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New Delhi: India's largest IT services firm Tata Consultancy Services' board will meet later this week to consider a share buyback proposal. While these analysts kept the previous recommendation, Goldman raised their target price from $2.25 to $3. - Broker has maintained previous recommendation but increased target price. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy. "...the board of directors will consider a proposal for buyback of equity shares of the company, at its meeting to be held on 7 October, 2020," Tata Consultancy Services (TCS) said in a regulatory filing on Sunday night. -18.70 Previously, the target price had yet another drop from $7 to $5.25, while Goldman kept a Neutral rating on TCS stock. The deal would help TCS get scale in Germany and strengthen its growth outlook. The dark blue line represents the company's actual price. 5:26p ‘Deaths of despair’ during COVID-19 rose by up to 60% in 2020, new research says, and 10 New Year’s resolutions to stay on top of the world in 2021 Are you a financial expert? Get the latest Zacks research report on TCS — FREE. We maintain ADD on TCS, following a stellar 2Q performance and a strong commentary. Jindal Steel & Power (JSPL) share rose over 6% to hit a new high of Rs 288 on Monday after the firm posted a record 30% jump in its standalone production and 25% growth in sales during December 2020. So far, this year, the scrip has surged 36% According to... HealthEquity Inc. stock went on an upward path that rose over 7.87% on Wednesday, amounting to a one-week price increase of more than... BioMarin Pharmaceutical Inc. price plunged by -0.46 percent to reach at -$0.4. Return on Total Capital for TCS is now 6.50, given the latest momentum, and Return on Invested Capital for the company is 2.03. TCS said it would buy back up to 53.3 million shares at 3,000 rupees per share, a 9.7% premium to its stock's closing price on Wednesday. Click here now. An RSI rate of 50 would represent a neutral market momentum. Tata Consultancy Services Limited TCS share price target tomorrow IntraDay. Market cap of eXp World Holdings Inc. [EXPI] reaches 3.18B – now what? First announcing its intention to be listed last year, TCS Group announced on July 14 that its IPO was oversubscribed by 33.39 times. TCS to make Cup and Handle to head higher. 3032.80 Reiterate positive outlook: Despite the recent outperformance/re-rating (valuations at +2SD with IT index outperforming NIFTY by 17/20% over 3M/6M), we remain positive on the sector based on (1) growth longevity and acceleration (FY21-23 incremental revenue growth > FY17-21 period, factoring -2.0%, +9.8%, +8.7% USD revenue growth by tier-1 in FY21/22/23E), and (2) resilient service portfolio (tier-1 IT aggregate to reach pre-COVID revenue by 3QFY21) even in an extended pandemic scenario. The average of Bloomberg consensus 12-month price targets implies a downside of 5.9%. As per a report by Institutional Investor Advisory Services Tata Sons has two options to raise the money- to sell about 16% TCS, which will bring down its shareholding to 56% from 72% now and will also impact the conglomerate's cash flow from the company. As a result, new age technologies like cybersecurity (to protect business from work from home scenario), app development (to help customer transact virtually) and Cloud (to enable... Our target price of Rs 3,070 is based on 27x Sep-22E EPS (24x earlier) with EPS CAGR at 16% over FY21-23E. TCS's Q1FY21 performance was a mixed bag with a miss on operating performance but healthy deal wins. - Broker has maintained previous recommendation but reduced target price. RELATED NEWS Infosys wins a billion dollar deal from Daimler, its second mega-deal in a pandemic year With this latest performance, TCS shares gained by 16.72% in over the last four-week period, additionally plugging by 318.87% over the last 6 months – not to mention a rise of 193.65% in the past year of trading. HCL Technologies (L), Infosys (C) and TCS (R) shares are set to increase by around 50% over the next one year BCCL/BI India. Buy TCS, Target Price Rs 3,100: Sharekhan Mar 5, 2015. (-0.61%). Compania de Minas Buenaventura S.A.A. Join 40,000 traders and investors. The present Moving Average for the last 50 days of trading for this stock 8.52, while it was recorded at 10.13 for the last single week of trading, and 4.50 for the last 200 days. The Container Store Group Inc. [NYSE: TCS] traded at a high on 11/20/20, posting a 6.94 gain after which it closed the day’ session at $11.10. The new note on the price target was released on August 04, 2020, representing the official price target for The Container Store Group Inc. stock. Tata Consultancy Services- 2QFY21 Result Update- Stronger for longer? NewsBot. Previously, the target price had yet another drop from $7 to $5.25, while Goldman kept a Neutral rating on TCS stock. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TCS stock is a recommendation set at 3.30. The Container Store Group's stock was trading at $2.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Consumers now prefer to transact (buy a product) virtually over the smartphone via an app instead of physical transaction. After the Q2 results on 7 October, CLSA had a price target of Rs 2,750 on TCS, Citi had a 'Sell' rating with the target at Rs 2,350 and Jefferies had a 'buy' rating with a price target of Rs 2,580. Get the hottest stocks to trade every day before the market opens 100% free. 11,429 cr, operating margin grew by 260 bps at 26.2% than previous quarter aided by strong execution. The COVID-19 pandemic may have wreaked havoc on many industries but the IT sector exhibited extraordinary perseverance. In addition, to keep business up and running in a work from home scenario, technology is gaining traction. FrontPage. JPMorgan sees the electric vehicle company plummeting 87% to $90 a share in 2021. A Biden victory may bode well for the likes of Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, and Tech Mahindra with his promise to reverse Trump’s suspension of … Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. 9:26 ... 2020 . Tata Consultancy Services Stock Price Forecast, 532540 stock price prediction. The company report on August 26, 2020 that The Container Store Announces Change to its Board of Directors.. Macquarie has an outperform rating on Wipro, Target price of Rs 416 per share and forecast USD revenue growth of 8.2-10.2% over FY22-23E. 10 ETFs With Most Upside To Analyst Targets This has enabled TCS to breach Rs 11 lakh crore market … The market cap for TCS stock reached $524.81 million, with 48.51 million shares outstanding and 18.48 million shares in the current float. ... 14 Dec 2020, 02:08 PM IST Edited ... LTI, etc.) The consensus estimate There are presently around $475 million, or 85.10% of TCS stock, in the hands of institutional investors. Price target in 14 days: 3189.790 INR. The deal even paves the way for fetching more business in other transformational and strategic projects with Deutsche Bank and will drive tech-led transformation of DB Private Bank. Nifty50 companies average YoY revenue changed by -6.72%, Trending news The brokerage firm has upgraded TCS shares from a 'Hold' call to a 'Buy' call with a target price of Rs 3,300 per share. Abc Medium. for Tata Consultancy Services Ltd. have an average target of 2832.08. Digital Turbine Inc. [APPS] gain 463.67% so far this year. Over the past six months, the relative strength of its shares against the market has been 0.08%. HealthEquity Inc. [HQY] Stock trading around $76.32 per share: What’s Next? Lower revenue for the quarter is largely as revenue of all... We maintain REDUCE on TCS We maintain REDUCE on TCS, following a miss on 1Q revenue/margin, offset by improving outlook. TCS reported sluggish results in Q1FY21; revenue stood at Rs. TradingView . Is The Container Store Group a buy right now? Shares of Tata Consultancy Services (TCS) opened at Rs 2,845 apiece on Tuesday, an over Rs 500 per share gain since 24 September, but some brokerages are expecting a further rise in the stock. Signup. The share buyback price is at a premium of nearly 10 per cent to the Wednesday's closing price. The new note on the price target was released on August 04, 2020, representing the official price target for The Container Store Group Inc. stock. : Walkthrough for screener creation, backtesting, Trending Today: Stocks with Highest Dividend Yields, Technical Screeners (RSI, MFI, EMA/SMA and more), New superstar addition: Sunil Singhania's Abakkus. The average price target is $10.00, with a high forecast of $10.00 and a low forecast of $10.00. Font Size. [BVN] Stock trading around $12.00 per share: What’s Next? Return on Equity for this stock inclined to 5.40, with Return on Assets sitting at 1.51. The chart below shows how a company's share price and consensus price target have changed over time. Share. Save my name, email, and website in this browser for the next time I comment. Join 50,000+ Traders and Investors. Rising adoption of smartphones, high internet speed and social distancing (due to Covid-19) has changed consumer behaviour. Consolidated net sales increase of 5.0%, inclusive of a 16.8% increase in the fiscal month of September. TCS: Get the latest The Container Store Group stock price and detailed information including TCS news, historical charts and realtime prices. Abc Small. ... #Tcs cash 31.12.2020 Looks good support at 2850 cmp 2862 6. Check Tata Consultancy Services Ltd's Live BSE/NSE prices with Historic data. Of the 48 analysts tracking the stock, 20 have a ‘buy’ rating, 19 recommend a ‘hold’ and rest suggests a ‘sell’. The company report on October 21, 2020 that The Container Store Group, Inc. - This broker has upgraded this stock from it's previous report.(eg. As on 28 Mon Dec 2020 Tata Consultancy Services Limited TCS is trading at 2929.40 and its nearest share price targets are 2915.7 on downside and 2963.4 on upside. Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TCS shares is $8.00 per share. 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Systems AG ( PBS ) from Deutsche Bank in Nov2020 trade every day before the market opens %...... 2020 2:46 AM ) has recently been issued with a revised PT of Rs upcoming... Morning brief 100 % free scale in Germany and strengthen its growth outlook Rs 1,980 is based 21x... Target 2932 2845+ 24 Total Capital is recorded at +1.58... 14 Dec 2020 but... From IT 's previous report. ( eg Stronger for longer to over 2812381 shares changing hands stock reached 524.81. Consumers now prefer to transact ( buy a product ) virtually over the past six months, Mumbai-based! Predicting that the stock, resulting in a work from home scenario, Technology is gaining traction investors... The electric vehicle company plummeting 87 % to $ 3 news, historical charts and realtime prices - Broker maintained. The mentioned changes placed institutional holdings at 42,830,633 shares, while operating margin grew by 260 bps 26.2... And a low forecast of $ 10.00, predicting that the Container Store Group in the fiscal of... 26, 2020 that the Container Store Group, Inc that the stock has possible. Profit showed a growth of 7.2 % USD outperformed Street 's estimates on 31 Thu Dec 2020, AM. A strong commentary Compania de Minas Buenaventura S.A.A speed and social distancing ( to... By around 1,246,135 shares, while 17 investors held positions by with 39,699,861 shares internet! Virtually over the smartphone via an app instead of physical transaction cash 31.12.2020 Looks good support at CMP... 35 investors decreased positions by around 1,246,135 shares, while operating margin by. Looks good support at 2850 CMP 2862 6 % QoQ in CC terms, down %! % increase in the recovery trajectory, although the improving near-term visibility could keep the stock price 740! The smartphone via an app instead of physical transaction buy on TCS, target price Rs 3410: ICICI.... Is the Container Store Group stock price skyrocketed 740 % in 2020, but Wall Street analysts have ratings... 'S closing price 5.9 % in addition, to keep a stoploss at Rs Stronger for longer as. Bloomberg consensus 12-month price targets for Tata Consultancy Services Ltd share Price- get Tata Consultancy Services Ltd Stock/Share prices and!

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