{"id":25473,"date":"2022-10-29T15:21:34","date_gmt":"2022-10-29T09:51:34","guid":{"rendered":"https:\/\/fundsindia.com\/blog\/?p=25473"},"modified":"2022-10-29T15:21:41","modified_gmt":"2022-10-29T09:51:41","slug":"alpha-tcs-ltd-equity-research-desk","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-tcs-ltd-equity-research-desk\/25473","title":{"rendered":"Alpha | TCS Ltd- Equity Research Desk"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/FI_Alpha-TCSLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"983\" height=\"467\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/Alpha-New-1-1.png\" alt=\"\" class=\"wp-image-25474\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/Alpha-New-1-1.png 983w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/Alpha-New-1-1-300x143.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/Alpha-New-1-1-768x365.png 768w\" sizes=\"(max-width: 983px) 100vw, 983px\" \/><\/a><\/figure>\n\n\n\n<h3>TCS Ltd. \u2013 Pioneer of IT Sector<\/h3>\n\n\n\n<p>Established in 1968 as a division of Tata Sons, Tata Consultancy Services (TCS) Limited is currently the largest Indian IT services company. The company pioneered the concept of offshore IT services in 1974 and emerged as an integrated full-service provider with a global footprint. TCS is a part of the Tata Group, with Tata Sons holding a 72.3% equity share (as on March 31, 2022) in the company. A part of the Tata group, India\u2019s largest multinational business group, TCS has over 592,000 of the world\u2019s best-trained consultants in 55 countries. The workforce continues to be very diverse, comprising 157 nationalities and with women making up 35.7% of the base.<\/p>\n\n\n\n<h3>Valuation<\/h3>\n\n\n\n<p>From a long-term perspective, we believe TCS has built a resilient business model by securing multiple long-term contracts with the world\u2019s leading brands. Given TCS size, order book and exposure to long duration orders and portfolio, it is well positioned to withstand the weakening macro environment and ride on the anticipated industry growth. Hence, we recommend an ACCUMULATE rating in the stock with the target price (TP) of Rs.3680, 28x FY24E EPS.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/FI_Alpha-TCSLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"531\" height=\"66\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_click-here-for-the-research-report-1.png\" alt=\"\" class=\"wp-image-25302\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_click-here-for-the-research-report-1.png 531w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_click-here-for-the-research-report-1-300x37.png 300w\" sizes=\"(max-width: 531px) 100vw, 531px\" \/><\/a><\/figure>\n\n\n\n<p><br>If you are new to FundsIndia, open your FREE investment account with us and enjoy lifelong research-backed investment guidance.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.fundsindia.com\/registration\/signup\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"406\" height=\"66\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_open-your-free-account-1.png\" alt=\"\" class=\"wp-image-25306\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_open-your-free-account-1.png 406w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_open-your-free-account-1-300x49.png 300w\" sizes=\"(max-width: 406px) 100vw, 406px\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>TCS Ltd. \u2013 Pioneer of IT Sector Established in 1968 as a division of Tata Sons, Tata Consultancy Services (TCS) Limited is currently the largest Indian IT services company. The company pioneered the concept of offshore IT services in 1974 and emerged as an integrated full-service provider with a global footprint. TCS is a part [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":25474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[743,59],"tags":[744,200,201,108,517,745,836],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alpha | TCS Ltd- Equity Research Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-tcs-ltd-equity-research-desk\/25473\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alpha | TCS Ltd- Equity Research Desk\" \/>\n<meta property=\"og:description\" content=\"TCS Ltd. \u2013 Pioneer of IT Sector Established in 1968 as a division of Tata Sons, Tata Consultancy Services (TCS) Limited is currently the largest Indian IT services company. 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