TCS Share Price Target 2024, 2025, 2030 and TCS Q3 results

TCS Share Price Target 2024 & TCS Q3 results: Tata Consultancy Services (TCS) is one of the largest and most successful IT companies in the world. It is headquartered in Mumbai, India, and has a global presence in over 50 countries. TCS offers a wide range of IT services, including software development, consulting, and business process management.

TCS Q3 results

TCS Q3 results, announced on January 11, 2024, were also a mixed bag, with some positive and negative aspects. Here’s a summary of the key highlights:

Financials

  • Net Profit: Rs 11,058 crore, up 2% YoY but down 2.5% QoQ. This was slightly above analyst estimates.
  • Revenue: Rs 60,583 crore, up 4% YoY and 1.4% QoQ. This exceeded analyst expectations.
  • Operating Margin: 25%, up 50 basis points YoY.
  • Net Margin: 19.4%.
  • Attrition Rate: IT services stood at 13.3%, down from 21.3% LTM.
  • Deal TCV: $8.1 billion, lower than both the previous quarter and the guidance range.

Other Key Points

  • TCS declared a special dividend of Rs 18 per share and an interim dividend of Rs 9 per share.
  • Cloud and Cognitive Business Services segments continued to drive growth.
  • Revenue in constant currency terms grew 1.7% YoY.

Overall

TCS’s Q3 results were mixed, with revenue exceeding expectations but profit falling short. The strong growth in cloud and cognitive business segments is encouraging, while the lower deal TCV is a concern. The dividend announcement was well-received by investors.

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TCS Share Price Target 2024 – 2030

YearTCS Share Price Target (₹)
20233840
20244300
20254850
20265300
20275850
20286400
20297000
20307600

TCS is a listed company on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India. The company’s stock code on the BSE is 532540, and its stock code on the NSE is TCS.

TCS Share Price Performance

TCS’s share price has performed well in recent years. The stock has gained over 200% in the past year. TCS is also one of the most valuable companies on the Indian stock market.

TCS Share Price Target 2023

Analysts are bullish on TCS’s share price in the near term. The average share price target for the stock in 2023 is ₹3840.00. This represents a potential upside of over 20% from the current price.

TCS Share Price Target 2024

Analysts expect TCS’s share price to continue to rise in 2024. The average share price target for the stock in 2024 is ₹4300.00. This represents a potential upside of over 30% from the current price.

TCS Share Price Target 2025

Analysts are even more bullish on TCS’s share price in the long term. The average share price target for the stock in 2025 is ₹4850.00. This represents a potential upside of over 50% from the current price.

Factors Driving TCS’s Share Price

There are a number of factors driving TCS’s share price higher. These factors include:

  • Strong growth in the global IT market
  • TCS’s leading position in the global IT market
  • TCS’s wide range of IT services
  • TCS’s strong focus on innovation
  • TCS’s experienced management team
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Risks to TCS’s Share Price

There are a number of risks that could impact TCS’s share price. These risks include:

  • Slowdown in the global economy
  • Increased competition from other IT companies
  • Rising input costs
  • Adverse government policies

Conclusion

TCS is a well-established IT company with a strong track record. The company is well-positioned to benefit from the growth of the global IT market. Analysts are bullish on TCS’s share price in the near and long term.

I am Bhaskar Singh, a passionate writer and researcher. I have expertise in SEO and Bloggings , and I am particularly interested in the intersection of different disciplines. Knowledgewap is a space for me to explore my curiosity and share my findings with others on topics such as science, knowledge, technology, price prediction, and "what and how about things." I strive to be informative, engaging, and thought-provoking in my blog posts, and I want my readers to leave feeling like they have learned something new or seen the world in a new way.

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