highlights
TCS stock is down about 10 percent in a year.
TCS stock has doubled investors’ money in 5 years.
In 2023, this stock has fallen by two percent.
TCS share price: Shares in IT giant Tata Consultancy Services have declined since the quarterly results. Also on Thursday, the shares of this Tata Group company closed down 1.53 percent. Although the company’s March quarter earnings and revenue increased on an annualized basis. But when the results didn’t come in as expected, the sale began. Even though TCS stock has fallen, the broker’s confidence in the stock remains intact. Three major brokerage houses in the country have recommended buying this stock. The broker says the company is able to rise to any challenge.
The broker believes that TCS will benefit from increasing demand in the IT sector in the coming days, even if the mood in the banking and financial segment is currently negative. TCS shares have provided good returns for long-term investors, doubling their money in 5 years. The company’s stock has fallen about 10 percent in the last year. TCS shares fell 1.53 percent to close at Rs 3,192 on Thursday.
Also read this – Bitcoin has started to gallop, the price is up 80% in 4 months and 32% in 1 month
What is the agent’s opinion?
Brokerage house ICICI Securities has advised investors to buy TCS shares, setting a price target of Rs.3786. That is around 17 percent more than the closing price on Thursday. The brokerage firm says the company’s fourth-quarter margin was not satisfactory. The company’s market share in its industry is steadily increasing. In the coming days, when the demand in the IT field will increase, TCS can benefit the most.
Also read this – As interest grew, discussions about term deposits began, is investing in them more beneficial than FD?
Religare Broking has also recommended investing in TCS and has given a target of Rs 3882. In terms of the current price, TCS could see a 20 percent jump in the coming period, according to brokers. The brokerage firm says there is strong momentum to close the deal. Better relationship with the company’s clients and customers is also a positive point.
Brokerage house Motilal Oswal has also recommended investing in TCS shares with a target of Rs 3860. In relation to the current price, Motilal Oswal is expected to yield 19% going forward.
(Disclaimer: The stocks mentioned here are based on the advice of the brokerage houses. If you are interested in investing in any of these stocks, consult a certified investment adviser first. News18 is not responsible for your gain or loss of any kind. Will happen. )
Be the first to read breaking news in Hindi News18 Hindi| Read Today’s Latest News, Live News Updates, Most Reliable Hindi News Website News18 Hindi.
Keywords: Business News in Hindi, Tips for making money, stock market, stock tips, TKS
FIRST RELEASED : April 13, 2023 at 11:05 p.m. CET
