Tata Consultancy Providers Ltd., integrated within the yr 1995, is a Massive Cap firm (having a market cap of Rs 1149673.94 Crore) working in IT Software program sector.
TATA CONSULTANCY SERVICES LTD The foremost merchandise/income segments embody consulting earnings and gross sales of kit and software program licenses for the yr ended 31-March-2021.
For the quarter ended 31-03-2022, the Firm has reported Consolidated Whole Revenue of Rs.51572.00 Crores, a development of two.96% over final quarter’s Internet Revenue of Rs.50090.00 Crores and up from Rs.44636.00 Crores for the corresponding quarter final yr. 15.54% larger. Firm has reported Internet Revenue after Tax of Rs 9959.00 Crore in newest quarter.
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TCS is poised to profit from robust demand and rising digital transformation alternatives. Main issues embody wage inflation, foreign money volatility and a doable slowdown within the US/Europe. The brokerage has a purchase ranking on 28x Mar’24E EPS with a TP of Rs 4,000.
Promoters held 72.3 per cent stake within the firm as on 31-March-2022, whereas FIIs held 14.15 per cent, DIIs held 7.85 per cent.
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