Buy Tata Consultancy Services, target price Rs 3700: BNP Paribas

BNP Paribas has buy call on Tata Consultancy Services Ltd. with a target price of Rs 3700. The current market price of Tata Consultancy Services is Rs 3102. 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 1133116.73 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 30-06-2022, the company reported a Consolidated Total Income of Rs 53547.00 Crore, up 3.83 % from last quarter Total Income of Rs 51572.00 Crore and up 16.07 % from last year same quarter Total Income of Rs 46132.00 Crore. Company reported net profit after tax of Rs 9519.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 72.3 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.5 per cent, DIIs 8.36 per cent.