Should you buy, sell or hold TCS stock?

Sandeep Singh

Aug 20,2024

Should you buy, sell or hold TCS stock?

Do you have the Tata group IT major in your investment portfolio? Here's what analysts make of Tata Consultancy Services (TCS) shares now. 

Macquarie maintains 'outperform' rating

The brokerage has raised its target for TCS shares to Rs 5,740 from Rs 4,750. 

Large R&D spends

According to Macquarie, although TCS spends only 1-1.2% of its revenue on R&D every year, it is a large figure. 

Macquarie sees potential for demand pickup in medium term 

The brokerage has added TCS to its list of marquee ideas.

Macquarie sees potential for demand pickup in medium term 

The brokerage has added TCS to its list of marquee ideas.

What market guru Anil Singhvi thinks

The market wizard believes that with fears of a recession in the world's largest economy now behind, IT stocks such as TCS are poised to jump. 

What market guru Anil Singhvi suggests

The market guru suggests buying TCS futures for targets of Rs 4,530, Rs 4,555 and Rs 4,585 with a stop loss at Rs 4,440. 

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