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Top Expert Said “Buy This Tata Group Share Now”; This Share Is Increasing Rapidly

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Tata Consultancy Services Ltd (TCS) (NSE: TCS): Global brokerage has advised to purchase shares in Tata Consultancy Services Ltd with a price target of between Rs 4,330 and Rs 4,450.

It is noteworthy that this is a time in the market when despite the Nifty continuously hitting an all-time high, nothing special is happening in the Nifty IT index. In such a situation, the analyst’s advice to buy big I stock like TCS is very important.

The Brokerage has advised to keep a stop loss of Rs 3950 after buying the shares of Tata Consultancy Services Limited.

Shares of Tata Consultancy Services i.e. TCS closed at the level of Rs 4,139 on Wednesday with a fall of 1.27 percent.

TCS shares reached its new 52-week high of Rs 4241 on Wednesday. TCS shares gave a return of 28.74% to its investors in the last year while it gave a return of 102.90% in the last 5 years.

According to the Brokerage, the share price of Tata Consultancy Services has crossed multiple top resistances of Rs 4,000 on the monthly chart. 

The cost of TCS shares is growing quickly, making higher highs as well as lower lows in the chart weekly. It is expected that large-cap IT stocks will perform better in the coming days.

Returns Of Tata Consultancy Services shares

The 52-week high price of TCS shares on BSE is Rs 4241 per share and the 52-week low price is Rs 3070.30 respectively.

Shares of Tata Consultancy Services have gained 16.40% in the last 2 years, 37% in the last three years, and rallied 285% in the last 10 years. TCS stock rose 4.49% in the last week and the stock has gained 14% in the last 3 months.

Tata Consultancy Services Dividend In 2024 And Dividend History

Tata Consultancy Services’ board of directors has declared the company’s third dividend, which was Rs 9, and also a unique dividend of Rs 18 per equity share that has a worth of 1 Re on the 11th of January 2024, as per its BSE filing.

The company has set the record date as 19 January 2024. Tata Consultancy Services Limited has declared 83 dividends since 28 October 2004.

In the last 12 months, TCS announced an equity-based dividend amounting to Rs 69.00 per share.

TCS Bonus Share History

Tata Consultancy Services Limited offered 3 bonus shares with effect from July 28, 2006. Its last bonus issue was announced in the ratio of 1:1, with the ex-bonus date fixed on May 31, 2018.

It had announced 1:1 bonus shares in 2009 and then issued a 1:1 bonus in 2006.

Tata Consultancy Services Q3 Results

The company on the 11th of January 2024, 2024, announced its net income of Rs 11,058 crore for the period ending the 31st of December, 2023 which is 22% more than the previous quarter’s Rs 10,846 crore.

About Tata Consultancy Services Ltd (TCS) 

TCS is a well-known Indian multinational IT consulting and services firm headquartered in Mumbai. With a presence in 150 cities in 45 countries, TCS has been a trusted partner for global companies for over 50 years. 

Tata Consultancy Services Limited (TCS) is a subordinate business that is part of Tata Sons Pvt Ltd. The company was established with the date of 1968. 

TCS is listed as the best IT services firm in research conducted by Brand Finance and has consistently been ranked among the top IT service companies by various analysts in the field.

With a variety of solutions and services, TCS makes use of cutting-edge technology to enable business transformation.

The company is present across Latin America, North America, Europe, Asia-Pacific, the Middle East, and Africa. 

Fundamental Analysis of Tata Consultancy Services Ltd (TCS)

Market Cap₹ 15,07,512 Cr.
Current Price₹ 4,139
52-wk High₹ 4,241
52-wk Low₹ 3,070
Stock P/E33.1
Book Value₹ 278
Dividend1.13 %
ROCE58.7 %
ROE46.9 %
Face Value₹ 1.00
P/B Value14.9
OPM26.3 %
EPS₹ 123
Debt₹ 7,764 Cr.
Debt to Equity0.08

Tata Consultancy Services Ltd (TCS) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 3,900₹ 4,500
2025₹ 4,800₹ 5,260
2026₹ 5,800₹ 6,800
2027₹ 7,000₹ 7,900
2028₹ 8,000₹ 8,490
2029₹ 8,600₹ 9,500
2030₹ 10,000₹ 10,500
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 Tata Consultancy Services Ltd (TCS) Shareholding Pattern

Promoters Holding
Dec 202272.30%
Mar 202372.30%
June 202372.30%
Sept 202372.30%
Dec 202372.41%
FII Holding
Dec 202212.94%
Mar 202312.72%
June 202312.46%
Sept 202312.47%
Dec 202312.46%
DII Holding
Dec 20229.25%
Mar 20239.55%
June 20239.80%
Sept 202310.01%
Dec 202310.03%
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Govt. Holding
Dec 20220.05%
Mar 20230.05%
June 20230.05%
Sept 20230.05%
Dec 20230.05%
Public Holding
Dec 20225.45%
Mar 20235.36%
June 20235.38%
Sept 20235.17%
Dec 20235.03%

Tata Consultancy Services Ltd (TCS) Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 146,463 Cr
2020₹ 156,949 Cr
2021₹ 164,177 Cr
2022₹ 191,754 Cr
2023₹ 238,818 Cr
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Last 5 Years’ Net Profit:

2019₹ 31,562 Cr
2020₹ 32,447 Cr
2021₹ 32,562 Cr
2022₹ 38,449 Cr
2023₹ 45,033 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:12%
5 Years:10%
3 Years:9%
Current Year:12%

Last 10 years’ Return on Equity (ROE):

10 Years:39%
5 Years:41%
3 Years:43%
Last Year:47%

Sales Growth Over 10 Years:

10 Years:14%
5 Years:13%
3 Years:13%
Current Year:10%

Conclusion

This article is a complete guide about Tata Consultancy Services Ltd (TCS) Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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