Tata Consultancy Services Ltd Stock Quotes and Charts
Tata Consultancy Services net profit rises 24.04% in the December 2007 quarter.Sales rise 26.41% to Rs 4834.37 crore.<br>Net profit of Tata Consultancy Services rose 24.04% to Rs 1178.99 crore in the quarter ended December 2007 as against Rs 950.52 crore during the previous quarter ended December 2006. Sales rose 26.41% to Rs 4834.37 crore in the quarter ended December 2007 as against Rs 3824.22 crore during the previous quarter ended December 2006. <br>
TCS has won a contract worth US$11.5mn from Uganda Revenue Authority
Tata Consultancy Services net profit rises 12.12% in the June 2008 quarter <br>Sales rise 26.06% to Rs 5212.00 crore <br>Net profit of Tata Consultancy Services rose 12.12% to Rs 1204.01 crore in the quarter ended June 2008 as against Rs 1073.85 crore during the previous quarter ended June 2007. Sales rose 26.06% to Rs 5212.00 crore in the quarter ended June 2008 as against Rs 4134.41 crore during the previous quarter ended June 2007
Tata Consultancy Services, the country's biggest IT software exporter, is looking for acquisitions but only if they offer a strategic fit, a top official said on Thursday. <br><br>The company, which declared its first quarter results Wednesday, has USD 1 bn in cash and liquid investment. <br><br>N Chandrasekaran, the executive director and chief operating officer of the company, said, "We are comfortable with acquisitions of a few hundred million dollars." <br><br>However, he pointed out that identifying a right candidate for acquisition is important. It has to add to the capability. The acquisition has to have a strategic fit, he observed. Referring to the outlook for the rest of the year, he said the company is expecting growth from manufacturing, retail and utilities. <br><br>He said the key message he would like to convey is that the company has seen real growth in the US, traditionally the biggest market for the company.<br>
Tata Consultancy Services (TCS), on Monday declared a 7% rise in net profit for the fourth quarter of 2008-09, at Rs 1,333 crore, in line with market expectations. The company announced a bonus issue in the ratio of 1:1, subject to regulatory approvals. This is in addition to a total dividend of Rs 14 per share.
TCS<br>Buy<br>Price: Rs687 Target Price (Dec 10): Rs774<br><br>Management indicates high visibility<br><br>* High visibility for growth in near term: TCS management indicated<br>enough visibility for March 2010 to be a growth quarter, a significant<br>positive given that CY10 IT budgets are yet to be finalized. While TCS<br>management indicated towards lower volume growth in 3QFY10 c.f.<br>2QFY10 (volumes grew 5% q-o-q), due to lower working days, we view<br>high visibility for 4QFY10 as a key positive. Re-iterate Buy on TCS.<br><br>* While volume growth may be lower for December quarter…….<br>Significant offshore shift over past 5 quarters (offshore contribution up<br>by 10% to 51% in 2QFY10) adversely impacted revenues by ~8%. As a<br>consequence, revenue growth had lagged volume growth at TCS.<br><br>* …. Revenue growth may be similar to September quarter: We<br>note that with management indicating towards moderate offshore shift,<br>if any, revenue growth (US$ terms) in 3QFY10 may be similar to<br>2QFY10 (3.9% q-o-q), despite lower volume growth. This is likely to<br>surprise street expectations which are pegged at ~3% q-o-q growth for<br>3QFY10.<br><br>* Margins can be sustained at current levels: TCS management<br>indicated confidence on maintaining margins, subject to growth coming<br>back, which we believe is almost certain. TCS management clarified<br>that they have undertaken “cost rationalization” and not “cost cutting”<br>and that the cost benefits are sustainable. While we have built in<br>EBITDA margin decline of 150bps q-o-q for 3QFY10, stable margins are<br>an upside risk to our and consensus estimates.<br><br>* Hiring is a good worry to have, in our view: TCS indicated creating capacity for FY11 growth, as the key concern, with competition stepping up on lateral hiring in recent times. TCS has already started lateral hiring and is drawing campus hiring plans for next year.<br><br>* Re-iterate buy with a Price Target of Rs774: We believe revenue growth for tier-1 Indian IT is likely to surprise in FY11/12, and we are in the midst of an earnings upgrade cycle. TCS is the biggest beneficiary of demand revival in IT services and a strong demand revival in BFSI vertical (45% of revenues), in our view. Re-iterate Buy.
<b>Buy@ Rs 876 For target of Rs 890 In Intra-day.</b><br><br>TCS<br>Recommendation : Buy above 875<br>CMP : 870<br>Target : 890-900<br>Stoploss : 858<br><br>
<b>Buy@ Rs 920 For target of Rs 930 In Intra-day.</b><br><br>BTST Buy TCS @ 920 sl 913 tgt 930
<b>Buy@ Rs 10.57 For target of Rs 1125 In 1 Month.</b><br><br>BUY TCS @ 1057 WITH 1027 TGT 1120/1130.
<b>Buy@ Rs 1516 For target of Rs 1543 In Intra-day.</b><br><br>Buy TCS, LTP 1515.80 TGT 1543 SL 1497.5.STOCK CALLS goo.gl/00qfn
BLOCK DEAL IN TCS >>>>>>>>>>>>>>>>>>>>><br>TCS once move past 2059 levels will see targets of 2077 - 2091 - 2117 SL 2001<br><br>Buy TCS Ltd with a target of Rs 2150: Sandeep Wagle
Buy TCS at / above: 2055.56 Targets: 2069.21 - 2091.59 - 2105.01 Stoploss : 2026.26
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