Should you buy/sell/hold TCS shares? Here's what analysts say
TCS share price target: Here is what global brokerages, JP Morgan, Citi, Morgan Stanley, Nomura and Jefferies make of TCS stock; check out targets and rating.
Tata Consultancy Services (TCS), India's leading IT company, has announced its Q2FY25 results and the final dividend of 1,000 per cent. This move has sparked mixed reactions among investors, with some wondering if it's the right time to buy, while others are considering selling their shares.
TCS Q2 Resuls
TCS Q2 Results: The largest IT firm, announced a 4.99 per cent year-over-year (YoY) increase in its Q2FY25 quarter net profit to Rs 11,909 crore. However, this growth was tempered by a narrowing profit margin.
Here are key highlights of financials:
>> Net Profit: Rs 11,909 crore (up 4.99 per cent YoY, down 1.1 per cent QoQ)
>> Revenue: Rs 64,988 crore (up 7.06 per cent YoY, 2.2 per cent QoQ)
TCS revenue rises to Rs 64,988 crore
The company's revenue growth was driven by a 7.06 per cent YoY increase, with revenues rising from Rs 60,698 crore in the year-ago period to Rs 64,988 crore.
Should you buy, sell or hold TCS shares?
Analysts from the global brokerages have maintained their ratings and revised the targets. Here is what they suggest:
JPMorgan on TCS
JPMorgan has maintained an 'overweight' rating on TCS shares with a target of Rs 5,100.
Citi recommends selling TCS shares
Citi has maintained a 'sell' call on the TCS stock with a target of Rs 3,935.
Morgan Stanley on Tata Consultancy Services stock
Morgan Stanley has maintained an 'overweight rating on the Tata Consultancy Services stock with a target of Rs 4,910.
Nomura on TCS stock
Nomura has maintained a 'neutral' rating on the TCS stock with a target of Rs 4,150.
Jefferies suggests buying TCS shares
Jefferies has maintained a 'buy' stance on TCS shares with a target of Rs 4,735.
Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.