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

TATA CONSULTANCY SERVICES

(TCS)
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Sensex, Nifty rise for sixth session as buyback plans boost TCS, Wipro

10/08/2020 | 06:47am EST
The Bombay Stock Exchange building is seen from a facade in Mumbai

BENGALURU (Reuters) - Indian shares ended higher for a sixth session as buyback plans from Tata Consultancy Services and Wipro powered the main stock index to a level last seen in February.

IT stocks were among the top gainers on the blue-chip Nifty 50, leading the Nifty IT index up as much as 5.5% to a record high.

Wipro Ltd was the top gainer on the Nifty with a 7.2% rise that also saw the stock touch a record high. The company said its board would consider a share buyback at a scheduled meeting on Oct. 13.

Shares in TCS also jumped 5.5% to hit a record high, a day after the company unveiled a $2.2 billion buyback plan.

Overall, the Nifty ended up 0.82% at 11,834.60 - its highest since Feb. 20, while the Sensex closed up 0.76% at 40,182.67.

Shares of private lender Bandhan Bank Ltd ended 1.4% higher after reporting a rise in loans and deposits.

Shares in Future Retail slid as much as 9.4% after e-commerce giant Amazon.com sent a legal notice to Future Group, alleging the retailer's $3.38 billion asset sale to Reliance Industries breached an agreement with the global e-commerce giant.

($1 = 73.1932 Indian rupees)

(Reporting by Philip George in Bengaluru)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BANDHAN BANK LIMITED 1.15% 376.6 End-of-day quote.-25.90%
FUTURE RETAIL LIMITED 0.13% 76.95 Delayed Quote.-77.50%
NIFTY 50 0.57% 13246 Delayed Quote.7.77%
NIFTY IT 0.67% 22314.2 Delayed Quote.42.59%
RELIANCE INDUSTRIES LTD -1.15% 1945 Delayed Quote.30.96%
SENSEX 30 0.03% 44632.65 Real-time Quote.8.16%
TATA CONSULTANCY SERVICES 0.83% 2726.1 Delayed Quote.25.34%
WIPRO LIMITED 0.32% 360.15 End-of-day quote.46.43%
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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 31,8x
Yield 2021 1,93%
Capitalization 10 167 B 138 B 138 B
EV / Sales 2021 6,13x
EV / Sales 2022 5,41x
Nbr of Employees 448 464
Free-Float 27,9%
Chart TATA CONSULTANCY SERVICES
Duration : Period :
Tata Consultancy Services Technical Analysis Chart | TCS | INE467B01029 | MarketScreener
Technical analysis trends TATA CONSULTANCY SERVICES
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 2 882,91 INR
Last Close Price 2 709,45 INR
Spread / Highest target 47,6%
Spread / Average Target 6,40%
Spread / Lowest Target -46,1%
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
Sector and Competitors
1st jan.Capitalization (M$)
TATA CONSULTANCY SERVICES25.34%137 733
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INFOSYS LIMITED56.04%65 640
VMWARE, INC.-7.44%59 372