Add Tata Consultancy Services, target price Rs 4100: HDFC Securities

HDFC Securities has add call on Tata Consultancy Services with a target price of Rs 4100.

The current market price of Tata Consultancy Services Ltd. is Rs 3749.75 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 1379820.14 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 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.

Promoter/FII Holdings
Promoters held 72.2 per cent stake in the company as of March 31, 2021, while FIIs held 15.6 per cent, DIIs 7.9 per cent and public & others 4.3 per cent.