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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Tata Consultancy Services    TCS   INE467B01029

TATA CONSULTANCY SERVICES

(TCS)
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Indian shares close slightly higher on global cues

09/07/2020 | 06:48am EST

BENGALURU, Sept 7 (Reuters) - Indian shares ended slightly higher on Monday as investors looked past surging coronavirus infections at home and took cues from global shares, which edged up following a Wall Street-led rout in technology stocks last week.

The blue-chip NSE Nifty 50 index closed up 0.19% at 11,355.05, while the benchmark S&P BSE Sensex ended 0.16% higher at 38,417.23. Both indices fell over 2.6% last week.

"A small bounce back was due and so long as the liquidity situation remains okay, we won't see too much downside," said Samrat Dasgupta, chief executive officer at Esquire Capital Investment Advisors.

"Unless we have a situation where lockdown starts again or we have to reverse the unlock process, I don't see the (rising coronavirus cases) as a big concern," Dasgupta added.

Coronavirus infections surged past 4.2 million, making India overtake Brazil to be the country with the second-highest number of cases.

World shares were up 0.2%, after losing $2.3 trillion in the last two sessions in a technology stocks led rout. European shares also bounced, on a day where market activity was likely to be subdued.

In Mumbai, debt-ridden telecoms carrier Vodafone Idea Ltd ended 2.1% higher after the company unveiled a rebranding on Monday. It had on Friday approved fundraising of up to 250 billion rupees ($3.40 billion), as it tries to pay off hefty dues it owes to the government.

The Nifty IT index closed 0.57% higher. IT major Tata Consultancy Services Ltd rose 1.7% and was the top boost to the Nifty 50.

The Nifty energy and Nifty auto indexes closed lower by 0.51% and 0.48%, respectively.

HDFC Bank Ltd and Bajaj Finance Ltd were the top drags on the Nifty, falling 0.8% and 2.6%, respectively. ($1 = 73.4750 Indian rupees) (Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Shounak Dasgupta)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BAJAJ FINANCE LIMITED 0.00%End-of-day quote.0.00%
HDFC BANK LIMITED 1.00% 1440.85 End-of-day quote.13.27%
NIFTY 50 0.07% 13113.75 Delayed Quote.6.58%
SENSEX 30 1.15% 44618.04 Real-time Quote.8.25%
TATA CONSULTANCY SERVICES -0.25% 2749.55 Delayed Quote.26.14%
VODAFONE IDEA LIMITED -1.50% 9.9 Delayed Quote.62.60%
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Financials
Sales 2021 1 615 B 21 901 M 21 901 M
Net income 2021 319 B 4 329 M 4 329 M
Net cash 2021 269 B 3 652 M 3 652 M
P/E ratio 2021 32,0x
Yield 2021 1,92%
Capitalization 10 184 B 139 B 138 B
EV / Sales 2021 6,14x
EV / Sales 2022 5,42x
Nbr of Employees 448 464
Free-Float 27,9%
Chart TATA CONSULTANCY SERVICES
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Tata Consultancy Services Technical Analysis Chart | TCS | INE467B01029 | MarketScreener
Technical analysis trends TATA CONSULTANCY SERVICES
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 2 882,91 INR
Last Close Price 2 726,80 INR
Spread / Highest target 46,7%
Spread / Average Target 5,72%
Spread / Lowest Target -46,5%
EPS Revisions
Managers
NameTitle
Rajesh Gopinathan CEO, MD & Non-Independent Executive Director
Natarajan Chandrasekaran Non-Executive Chairman
N. Ganapathy Subramaniam COO & Non-Independent Executive Director
V. Ramakrishnan Chief Financial Officer
K. Ananth Krishnan Chief Technology Officer
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