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Buy TCS, target Rs 2645: Siddharth Bhamre

Buy Tata Consultancy Services Ltd. at a price target of Rs 2645.0 and a stop loss at Rs 2507.0 from entry point

Updated: May 25, 2017, 09.05 AM IST
Independent Analyst, Siddharth Bhamre has a buy call on Tata Consultancy Services Ltd. with an intra-day target price of Rs 2645.The current market price of Tata Consultancy Services Ltd. is 2557.8 Time period given by analyst is NA when Tata Consultancy Services Ltd. price can reach defined target. Siddharth Bhamre recommended to keep stop loss at Rs 2507.0 .

Tata Consultancy Services Ltd., incorporated in the year 1995, is a largecap company with a market cap of ₹ 503996.06 crore operating in Information Technology sector.

Tata Consultancy Services Ltd. key Products/Revenue Segments include Information Technology & Consultancy Services which contributed ₹ 85863.85 Cr to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 29642.00 Cr., down .31% from last quarter Sales of ₹ 29735.00 Cr. and up 4.19% from last year same quarter Sales of ₹ 28449.00 Cr. Company has reported net profit after tax of ₹ 6622.00 Cr. in latest quarter. The company’s CEO is Mr.Rajesh Gopinathan. It's Board of Directors include Mr.Rajesh Gopinathan, Mr.V Thyagarajan, Ms.Aarthi Subramanian, Prof.Clayton M Christensen, Mr.Ajoyendra Mukherjee, Mr.Rajendra Moholkar, Mr.V Ramakrishnan, Ms.Aarthi Subramanian, Dr.Ron Sommer, Mr.Aman Mehta, Mr.N Chandrasekaran, Mr.N G Subramaniam, Mr.O P Bhatt, Mr.Rajendra Moholkar. Company has its registered office at 9th Floor,, Nirmal Building,, Nariman Point, Mumbai, 400021, Maharashtra. Company has BSR & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 1,970,427,941 shares outstanding.

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