TCS Shares May Rally 36%: Motilal Oswal’s Bullish Outlook After Q3 Results
Motilal Oswal has maintained its Buy rating on Tata Consultancy Services with a target price of Rs 4,400, implying an upside of ~36% from current levels. This bullish outlook comes after the company’s Q3 results, which have sparked optimism among investors and analysts alike.
Q3 Results: A Mixed Bag
The Q3 results of TCS have been a mixed bag, with some positive and negative surprises. While the company’s revenue growth has been steady, the profitability has been impacted by various factors, including currency fluctuations and higher employee costs.
Despite these challenges, TCS shares have been performing well, with the stock price increasing by over 10% in the past quarter. This is a testament to the company’s strong fundamentals and its ability to navigate through tough times.
Motilal Oswal’s Bullish Outlook
Motilal Oswal’s Buy rating on TCS is based on the company’s strong growth prospects and its ability to deliver consistent returns to shareholders. The brokerage firm expects USD revenue and EPS to compound at ~3.6% and ~7.6% respectively over FY25–28, supported by steady growth in select demand pockets and reasonable deal visibility.
Despite continued volatility in deal closures, Motilal Oswal believes that TCS shares have the potential to rally by 36% from current levels, reaching a target price of Rs 4,400. This is a significant upside, and investors who are looking to invest in the Indian stock market may want to consider TCS investment opportunities.
Indian Stock Market Outlook
The Indian stock market has been volatile in recent times, with the Nifty and Sensex indices experiencing significant fluctuations. However, despite these challenges, the Indian stock market remains a attractive destination for investors, with many Indian stocks offering strong growth prospects and consistent returns.
Investors who are looking to invest in the Indian stock market may want to consider stock market news and market analysis to make informed investment decisions. They may also want to consider investing in India through various investment vehicles, such as mutual funds or stock broking services.
Conclusion
In conclusion, TCS shares may rally by 36% from current levels, reaching a target price of Rs 4,400, according to Motilal Oswal’s bullish outlook. This is a significant upside, and investors who are looking to invest in the Indian stock market may want to consider TCS investment opportunities. However, it is essential to do your own research and consider stock market news and market analysis before making any investment decisions.
