Sell Tata Consultancy Services, target price Rs 3410: Yes Securities

Yes Securities has sell call on Tata Consultancy Services Ltd. with a target price of Rs 3410. The current market price of Tata Consultancy Services is Rs 3586.65. 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 1326627.78 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 31-12-2021, the company reported a Consolidated Total Income of Rs 50090.00 Crore, up 4.40 % from last quarter Total Income of Rs 47978.00 Crore and up 17.29 % from last year same quarter Total Income of Rs 42706.00 Crore. Company reported net profit after tax of Rs 9806.00 Crore in latest quarter.

Investment Rationale
The stock is approaching the lower end of the sideways range after breaking down from a bearish flag pattern suggesting weakness. Further, RSI is also suggesting lower levels in the coming sessions.


Promoter/FII Holdings
Promoters held 72.19 per cent stake in the company as of 31-Dec-2021, while FIIs owned 14.98 per cent, DIIs 7.93 per cent.