TCS shares hit 52-week - Buy, sell or hold? Check details here

TCS share price target: Tata Consultancy Services (TCS) is among the stocks that emerged as the biggest gainers as benchmark equity indices Sensex and Nifty climbed in early trade on Tuesday. 

The counter opened in green at Rs 4,503 and went on to hit the 52-week high of Rs 5,464.75 - a gain of Rs 1.67 per cent from the previous close of Rs 4,489.35. This is also the company's 52-week high of the stock on the BSE. The 52-week low of TCS is Rs 3,313. Last seen, the counter was trading at Rs 4,512.65.

TCS share price target

Brokerage firm Macquarie has added Tata Consultancy Services (TCS) to its "Marquee idea list". The brokerage has maintained its "outperform" recommendation on the stock and has raised the target to Rs 5,740 from Rs 4,750.

The brokerage said that TCS has created a legacy modernisation framework based on Artificial Intelligence.

Anil Singhvi's View on TCS

Zee Business Managing Editor also said that investors can buy TCS Futures for targets of Rs 4,530, Rs 4,555 and Rs,4585. He suggested that investors can keep a stop loss of Rs 4,440.

TCS share price history

The counter has given a return of around 106 per cent in 5 years. In one year and two years, it has given a positive return of 34 per cent and 33 per cent respectively.