Highlights

• TCS currently carries a “Buy” rating with a consensus target price of ₹3,505.12.
• Analyst target prices span a broad range, extending up to ₹4,400.
• In recent quarter, the company recorded revenue of ₹63,437 crore.

Tata Consultancy Services (NSE:TCS) has received a positive analyst rating, with the stock currently carrying a “Buy” recommendation and an upgraded target price outlook. According to the latest available estimates from Refinitiv, TCS is rated “Buy” with a current target price of ₹3,505.12, indicating an upside potential of around 6.84 percent from the prevailing market price of ₹3,280.80 on the National Stock Exchange. The overall recommendation score stands at 2.16, which falls firmly within the “Buy” category.

Several brokerage firms have reiterated or maintained their ratings on the stock. Target prices from leading analysts range from ₹3,390 to ₹4,400.

Institutional Coverage Remains Strong

The analyst universe covering TCS includes prominent domestic and international institutions such as HDFC Securities Institutional Research, Centrum Broking, Motilal Oswal Securities, ICICI Securities, Edelweiss Capital, Investec Bank (UK), and JM Financial Institutional Securities. Multiple analysts from these institutions have reaffirmed “Buy” or “Add” recommendations in their most recent reviews, conducted up to December 18, 2025.

Among the higher-end estimates, Motilal Oswal Securities has placed a target price of ₹4,400, while Centrum Broking has set a target of ₹4,240. Other major institutions have pegged their targets between ₹3,550 and ₹3,690.

Market Standing and Recent Developments

In recent months, the company has also remained active on the business front, including the expansion of its long-standing partnership with Aviva in the UK through its subsidiary Diligenta UK. Such developments add to investor attention, even as analyst ratings continue to anchor market expectations.

Resilient Q1 Performance Anchored by Order Book

TCS reported a steady performance for the quarter ended June 30, 2025, supported by a robust order pipeline and disciplined execution. The company recorded a total contract value (TCV) of USD 9.4 billion during the quarter. Quarterly revenue stood at ₹63,437 crore, reflecting a year-on-year growth of 1.3 percent in reported terms. On a constant currency basis, revenue declined 3.1 percent year-on-year.

Margin Expansion and Profit Growth

Operating margin improved to 24.5 percent, expanding 30 basis points sequentially. Net income rose 6.0 percent year-on-year to ₹12,760 crore, while net margin strengthened to 20.1 percent, an increase of 90 basis points compared with the same period last year.

Healthy Cash Generation

TCS delivered favourable cash flows during the quarter, with net cash from operations amounting to ₹12,804 crore.

TCS announced a dividend of ₹11 per share. The record date has been fixed as July 16, 2025, with the dividend scheduled to be paid on August 4, 2025.

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