TCS Share Price: On 19 March, Tata Consultancy Services shares fell by 3 percent in the early trading. It is reported that Tata Sons has sold more than 2.3 crore shares or about 0.6 percent of its stake in TCS through a block deal.
Due to this, TCS shares are in the red zone. The stock opened with a fall in the morning at Rs 4051.25 on BSE. Within a few moments, it fell by about 3 percent from the previous closing price and touched a low of Rs 4021.25.
The price range for the upper band of shares is 4,559.20 while the lower price band is Rs 3,730.30.
The circuit limit is 10 percent. Tata Sons has offered TCS shares for sale at an average price of Rs 4,043.
A day earlier, a report had said that Tata Sons may sell shares worth about Rs 9,120 crore ($ 1.1 billion) in TCS.
TCS market cap
Currently, the market cap of TCS is Rs 14.6 lakh crore. As of December 31, 2023, the promoters’ stake in the company was 72.41 percent and the public’s was 27.59 percent.
TCS shares have strengthened by about 32 percent in the last one year. In a report, TCS can increase the pay of its employees offsite by a mean of 7-8 percent for 2024-25.
For onsite employees, this increase may be 2-4 percent. The salary of high performers can be increased by 12-15 percent. This increment will be effective from April 1, 2024.
About Tata Consultancy Services (TCS)
TCS is a well-known Indian multinational IT consulting and services firm headquartered in Mumbai. With a presence in 150 cities in 45 countries, TCS has been a trusted partner for global companies for over 50 years.
Tata Consultancy Services Limited (TCS) is a subordinate business that is part of Tata Sons Pvt Ltd. The company was established with the date of 1968.
TCS is listed as the best IT services firm in research conducted by Brand Finance and has consistently been ranked among the top IT service companies by various analysts in the field.
With a variety of solutions and services, TCS makes use of cutting-edge technology to enable business transformation.
The company is present across Latin America, North America, Europe, Asia-Pacific, the Middle East, and Africa.
Fundamental Analysis of TCS
| Market Cap | ₹ 15,03,034 Cr. |
| Current Price | ₹ 4,040.45 |
| 52-wk High | ₹ 4,254.75 |
| 52-wk Low | ₹ 3,070 |
| Stock P/E | 33.0 |
| Book Value | ₹ 278 |
| Dividend | 1.16 % |
| ROCE | 58.7 % |
| ROE | 46.9 % |
| Face Value | ₹ 1.00 |
| P/B Value | 14.9 |
| OPM | 26.3 % |
| EPS | ₹ 123 |
| Debt | ₹ 7,764 Cr. |
| Debt to Equity | 0.08 |
Tata Consultancy Services (TCS) Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 3,900 | ₹ 4,500 |
| 2025 | ₹ 4,800 | ₹ 5,260 |
| 2026 | ₹ 5,800 | ₹ 6,800 |
| 2027 | ₹ 7,000 | ₹ 7,900 |
| 2028 | ₹ 8,000 | ₹ 8,490 |
| 2029 | ₹ 8,600 | ₹ 9,500 |
| 2030 | ₹ 10,000 | ₹ 10,500 |
TCS Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 72.30% |
| Mar 2023 | 72.30% |
| June 2023 | 72.30% |
| Sept 2023 | 72.30% |
| Dec 2023 | 72.41% |
| FII Holding | |
| Dec 2022 | 12.94% |
| Mar 2023 | 12.72% |
| June 2023 | 12.46% |
| Sept 2023 | 12.47% |
| Dec 2023 | 12.46% |
| DII Holding | |
| Dec 2022 | 9.25% |
| Mar 2023 | 9.58% |
| June 2023 | 9.80% |
| Sept 2023 | 10.01% |
| Dec 2023 | 10.03% |
| Govt. Holding | |
| Dec 2022 | 0.05% |
| Mar 2023 | 0.05% |
| June 2023 | 0.05% |
| Sept 2023 | 0.05% |
| Dec 2023 | 0.05% |
| Public Holding | |
| Dec 2022 | 5.45% |
| Mar 2023 | 5.36% |
| June 2023 | 5.38% |
| Sept 2023 | 5.17% |
| Dec 2023 | 5.03% |
TCS Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 146,463 Cr |
| 2020 | ₹ 156,949 Cr |
| 2021 | ₹ 164,177 Cr |
| 2022 | ₹ 191,754 Cr |
| 2023 | ₹ 238,818 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 31,562 Cr |
| 2020 | ₹ 32,447 Cr |
| 2021 | ₹ 32,562 Cr |
| 2022 | ₹ 38,449 Cr |
| 2023 | ₹ 45,033 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0 |
| 2020 | 0 |
| 2021 | 0 |
| 2022 | 0 |
| 2023 | 0 |
Last 10 Years’ Profit Growth:
| 10 Years: | 12% |
| 5 Years: | 10% |
| 3 Years: | 9% |
| Current Year: | 12% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 39% |
| 5 Years: | 41% |
| 3 Years: | 43% |
| Last Year: | 47% |
Sales Growth Over 10 Years:
| 10 Years: | 14% |
| 5 Years: | 13% |
| 3 Years: | 13% |
| Current Year: | 10% |
Conclusion
This article is a complete guide about Tata Consultancy Services Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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