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TCS: What should investors do with TCS shares post-Q4 results, dividend announcement? Check out share price target
- Written by ZeeBiz WebTeam
Published: 9:04 AM, Apr 15, 2024
|Updated: 11:01 AM, Apr 15, 2024
TCS Q4 results, TCS dividend 2024 announcement, TCS share price target: Tata Consultancy Services (TCS) kicked off the fourth-quarter earnings season for India Inc on Friday, April 12. The results, announced post-market hours, were a mixed bag.
TCS dividend 2024
The Tata Group IT company also announced a final dividend of Rs 28 per share, record deal wins, and a 100 basis point increase in operating margin. Read more on TCS Q4 FY24 results
Here's what brokerages make of TCS Q4 FY24:
Images: TCS website/Reuters
1/8
TCS share price target
TCS share price target
JPMorgan has upgraded TCS to 'overweight' from 'neutral' and raised its target for the stock to Rs 4,500 from Rs 4,000.
2/8
TCS share price target
TCS share price target
Morgan Stanley has maintained an 'overweight' rating with a target of Rs 4,350.
3/8
TCS share price target
TCS share price target
CLSA has maintained an 'underperform' rating with a reduced of Rs 3,941 per share instead of the Rs 4,043 per share earlier.
4/8
TCS share price target
TCS share price target
Jefferies has maintained a 'hold' call on the IT major with a raised target of Rs 4,030 per share instead of the Rs 4,000 per share earlier.
5/8
TCS share price target
TCS share price target
Goldman Sachs has maintained a 'buy' and raised its target for the stock to Rs 4,350 from Rs 4,320.
6/8
TCS share price target
TCS share price target
HSBC has maintained a 'buy' call with a target of Rs 4,540.
7/8
TCS share price target
TCS share price target
Nomura has maintained a 'reduce' rating with a target of Rs 3,250.
8/8
TCS share price target
TCS share price target
Citi has maintained a 'sell' call on TCS. However, the brokerage has raised its target for the stock to Rs 3,570 from Rs 3,500.
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