LKP Research ne TCS par 'Buy' Call diya, Rs 3880 Target set kiya

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AuthorAnanya Iyer|Published at:
LKP Research ne TCS par 'Buy' Call diya, Rs 3880 Target set kiya
Overview

LKP Research ne Tata Consultancy Services (TCS) par 'Buy' rating ke saath coverage shuru ki hai, aur ₹3,880 ka price target rakha hai. Report mein international operations aur key verticals mein steady performance, saath hi ek strategic AI infrastructure partnership ka zikr hai, jo IT giant ke long-term prospects par confidence badhata hai. TCS ke Q3 results expectations ke aas paas rahe, aur management BFSI recovery ke liye optimistic hai.

LKP Research ne TCS ke liye ₹3,880 ka price target set karte hue strong 'Buy' recommendation di hai. Yeh call IT major dwara third-quarter results announce karne ke baad aayi hai, jisme constant currency basis par topline mein 0.8% sequential growth aur 2.6% year-over-year decline dikhaya gaya. Yeh performance Q3 mein furloughs aur lower utilization ke karan hone wali typical seasonal weakness ke kareeb thi.

International operations ne crucial support provide kiya, constant currency mein 0.4% sequential increase ke saath. Latin America ne 4.6% QoQ growth ke saath lead kiya, jisme Middle East aur Africa (MEA) region mein 3.2% increase ka bhi yogdan raha. Verticals mein, Life Sciences & Healthcare aur Consumer Business Group (CBG) ne resilience dikhai, respectively 0.9% aur 1.3% QoQ grow karte hue. CBG ki strength Americas, Europe aur Asia-Pacific (APA) region mein retail, travel aur hospitality mein robust activity ke karan thi, UK market mein ongoing softness ke bawajood.

Manufacturing ne, marginal 0.2% QoQ growth dikhane ke bawajood, automotive sector ki weakness ko doosre areas mein improvements se offset kiya. Banking, Financial Services aur Insurance (BFSI) segment ne furloughs ke karan seasonal softness experience ki. Halanki, TCS management ne healthy deal traction ke support se upcoming recovery par confidence jataya hai.

LKP Research TCS ke long-term fundamentals ko lekar optimistic hai. Firm ne note kiya ki labor code changes ka impact company ke pichechhod gaya hai. Stable international business trends aur TPG ke saath USD 1 billion ki significant equity partnership AI data center infrastructure develop karne ke liye future deal visibility ko enhance karne ki ummeed hai. Fiscal year 2028 ke earnings per share estimate ke 22 times ke valuation ke basis par, LKP Research apna positive stance maintain karta hai.

Report 16 January, 2026 ko publish hui thi.

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