Is it a good time to buy TCS stock? 3,040 +111.75 (3.82%) Updated 03:29 04/01 IST. The stock has a fifty day moving average of $43.86 and traded as high as $53.80. Therefore, we maintain our Buy rating on the stock with a price target (PT) of Rs. Upside Price target. Further, we believe there are long term drivers for the company in terms of market share gains, acceleration in digital technologies and ability to win large deals based on company’s execution. See buy or sell ideas on FrontPage Forums >>. These strong weekly/monthly levels gives you a valuable share price forecast for TCS for today. Value. 2,400, given its increasingmarket share and lower attrition rate industrywide. Strong revenue growth outlook despite macro-economic concerns The management is confident of strong growth in FY20 despite macro- economic challenges in the environment. TCS’ estimation of recovery in 3Q-4QFY21 is a steep ask in context of 1HFY21 decline, but premised on its order-book and pipeline. 2,405 per share. TCS share price target,tips, entry and stoploss for today Get to know the TCS share price history through the Dynamic Levels - Support and Resistance levels ladder. Maintain Buy. Over time it is likely the management will rationalize subcontractor costs and replace them with its own lower-cost resources over time. Superior execution justifies rich valuation: TCS is expected to continue delivering strong revenue growth in FY2020E despite high base on account of superior digital capability, strong deal wins in the recent past and ability to stitch large transformational deals. Hence, we downgrade our rating from Buy to Hold on the stock with a revised PT of Rs. DISCLAIMER: Information is provided "as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed. At the CMP, the stock is trading at 23x/21x its FY2020E/FY2021E EPS, justifying premium valuation given its consistency and leadership position coupled with strong FCF generation and investor-friendly payouts. Price target in 14 days: 8075.030 VND. TCS currently trades at a rich multiple of ~23x FY21 EPS. Payout policy (80-100% of FCF), 90% FCF/PAT, ~4% FCF yield and 11/10% USD rev/EPS CAGR over FY19- 21E support valuations (currently at 20x FY21E). However, we continue to like TCS on account of strength in its business model, consistency, solid execution and strong FCF generation profile. TCS Share Price Target Today. Strong traction has also seen from digital space, which has reported strong growth of 46.4% for Q4 FY19 on YoY basis. Join 40,000 traders and investors. The management is also expecting to improve operating margins in forthcoming years. 3018.88. At CMP, the stock is trading at 22x/20x of its FY2020E/FY2021E earnings. This target P/E (highest in our universe) reflects the strong position that TCS holds in the Indian IT services industry through: (1) Breadth and depth in service lines, geographies and verticals, (2) Ability to stitch together integrated offerings, (3) Significant lead in automation skills, (4) Strong and stable base of experienced employees with contextual knowledge and (5) Strong platform and agile delivery capabilities. We expect Q4FY2020E to remain weak owing to tightening of spends by some of its large banking and retail clients. Get complete details on Tata Consultancy Services Ltd. share price data, company profile data, company news, intraday charts, EOD charts, financial data, peer comparison, company results, company reports, company meetings, investors returns data etc. EBIT margin contraction of 250bp YoY is a reflection of high pressure on earnings growth. Invest your money with Sharekhan . At the CMP, the stock is trading at 26x/23x its FY2020E/FY2021E earnings, making risk-reward ratio unfavourable when demand is moderating. Valuations at >1SD more than adequately factor in the recovery trajectory, although the improving nearterm visibility could keep the stock price elevated. The Container Store Group has only been the subject of … Stock is currently trading at 23.1x/ 21.1x FY20E/21E earnings. Cormark upped their target price on shares of Tecsys Inc. (TCS.TO) from C$33.50 to C$35.00 in a research note on Friday, September 11th. Soft Revenue Growth on Weak BFSI; 2Q Critical to Achieve Double-digit Growth. 107.4 per share which gives a target price of Rs. Valuations are stretched; Maintain Hold with a PT of Rs. 2,400. 2,150: We have downgraded our earnings estimates for FY2020E/FY20121E, factoring missin revenue and profitability. Our target price of Rs 1,980 is based on 21x FY22E (+2% increase in EPS estimate). We upgraded our multiple on back of strong deal win and order book which will help company deliver healthy growth over the next two years. Hence, we downgrade our rating from Buy to Hold on the stock with a revised PT of Rs. O. ATS Share Brokers Pvt.Ltd. To know more you’ll have to experience our services. Join 50,000 Indian traders and discuss trades, strategies, news & views on any stock. The board has recommended a final dividend of Rs 6 per share, taking the total dividend for the year to Rs 73. However, TCS has the ability to bounce back as seen in the 2008 global financial crisis. The share price is currently trading at 2862.75. close. TCS Stock Price Forecast, TCS stock price prediction. Cormark upped their price target on shares of Tecsys Inc. (TCS.TO) from C$33.50 to C$35.00 in a research note on Friday, September 11th. Outlook & Valuation: TCS is seeing good traction in digital space despite weakness in BFSI segment and the management is confident of continuing its medium term growth path on the back of a strong deal pipeline. Client addition for TCS remained high during Q2FY20 which will help to generates sustainable growth over long term. Tata Consultancy Services (TCS) largest IT exporter in India has witnessed strong demand but reported sluggish growth in revenue terms and in operating margins, TCS reported sluggish growth of 2.1% for Q2 FY20 on QoQ basis in constant currency terms and 5.8%on YoY basis in rupee terms at Rs. However, we continue to like TCS on account of strength in its business model, consistency, solid execution and strong FCF generation profile. PER. Nevertheless, TCS should be able to better navigate through these challenges (v/s the rest of the industry). Our TP is Rs 2,420 at 24x Jun-21E EPS, with ~2% cut in earnings estimates. At CMP of INR 2014, the company is trading at 20.1x FY21E EPS. However, if the trend reverses from this point, then a possible future share price target could be 2686. thebighead07 Logically think if PV’s boss willing to accept the shares at RM0.50 each meaning to say TCS won’t disappoint him in their share price also.. Takkan … Are you a financial expert? Robust business structure, leadership in the field of IT services and digital transformation makes TCS a lucrative bet. India's largest IT services firm Tata Consultancy Services (TCS) has initiated buyback of shares on December 18. At the CMP, the stock is trading at 24x/22x its FY2020E/FY2021E EPS, which commands an industry-leading PE multiple, given its consistency and leadership position. We believe TCS can deliver industry-leading growth and have positive view on the stock, however acknowledge the fact that margins will be tepid due to industry wide supply side pressure. is an Authorised Member of NSE, BSE, MCX, MCX-SX and NCDEX. multiple methodology. Hence, we maintain HOLD on the stock with a revised target price of Rs 2400. Hence, we stay positive on the stock from a long-term perspective. The buyback will see TCS buyback 1.42% outstanding equity shares of the company at Rs 3,00 per share. Signup. Valuation – Valuations are stretched; downgrade to Hold with a revised PT of Rs. We maintain BUY on TCS following an inline 4QFY19. FrontPage. ( 11436 ), 0 The strengths of TCS in automation, platforms, a stable workforce, ‘location- independent agile’ methodology, etc help to keep its margins among industry’s best. Rich multiples (22x FY22E EPS) leave limited upside in the stock, in our view. We assign 21x P/E multiple to its FY21E earnings of Rs. Our TP of INR2,320 implies a fair valuation of ~21x FY22 EPS. Maintain Neutral. TCS has robust business structure and leadership in the field of IT services and digital transformation. Laurentian Bank of Canada (LB.TO) increased their price objective on Tecsys Inc. (TCS.TO) from C$34.50 to C$38.00 in a research report on Monday, October 5th. With the stock trading at over Rs 2,850 per share, the buyback price is now at only a … We do not see this situation changing even during the downturn that we forecast - a 0% industry growth in FY21. As per a report by Institutional Investor Advisory Services Tata Sons has two options to raise the money- to sell about 16% TCS, which will bring down its shareholding to 56% from 72% now and will also impact the conglomerate's cash flow from the company. Demand outlook for the medium term remains healthy considering strong deal wins. 2,300. Further, leakage in existing/old projects and/or delay in decision making on spending programmes owing to uncertain macros and upcoming election could impact its growth in the near term. Net cash flow from operations was Rs 88.09 billion which is 109.4% of the net income. 2306, an upside of 7%. FrontPage is India's Stock Market Social Network. Wall St. target price: INR2122.44: PE ratio : 32.7861: Dividend yield : INR35 (1.31%) Earnings per share (TTM) INR81.681: Promoted. All industry and geography segments plunged, barring healthcare and Europe. We maintain Buy rating with target price of Rs.2291 valued at 22.5x FY21E earnings. Macro environment for global IT spending is improving and is expected to increase 3.5%/2.8% in CY20E/21E. Price Target Upside/Downside. We assign 22.4x P/E multiple to its FY20E earnings of Rs. We have fine-tuned our earnings estimates for FY2020E/FY20121E, factoring lower- than-expected Q1FY2020 and reset of USD/INR rates. The management has stated that it intends to participate aggressively in all the tendering process and hence the use of subcontractors, given supply-side constraints in the US. TCS’s valuation premium is justified given its solid & predictable earnings track record. We have made trading easy to our customers in such a way that our customers can trade anywhere, anytime. Updated: 04 Jan 2021, 03:30 PM IST Staff … However, margins are likely to recover to an extent because of normalization of utilization. Login . We value the company using P.E. ATS offers lowest brokerage charges with no hidden cost. We maintain REDUCE on TCS following a miss on rev and slightly better operating performance. The current market price of Tata Consultancy Services Ltd. is Rs 2893.0 . Thus, we expect the stock to remain subdued in the next quarter owing to below-par revenue performance. Our TP of Rs 1,680, is based on 19x FY22E EPS (~5% cut in EPS est). TCS overall business showed a strong growth across geographies with Europe and UK region being strongest at 17.5% YoY growth and 21.3% YoY growth respectively. TCS Share Long Term Investment Price Target: TCS Long Term Investment Tagets Price Qnt.Ratio; Lot-1 ₹2,135.53: 20 [1X] Lot-2 ₹1,982.99: 40 [2X] Lot-3 ₹1,830.45: 80 [4X] Lot-4 ₹1,677.91: 180 [8X] TCS Fundamentals SWOT Analysis by AMT Strengths, Weaknesses, Opportunities, and Threats of TCS. TCS BUYBACK 2020 | LATEST TCS NEWS | TCS BUY BACK RECORD DATE | TCS DIVIDEND & BUYBACK PRICE. 38,977 crs. However achieving its aspirational margins of 26-28% will be difficult at current exchange rate and company will strive to better its margin in subsequent quarters. On the margin front, we expect EBIT to improve 50-60 bps over FY20/21. We downgrade our earnings estimate by 1.8%/6% for FY20/FY21 due revision in rupee assumption to ` 70 for FY20/FY21 (vs Rs 72/ Rs 74 for FY20/FY21 earlier). Post 4QFY19, we retain Sell rating on TCS with a March 2020 target price of Rs1,614 (at a target P/E of 16.5x FY21E EPS, 1 SD below the mean for the past five years). core) and geographies are driving double-digit growth. The package from ATS is designed for those, who wants to earn higher returns when compared to regular intraday packages. The strengths of TCS will help it gain market share despite its size and also help to keep its marginsamong industry’s best. TCS’ growth and scale leadership in digital (USD 6.7bn annualized) are key differentiators. SOURCE: Data from D'Market via Quandl. We maintain BUY on TCS following a miss on revenue and an inline margin performance. TCS is our top large cap IT pick. Continuity in strong deal wins, broad-based growth across verticals (esp. They advised stock market investors to buy TCS shares at around Rs 2400 for the target of Rs 2,700 in next three months. We retain our Sell rating on TCS with a March 2020 target price (TP) of Rs1,601 (at a target P/E of 16.5x FY21E EPS, 1 SD below the mean for the past five years). Margin/attrition differential vs. peerset reflects superior execution. We, therefore, lower our EBIT margin estimate for FY20 by 110bps to 24.8%. Valuations are stretched; downgrade to Hold with a revised PT of Rs. Demand-related factors to worsen while supply constraints are expected to recover ahead. Tata Consultancy Services (TCS) largest IT exporter in India has witnessed strong demand across segments. However weaker IT spending may lower growth momentum. 17 TCS share price target reports by brokerages below. 2,300. TCS has been the subject of several other reports. Therefore, we maintain our Buy rating with a revised PT of Rs. The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us. Our Service Desk is operational on all trading days between 9:00am to 11:30pm. However, we believe margin would recoverin the coming quarters from Q2FY2020 level on account of operationalefficiencies and control on subcontracting expenses. Improved deal wins, stronger exit rate, broad based growth, robust pipeline & stable pricing environment will help TCS to deliver double digit growth in FY20E. We expect USD revenue/EPS CAGR of 7%/7.5% over FY19-21. However, the soft outlook for the near term and rich multiples (~23x FY21EPS) should limit the upside in the stock. Ask questions and get answers on live TCS message board. India’s largest IT company Tata Consultancy Services has announced a repurchase of 5,33,33,333 (Five crore thirty three lakh thirty three thousand three hundred thirty three) equity shares for an aggregate amount of not more than Rs.16,000 crore with a pricing of Rs.3000 per share. TCS’ strong TCV wins, improving YoY growth in BFSI, all-round vertical growth, rising Digital revenue and healthy 4Q exit rate drive confidence on underlying momentum, and we expect the IT major to comfortably post double-digit revenue growth in FY20E (>11%). Key positives include the following: (1) growth recovery is expected from 2Q (reversal of supply dent ~150bps); (2) BFSI vertical resilience is supported by strong deal wins (bookto-bill at 1.33x ex-Standard Life) and pipeline; (3) recovery trajectory is expected in continental Europe; (4) the company’s strong cash generation is supported by a stable DSO in a tough quarter. Maintain Buy with a PT of Rs. 2942.58. We downgrade our operational earnings estimate by 2-4%. Due to limited upside potential and expensive valuation, we maintain our Hold rating on the stock with unchanged target price of Rs 2225 valuing it at 23x FY20E EPS, giving an upside of 4.3%. We value the stock at 1 Std Deviation of 3-Yr historical average FY21E of 22.9x. TCS has been the subject […] TCS posted a strong results beating consensus estimates on revenues & margins. Tata Consultancy Services Ltd. Share Price Target and Information. We expect a USD revenue growth of 9%/10% in USD terms for FY20/FY21, which factors in healthy growth in the BFSI vertical. Growth performance this quarter only dampens the FY20 growth prospects further. TCS is announcing its results on Friday. Risks to our thesis include macro slowdown in NorthAm/Europe and INR appreciation. Nonetheless, strong TCV wins and deep participation in clients’ digital transformation journeys are likely to TCS remains one of the growth leaders in the Indian IT sector, even as this leads to potentially longer sales cycles. Hence, we remain positive on the stock from a long-term perspective. However, we continue to like TCS on account of strength in its business model, consistency, solid execution and strong FCF generation profile. lowest cost/attrition, large agile workforce, early investments in building digital capabilities & strong execution. Initiate payout through Back office by 8.30am and within 6.30pm funds will be credited to client's bank account. Invested funds as at March 31st stood at Rs 443.11 billion. TCS price target in 14 days: 3058.200 INR* upside and 2904.890 INR* downside. Open a Demat account, easy & convenient, no stamp duty, reduced paper work and experience fast, secure and seamless trading. At the CMP, the stock is trading at 23x/21x of its FY2021E/ FY2022E earnings, making risk-reward ratio unfavourable when demand is moderating. Over the medium term, we expect TCS to be a key beneficiary of the COVID-19-driven increase in technology intensity across verticals. Tata Consultancy Services (TCS) reported a sharp 7.1% (QoQ) dip in USD revenue growth in Q1FY21 versus our 4.0% decline estimate. Increasing our EPS estimates marginally by 2% for FY20E/FY21E, we maintain our BUY recommendation on the stock with a revised Target Price of Rs2,350 (from Rs2,300 earlier). TCS also won multiple deals across segments in Q2 FY20; on hiring front, employee addition remained strong during Q2 FY20 which denotes the healthy demand outlook in medium term TCS management is keen on achieving double digit growth in FY20. While the peak of COVID-19-led uncertainty may be behind, near-term negative surprises related to demand, pricing, and collections cannot be ruled out. Target 3. There are currently 1 hold rating for the stock, resulting in a consensus rating of "Hold." Tecsys Inc. (TCS.TO) shares last traded at $51.11, with a volume of 31,345 shares changing hands. This target P/E (highest in our universe) reflects the strong position that TCS holds in the Indian IT services industry through: (1) Breadth and depth in service lines, geographies and verticals, (2) Ability to stitch together integrated offerings, (3) Significant lead in automation skills, (4) Strong and stable base of experienced employees with contextual knowledge and (5) Strong product, platform and agile delivery capabilities. Further, leakage in existing/old projects and/or delay in decision making on spending programmes owing to uncertain macros and upcoming election could impact its growth in the near term. Hikes the FY21-23 estimated EPS by 3.5-8.4% for TCS, and consequently raised the target price to Rs 3,030 apiece, which values TCS at 27 times September FY22 earnings TCS’ commentary on demand underscores the brokerage’s thesis of strong digital transformation demand Hence we continue to retain our “HOLD” rating on the stock with a target price of Rs. 1y Target Est: 44.80: Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. TCS is currently trading at a P/E multiple of 23.0x/20.9x on FY20E/FY21E earnings. (4) Strong and stable base of experienced employees with contextual knowledge. TCS Buy or Sell - FrontPage Forums. Our TP is Rs 2,410 implying 24x FY21E EPS, with ~1% change in est. Further, TCS’ Secure Borderless Workspace (SBW) delivery model and Machine First Delivery Model (MFDM) framework will provide unique differentiation for its services. 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