Should You Buy TCS: The shares of TCS, the largest IT company in the country, are witnessing a spectacular boom today.
Should You Buy TCS:
Today, the shares of the country’s largest IT company TCS are seeing a great boom. In today’s business, the stock has risen nearly 5 per cent to reach a price of Rs 2877.90. This is a 1-year record high for the stock. The stock closed at Rs 2736 on Wednesday. Today it opened at a price of Rs 2800. In fact, the company has made a profit of Rs 7,475 crore in the second quarter, which is 6.7 percent higher on a quarterly basis. At the same time, revenue has increased by 4.73 percent to Rs 40135 crore.
Talking about experts and brokerage houses, after the TCS results, some are looking positive on the stock. At the same time, some have put a neutral rating on it. According to experts, TCS has performed better in the second quarter on revenue growth. Revenue grew 4.8 percent on a quarterly basis. Expansion of 260bp has been seen in EBIT margin. The company achieved a deal of $ 860 million in the second quarter, strengthening the orderbook. The company is also in a better position in terms of cash. Despite the challenges, the company is getting success in increasing market share. However, the valuation of the stock is still high.
Opinion of veteran brokerage houses on TCS
Brokerage house Sharekhan has given a Buy rating in the stock of TCS. The brokerage has set a target of Rs 3,150 for the stock. The stock closed at Rs 2736 on Wednesday. That is, you can get a growth of Rs 414 in the stock.
Brokerage house Motilal Oswal has given Neutral rating in TCS stock. The brokerage has set a target of Rs 2900 for the stock. The stock closed at Rs 2736 on Wednesday. That is, 6 percent growth can be achieved in the stock.
Brokerage House Centrum rated Add on TCS. The brokerage has set a target of Rs 2970 for the stock. Growth has been seen in the company’s BFSI, Retail, Life Science which will continue even further. The company’s margins continue to improve.
Brokerage house Prabhudas Liladhar has given a Buy rating on TCS. The brokerage has set a target of Rs 3200 for the stock. The stock closed at Rs 2736 on Wednesday. In this sense, the stock can get growth of Rs 464.
Brokerage house CITI has a Sell rating on TCS. The target for the stock has been fixed at Rs 2350. According to the report, the stock may be under pressure in the short term. The stock has already gained a lot.
(Note: We have given information here based on the performance of the company and the report of the brokerage house. Seeing the risk of the market, take the opinion of the expert before investing.)
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