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Sell Tata Consultancy Services, target Rs 2,040: CK Narayan

Sell Tata Consultancy Services Ltd. at a price target of Rs 2040.0 and a stoploss at Rs 2090 from entry point.

Last Updated: Nov 25, 2019, 09.30 AM IST
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CK Narayan of Chart Advise has a sell call on Tata Consultancy Services Ltd. with a target price of Rs 2,040. The current market price of Tata Consultancy Services Ltd. is Rs 2078.25. Time period given by the analyst is Intra Day when Tata Consultancy Services Ltd. price can reach the defined target. CK Narayan recommended to keep stoploss at Rs 2090. Tata Consultancy Services Ltd., incorporated in 1995, has a market cap of Rs 776950.02 crore.

Tata Consultancy Services Ltd. key Products/Revenue Segments include Consultancy Income which contributed Rs 121033.00 Crore to Sales Value (98.26 % of Total Sales) and Sale of Equipment & Software Licences which contributed Rs 2137.00 Crore to Sales Value (1.73 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 38977.00 Crore, up 2.11 % from last quarter Sales of Rs 38172.00 Crore and up 5.76 % from last year same quarter Sales of Rs 36854.00 Crore Company has reported net profit after tax of Rs 8058.00 Crore in latest quarter. The company’s top management includes Dr.Pradeep Kumar Khosla, Dr.Ron Sommer, Mr.Aman Mehta, Mr.Daniel Hughes Callahan, Mr.Keki M Mistry, Mr.N Chandrasekaran, Mr.N G Subramaniam, Mr.O P Bhatt, Mr.Rajesh Gopinathan, Ms.Aarthi Subramanian, Ms.Hanne Birgitte Breinbjerg Sorensen. Company has B S R & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 3,752,384,706 shares outstanding.

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