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Sunday, April 21, 2024

TCS shares increase by about 2% after a UBS rating upgrade


<p>Tuesday’s early trading saw an almost 2% increase in shares of Tata Consultancy Services (TCS) after an upgrade in recommendations from international brokerage firm UBS.</p>
<p><img decoding=”async” class=”alignnone wp-image-450639″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-tcs-shares-increase-by-about-2-after-a-ubs-rating-upgrade-tcs-saw-its-headcount-pl.jpg” alt=”theindiaprint.com tcs shares increase by about 2 after a ubs rating upgrade tcs saw its headcount pl” width=”996″ height=”560″ title=”TCS shares increase by about 2% after a UBS rating upgrade 12″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-tcs-shares-increase-by-about-2-after-a-ubs-rating-upgrade-tcs-saw-its-headcount-pl.jpg 690w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-tcs-shares-increase-by-about-2-after-a-ubs-rating-upgrade-tcs-saw-its-headcount-pl-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-tcs-shares-increase-by-about-2-after-a-ubs-rating-upgrade-tcs-saw-its-headcount-pl-150×84.jpg 150w” sizes=”(max-width: 996px) 100vw, 996px” /></p>
<p>The target price for TCS shares has been increased by UBS from Rs 4,000 to Rs 4,700, and the company has been upgraded from “neutral” to “buy.” This suggests an upside of 17%.</p>
<p>At around 10:50 am, TCS shares were up 1.87 percent to Rs 4,075.05.</p>
<p>The amount of big agreements, according to UBS analysts, will improve the biggest IT company in India’s long-term development.</p>
<p>In addition, they project TCS to maintain a 100–150 basis point advantage over its competitors in revenue growth.</p>
<p>By FY25, TCS’s margins are expected to have improved more than those of its rivals. Given a dividend consensus, we think the market is not pricing in the company’s lead versus its rivals in,” the brokerage firm said.</p>
<p>A number of growth drivers for TCS were identified by analysts, including the expansion of contracts such as BSNL, NEST, and Aviva. Further development is anticipated to be fueled by the completion of cloud migration projects and a revival in the BFSI industry.</p>
<p>Analysts state that TCS is now valued at the lower end of its long-term trading premium as compared to its rivals.</p>
<p>With a target price of Rs 4,430, Elara Securities recently reiterated its “buy” rating for TCS.</p>
<p>The brokerage company moved its FY25E EPS projections ahead by a quarter and made a little 3–4% adjustment.</p>
<p>Elara Securities continues to have a positive view, pointing out that TCS has the best profits stability of any of its competitors. In addition, they cited TCS’s solid contract wins, superior delivery skills, strategic alliances with hyperscalers, and durable margins as important arguments in favor of their optimistic outlook.</p>


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