TCS Share Price can go down to Rs 4456, see what is the updated news
Tata Consultancy Services (TCS), India’s largest IT services company, has reached a new all-time high share price of ₹4,592.25 on the National Stock Exchange (NSE) today. The stock has been on a steady upward trajectory, gaining nearly 3% after the company’s strong Q1FY25 earnings results were announced last month.
The IT major, which recently celebrated its 20th anniversary on the Indian stock exchanges, has been a consistent wealth creator for its investors. A ₹10,000 investment in TCS’s IPO in 2004 would now be worth an impressive ₹4,50,000, showcasing the company’s ability to deliver exceptional returns over the long term.
Rs 493 is an important level for ITC Share, it can cross the high of 519 or it can fall till 430.
TCS’s Q1FY25 results were well-received by the market, with most brokerages either upgrading the stock or raising their price targets. Jefferies, for instance, double upgraded the stock to ‘buy’ after the results. The company’s consolidated net profit for the quarter stood at ₹11,390 crore, a 5% sequential increase, although slightly below analysts’ estimates.
The stock’s strong performance can be attributed to TCS’s consistent financial performance, robust order book, and its ability to navigate challenging market conditions. The company’s focus on digital transformation, cloud migration, and emerging technologies like artificial intelligence and machine learning has been a key driver of growth.
TCS’s market capitalization currently stands at a staggering ₹16,21,035 crore, making it the largest IT company in India by market value. The stock has outperformed the broader market and its peers, with a 52-week high of ₹4,592.25 and a 52-week low of ₹3,311.00.
Analysts remain bullish on TCS’s growth prospects, with a consensus target price of ₹3,595 per share. The company’s strong presence in the banking, financial services, and insurance (BFSI) sector, which accounts for a significant portion of its revenue, is expected to continue driving growth.
TCS has also been actively returning capital to its shareholders through buybacks and dividends. The company recently announced its 5th buyback in the last 6 years, with an expected buyback price of ₹4,300 – ₹4,500 per share and a size of around ₹18,000 crore.
The company’s strong balance sheet, with zero debt for the past 5 years, and its ability to generate consistent cash flows have been key factors in its ability to reward shareholders.
Looking ahead, TCS remains well-positioned to capitalize on the growing demand for digital transformation and cloud migration services. The company’s recent partnership with Google Cloud to launch AI-powered cybersecurity solutions is a testament to its commitment to staying at the forefront of technological advancements.
Despite the stock’s strong performance, analysts believe there is still room for further upside. The company’s focus on investing in emerging technologies, upskilling its workforce, and expanding its global footprint is expected to drive long-term growth.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
