Global brokerage firm UBS raised the target price on Tata Consultancy Services (TCS), the largest Indian IT services company, to ₹4,700 per share from the earlier target price of ₹4,050 per share.
TCS is in focus after the IT major kickstarted the Q2 earnings season yesterday. Mint has collated views of brokerage firms and technical analysts to understand whether the stock is a ‘buy’ at this juncture or not. Let s take a look:
Investors would particularly be interested in the management commentary on H2FY23, considering that TCS has a larger exposure to the UK and Continental Europe, analysts said.
The company s stock will be in focus as well following the earnings. In the quarter, TCS is expected to record improvement in operating margins, while some cross-currency headwinds.