TCS has consistently maintained its market leadership position and shown best-in-class execution. This renders the company with ample room to maintain its industry-leading margin and demonstrate superior return ratios. Motilal Oswal maintained its positive stance on TCS, given its strong growth outlook.
“Despite short-term volatility, the outlook for the sector and TCS is bright, thus investors should take advantage of this buyback. Overall, market participants with a short-term vision may find this to be a favorable opportunity. Those who are holding the shares can keep the shares for a long term horizon in mind.”
Is IT the right time to buy TCS?
TCS has a stellar record of high performance in the IT sector, and long-term holders gain from rallying in its share price. For December 2021 quarter, the company has reported a 12.2 percent higher consolidated net profit of 9.769 cr and 16.3 percent higher revenue, equal to Rs 48885.
Emkay Global has buy call on Tata Consultancy Services with a target price of Rs 4150. The current market price of Tata Consultancy Services is Rs 3875. Time period given by analyst is year when Tata Consultancy Services price can reach defined target.
Is TCS good for long term investment?
Investing in the stocks of such companies is always a good idea since they are capable of holding their own even during tough times, such as a recession. The lower volatility makes them a safer option for investment. Tata Consultancy Services: TCS happens to be the largest IT company in India in terms of market cap.
On January 12, the board of directors of TCS had approved the buyback of up to 4 crore shares for an aggregate amount not exceeding Rs 18,000 crore. The buyback size amounts to 1.08% of the total paid-up equity share capital. The company said it will buy shares at Rs 4,500 per share.
Which is better stock TCS or Infosys?
“As Infosys has been outperforming TCS, we expect no valuation divergence between the two companies. Based on our revised estimates, the stock is currently trading at 28 times FY23 EPS. We value the stock at 30 times FY24 EPS, implying a target price of Rs 2,310,” said Motilal Oswal Securities.
1 Is TCS giving a bonus in 2021? Ans. No, TCS company not declare any bonus in 2021.
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On January 12, 2022, the board of directors of TCS had announced the buyback of up to 4,00,00,000 fully paid-up equity shares of the face value of Re 1 each at Rs 4,500 per equity share for an aggregate amount of Rs 18,000 crore.
Why TCS stocks are falling?
IT stocks from the likes of Tata Consultancy Services (TCS), Infosys and Wipro succumbed to selling pressure on Wednesday, as investors geared up for the onset of the quarterly earnings season. … TCS dropped 0.6 percent for the day, Infosys 2.9 percent and Wipro 1.1 percent.
Why TCS stock is going up?
The research firm has maintained its add rating to the stock on solid revenue growth of 4% sequentially, ahead of its estimates. … “TCS has better-than-peers supply-side management, which will allow it to grow profitably,” the research firm said.
Why is TCS best?
TCS being one of the leading consultancy firm in the market and with quality working environment, Being in TCS will be an amazing opportunity to learn ,grow and explore and give the best of me ,Also above all. … Great learning experience and hands on latest technologies. Great colleagues and peers are very helpful.
Cash-rich Tata Consultancy Services (TCS) Ltd is walking the talk on its capital return commitment made to investors. It has announced a buyback of up to 4 crore shares with the IT company buying shares at ₹4,500 per share.
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Is ONGC a good stock to buy for long term?
Originally Answered: Is it good to invest in ONGC? Yes it is good to invest in ongc. Ongc is a large cap company and is providing good dividend. The company has good fundamentals and will be a great choice to invest for long term.