

Promoter/FII Holdings
Promoters held 72.3 per cent stake in the company as of 31-Mar-2022, while FIIs owned 14.15 per cent, DIIs 7.85 per cent.