TCS: What should investors do with TCS shares post-Q4 results, dividend announcement? Check out share price target
TCS Q4 results, TCS dividend 2024 announcement, TCS share price target: Tata Consultancy Services (TCS) kicked off the fourth-quarter earnings season for India Inc on Friday, April 12. The results, announced post-market hours, were a mixed bag.
TCS dividend 2024
The Tata Group IT company also announced a final dividend of Rs 28 per share, record deal wins, and a 100 basis point increase in operating margin. Read more on TCS Q4 FY24 results
Here's what brokerages make of TCS Q4 FY24:
Images: TCS website/Reuters
TCS share price target
TCS share price target
JPMorgan has upgraded TCS to 'overweight' from 'neutral' and raised its target for the stock to Rs 4,500 from Rs 4,000.
TCS share price target
TCS share price target
Morgan Stanley has maintained an 'overweight' rating with a target of Rs 4,350.
TCS share price target
TCS share price target
CLSA has maintained an 'underperform' rating with a reduced of Rs 3,941 per share instead of the Rs 4,043 per share earlier.
TCS share price target
TCS share price target
Jefferies has maintained a 'hold' call on the IT major with a raised target of Rs 4,030 per share instead of the Rs 4,000 per share earlier.
TCS share price target
TCS share price target
Goldman Sachs has maintained a 'buy' and raised its target for the stock to Rs 4,350 from Rs 4,320.
TCS share price target
TCS share price target
HSBC has maintained a 'buy' call with a target of Rs 4,540.
TCS share price target
TCS share price target
Nomura has maintained a 'reduce' rating with a target of Rs 3,250.
TCS share price target
TCS share price target
Citi has maintained a 'sell' call on TCS. However, the brokerage has raised its target for the stock to Rs 3,570 from Rs 3,500.