Key Points
Shares of Tata Consultancy Services (TCS) jumped over 3% to the days high of Rs 3,860.25 on the NSE after the brokerages remained upbeat on IT bellwether following its Q3 results wherein it beat revenue expectations even as the bottomline trailed Street view...
Morgan Stanley upgraded the stock to Overweight while raising its price target post the quarterly performance while Motilal Oswal and Nuvama reiterated their buy stance on the counter..
Motilal Oswal has reiterated a buy stance on TCS with a target of Rs 4,250 after the company reported earnings which beat its estimates..
This was despite demand constraints, it said.. Given its size, order book and exposure to long-duration orders and portfolio, TCS is well positioned to withstand the weakening macro environment and ride on the anticipated industry growth, Motilal said.. Owing to its steadfast market leadership position and best-in-class execution, the company has been able to maintain its industry-leading margin and demonstrate superior return ratios, the note said...
Calling TCS' Q3FY24 results solid, which were better than estimates, Nuvama reiterated a buy view on the counter for a target of Rs 4,500 which it revised upwards from an earlier target of Rs 4,400...
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