Predicting upside move in the IT counter in short-term Tirthankar Das said that one can buy TCS shares in the range of ₹3250 to rs 3270 for the target of ₹3675 maintaining stop loss at ₹3120. It has recently generated a breakout above six months range facing resistance for multiple number of time."
On why one should buy TCS shares today Tirthankar Das said, "In structural uptrend forming higher peak and higher trough in all time frame. However, Ravi Singhal, Vice Chairman at GCL Securities said that the stock is a portfolio stock and one can buy the counter for long-term eyeing ₹900 target in next two years. One can buy the stocks in the range of ₹520 to ₹525 for the target of ₹585 maintaining stop loss at ₹487." Speaking on the Wipro share price target Tirthankar Das of Ashika Stock Broking said, "Wipro shares are taking support at 23.6 per cent retracement of recent up move and previous breakout area signaling further upward momentum in coming sessions. Also since the sector is cash-rich we would recommend looking to buy them on dips as the outlook for the next 2 years looks good on the back of stronger growth supported by large deal wins."Īsked about the shares to buy today when the stock market opens today experts recommended Wipro, TCS and Tech Mahindra stocks. Positive commentary by the players in terms of margin and CC (constant currency) growth led to PE expansion of all the companies and right now most of them are trading at valuations that are above the 10-year historical averages showcasing higher growth expectations. This has resulted in strong deal momentum and large deal bookings for large IT players. TCS also stayed highlighted when it was named the leader in the 2021 Gartner Magic Quadrant, Asia Pacific, for Managed Workplace Services.Highlighting the fundamentals supporting IT stocks in upcoming trade sessions Jitesh Ranawat Head Institutional Sales at Marwadi Shares and Finance said, "IT sector has been the bellwether of the Indian stock markets and has performed really well in the past one year on the back of digitisation. It reported a 15% rise in Q4 profits and added the highest ever number of employees in the quarter. Israel's first fully digital bank signed up with the Banking Service Bureau of TSC BaNCS as its first customer. TCS also rolled out the Secure Borderless Workspaces model during the pandemic induced lockdown. The company was awarded the Best Patents Portfolio when it applied for a record 5.634 patents as of December 2020. TCS also stayed highlighted when it was named the leader in the 2021 Gartner Magic Quadrant, Asia Pacific, for Managed Workplace Services.
In 2020, the company incorporated another wholly-owned subsidiary in Ireland, whereas the one in the USA was liquefied in December 2020. As of March 2018, TCS had 50 subsidiaries and was ranked as the fastest growing IT service brand making it one among the top 3 such ventures. (another subsidiary) acquiring a 100% stake in TCS Management Pty Ltd., in Australia. The global presence of TCS is marked by various acquisitions, which include TCS Netherlands BV (a wholly owned subsidiary) acquiring 75% stakes in Technosoft SA (Switzerland) and TCS FNS Pty Ltd.
Following their takeover in 2004-05, WTI Advanced Technology Ltd and TCS Business Transformation Solutions Ltd became its subsidiaries. The company was established in 1968, and MD CEO Rajesh Gopinathan is now in charge. TCS is operational through 147 delivery centres in 21 countries and 285 offices across 46 countries. With a presence in over 46 countries, Tata Consultancy Services is a leading global IT consulting services and business solutions organization.
Tata Consultancy Services Ltd is a part of India's biggest multinational group, Tata Group. TCS claims to be the largest company in the IT sector in the world by Market capitalization as of February 2021. Headquartered in Mumbai and it is an Indian multinational company that deals in information technology services and consulting.
This company is found listed on the Bombay Stock Exchange (BSE), having the code 532540 and on the National Stock Exchange (NSE) with the symbol TCS. Founded in 1968, the company has reported quarterly revenue of INR 36,017.00Cr at the end of March 2021. Its market capitalization is worth INR 11,81,218.07 Cr as of 16th April 2021. Tata Consultancy Services Limited is engaged in the business of IT consulting & software.