Buy Tata Consultancy Services, target price Rs 3660: BNP Paribas

BNP Paribas Securities has buy call on Tata Consultancy Services with a target price of Rs 3660. The current market price of Tata Consultancy Services is Rs 3216.15. Time period given by analyst is one year 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 1176860.69 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-2022.



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.



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.