TCS Share: Purchase Tata Consultancy Providers, Goal Value Rs 3420: ICICI Direct

ICICI Direct has positioned a purchase name with a goal worth of Rs 3420. The present market worth of Tata Consultancy Providers is Rs 3299.2. The time interval given by the analyst is intraday when . The worth might attain the goal set.

Tata Consultancy Providers Ltd., included within the yr 1995, is a Giant Cap firm (having a market cap of Rs 1207047.87 Crore) working in IT Software program sector.

TATA CONSULTANCY SERVICES LTD The key merchandise/income segments embody Consultancy Revenue and Gross sales of Gear and Software program Licenses for the yr ended 31-March-2022.

monetary scenario

For the quarter ended 30-06-2022, the Firm reported Consolidated Whole Revenue of Rs 53547.00 Crore, up 3.83% from final quarter’s Whole Revenue of Rs 51572.00 Crore and 16.07 from Rs 46132.00 Crore for the corresponding quarter final yr. % above. Firm has reported Internet Revenue after Tax of Rs 9519.00 Crore in newest quarter.

funding logic
The Bullish Hammer Like candle on the month-to-month chart on the 80% retracement of the CY21 rally is a good risk-reward.

Promoter/FII Holdings
As of June 30-June-2022, promoters held 72.3 per cent stake within the firm, whereas FIIs held 13.5 per cent, DIIs 8.36 per cent.

(Disclaimer: The suggestions made on this part or any report enclosed herein are authored by an outdoor celebration. The views expressed are these of the respective authors/entities. They don’t symbolize the views of The Financial Occasions (ET). ET Assure doesn’t warrant, endorse, endorse any of its contents and hereby disclaim all warranties, specific or implied, referring to the identical. Please seek the advice of your monetary advisor and search unbiased recommendation.

Supply hyperlink