TCS share price

Tata Consultancy Services (TCS) will remain in focus today after the company declared its September quarter earnings with profitability shooting past the Rs ...

Hence, we maintain a 'buy' on TCS with an unchanged Price Target of Rs 3,650. The demand sustainability is a key, management commentary was mixed, reported CNBC-TV18. The margin was benefitted from operational efficiencies and currency. Increasing global macro uncertainties remain an overhang for demand visibility for the IT sector and would also restrict any meaningful valuation re-rating in near term. "We maintain our positive stance on TCS. The margin improvement was on expected lines, easing supply side to aid margin. The deal wins at $8.1 billion was steady on-year. The orderbook was healthy of $8.1 billion. Also, the UK/Europe business surprised positively & US remained steady. Net cash from operations came in at Rs 10,675 crore or 102.3 percent of net income, the company said. It expect TCS to deliver 12 percent EPS CAGR over FY22-24. The company said its operating margin came in at 24 percent, contracting 1.6 percent YoY.

TCS share price rose half a per cent to Rs 3140 on NSE on Tuesday after the company declared its September quarter earnings with profitability surpassing ...

(The stock recommendations in this story are by the respective research analysts and brokerage firms. We believe strong demand and pipeline are likely to keep up earnings growth in coming quarters,” the research firm said. [TCS](https://www.financialexpress.com/market/stock-market/tata-consultancy-services-ltd-stock-price/?utm_source=fe_Story&utm_medium=fe_Tags&utm_campaign=referral) share price rose half a per cent to Rs 3140 on NSE on Tuesday after the company declared its September quarter earnings with profitability surpassing the Rs 10,000-crore mark. Motilal Oswal has a ‘buy’ rating on the IT stock with a target price of Rs 3,580, implying a 15% upside potential. However, the management remains watchful of the macro situation and does not see any material change in the client behavior. We maintain our positive stance on TCS,” it said.

TCS share price: The stock of the IT services exporter declined 1.15 per cent to Rs 3085.25 on the BSE. At the NSE, it fell 1.04 per cent to Rs 3086.

The reporting quarter saw an 18 per cent jump in revenue to Rs 55,309 crore as against Rs 46,867 crore in the year-ago period, but it was a 1.60 percentage points narrowing in the operating margin to 24 per cent which crimped the profit growth. At the NSE, it fell 1.04 per cent to Rs 3,086. The stock of the IT services exporter declined 1.15 per cent to Rs 3,085.25 on the BSE.

The company has a strong track record of distributing dividends to its shareholders. The first interim dividend of ₹8 per equity share for the financial ...