Target: ₹3,582
CMP: ₹2,988.05
Tata Consultancy Services (TCS) has accelerated its long-term vision and commitment to helping clients remain agile, adaptive, and resilient in a constantly changing environment through the introduction of the “Perpetually Adaptive Enterprise” narrative.
The company has launched its Chipset-based System Engineering Services, designed to help semiconductor companies push the boundaries of traditional chip design. This further solidifies TCS position to address the growing demand in semiconductor space.
TCS stands out as a market leader in the IT space, backed by a robust order book spread across verticals and geographies, a healthy balance sheet with zero debt and industry-leading operating metrics. Through the ‘Perpetually Adaptive Enterprise’ narrative, TCS aims to address clients’ needs in an ever-evolving geopolitical environment.
Its continued investment in research and innovation, along with regular dividend payments and cash conversion ability, reinforces shareholders’ confidence. TCS management notes that the deal pipeline (TCV of $9.4 billion in Q1-FY26) remains healthy and well distributed across verticals and geographies, providing clear medium-term visibility.
We recommend Buy on the stock with a target price of ₹3,582, valuing the company at 24x FY27E EPS of ₹149.24.