Many brokerage companies have placed bets on Tata Consultancy Services.
Let us tell you that Tata Consultancy Services (TCS) released the fourth quarter results for FY23 on 12 April.
An increase of 14.8% was registered in the profit of TCS. TCS's income also saw a jump of about 17%.
The total profit of TCS company was Rs 11392 crore while the total revenue of TCS was Rs 59162 crore.
After strong results, TCS announced a huge final dividend of 2400% for its shareholders.
TCS Target Price 2023: Know the strategies of leading global brokerage houses on Tata Consultancy Services share.
1- Morgan Stanley on TCS Rating - Maintain Equalweight Target - ₹3350
2- Jefferies on TCS Rating - Maintain Hold Target - ₹3375
3- HSBC on TCS Rating - Maintain Hold Target - ₹3395
4- Macquarie on TCS Rating - Maintain Outperform Target - ₹4510
5- JP Morgan on TCS Rating - Maintain Underweight target ₹2700
TCS company got to see positive growth on every front including profit, income, and margin.
Disclaimer: Investments in securities are subject to market risk. Be sure to consult your financial advisor before investing.