Sell Tata Consultancy Services, target Rs 1785: Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on Tata Consultancy Services Ltd. with a target price of Rs 1785. The current market price of Tata Consultancy Services Ltd. is Rs 1811.75. Time period given by the analyst is Intra Day when Tata Consultancy Services Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1830. Tata Consultancy Services Ltd., incorporated in 1995, is a largecap company with a market cap of Rs 679838.30 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 30-09-2018, the company has reported a Consolidated sales of Rs 36854.00 Crore, up 7.57 % from last quarter Sales of Rs 34261.00 Crore and up 20.67 % from last year same quarter Sales of Rs 30541.00 Crore Company has reported net profit after tax of Rs 7927.00 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. Company has B S R & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 3,752,384,706 shares outstanding.