Structural levers intact; growth to support valuations
IT services companies should see acceleration in structural growth over the medium term as corporates embark on a multi-year cloud-led upgrade...
253 Views
Tata Consultancy Services: Margin Expansion QoQ a Positive Surprise
The company's deal pipeline continues to be healthy at US$7.6 billion. We value TCS at Rs 4,530 i.e. 34x P/E on FY23E EPS...
203 Views
Tata Consultancy Services: Outlook Continues to Be Positive, Backed By Execution Prowess
We recommend a HOLD rating on the stock and assign a 30x P/E multiple to its FY24E earnings of Rs 135.2/share to arrive at a TP of Rs 4,110/share,...
190 Views
Growth optimism intact, but near term hiccups limit upside
In line CC growth, but miss on USD revenue and margin: TCS reported an in line revenue growth of 4% QoQ CC in 2QFY22. However, USD revenue growth...
171 Views
HSIE Results Daily: Tata Consultancy Services
Our target price of INR 4,180 is based on 32x Dec-23E EPS with EPS CAGR of 14% over FY21-24E. Tata Consultancy Services: We maintain ADD on TCS...
211 Views