Buy Tata Consultancy Services, target Rs 2190: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has a buy call on Tata Consultancy Services Ltd. with a target price of Rs 2190.0 . The current market price of Tata Consultancy Services Ltd. is Rs 2103.8 Time period given by analyst is Intra Day when Tata Consultancy Services Ltd. price can reach the defined target. Chandan Taparia recommended to keep stoploss at Rs 2060. Tata Consultancy Services Ltd., incorporated in 1995, is a largecap company with a market cap of Rs 805455.65 crore.

Tata Consultancy Services Ltd. key Products/Revenue Segments include Information Technology & Consultancy Services which contributed Rs 97356.00 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 34261.00 Crore, up 6.82 % from last quarter Sales of Rs 32075.00 Crore and up 15.81 % from last year same quarter Sales of Rs 29584.00 Crore Company has reported net profit after tax of Rs 7362.00 Crore in latest quarter. The company’s top management includes Dr.P K Khosla, Dr.R Sommer, Mr.A Mehta, Mr.N Chandrasekaran, Mr.N G Subramaniam, Mr.O P Bhatt, Mr.Rajesh Gopinathan, Ms.Aarthi Subramanian, Prof.C M Christensen. Company has B S R & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 3,828,575,182 shares outstanding.