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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 snap four-day rally as banks, IT stocks drag

10/22/2020 | 06:42am EST
A broker trades on his computer terminal at a stock brokerage firm in Mumbai

BENGALURU (Reuters) - Indian shares ended lower on Thursday, dragged by losses in financial and IT stocks, tracking broader market sentiment on concerns over a setback to U.S. stimulus talks and a spike in global COVID-19 cases.

The Nifty closed down 0.35% at 11,896.45, while the Sensex ended 0.37% lower at 40,558.49, both snapping four straight sessions of gains.

The Nifty Bank Index ended 0.61% lower, weighed down by losses in lenders HDFC Bank Ltd and ICICI Bank Ltd, which closed 1.07% and 1.76% lower, respectively.

The Nifty IT Index, which has gained 7.3% so far this month, ended the session 0.76% lower. Shares of Infosys Ltd ended the day 1.68% lower and was among the top drags.

"IT stocks are undergoing some profit-taking because of stretched valuations and we are not getting a clear picture for bank stocks because of moratoriums in place," said Anita Gandhi, director at Arihant Capital Markets.

Tata Consultancy Services shed 0.16%, after the company was reported to be a potential buyer for Deutsche Bank's IT services division, Postbank Systems.

Shares of conglomerate Reliance Industries closed down 0.8% and Dr.Reddy's Laboratories ended the day 0.4% lower after the drugmaker isolated all its data center services as a preventive measure following a cyberattack.

World shares slid to a two-week low as global COVID-19 cases surged and as U.S. President Donald Trump accused Democrats of being unwilling to craft an acceptable compromise on a COVID-19 stimulus bill.

(Reporting by Philip George in Bengaluru; Editing by Ramakrishnan M.)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ICICI BANK LIMITED -0.96% 480.45 Delayed Quote.-9.98%
INFOSYS LIMITED 0.27% 1140.9 Delayed Quote.55.62%
NIFTY BANK 0.71% 29463.15 Delayed Quote.-7.29%
NIFTY IT 1.87% 22319 Delayed Quote.41.65%
RELIANCE INDUSTRIES LTD 0.17% 1958.15 Delayed Quote.30.35%
SENSEX 30 -0.08% 44618.04 Real-time Quote.8.25%
TATA CONSULTANCY SERVICES 0.83% 2749.55 Delayed Quote.26.14%
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11/10TATA CONSULTANCY SERVICES : TCS to Acquire Postbank Systems from Deutsche Bank
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11/09TATA CONSULTANCY SERVICES : Deutsche Bank to sell IT unit to Tata as it trims st..
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11/09DEUTSCHE BANK : Agrees to Sell Postbank Systems to Tata Consultancy Services
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Financials
Sales 2021 1 615 B 21 892 M 21 892 M
Net income 2021 319 B 4 327 M 4 327 M
Net cash 2021 269 B 3 651 M 3 651 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
Duration : Period :
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
Sector and Competitors
1st jan.Capitalization (M$)
TATA CONSULTANCY SERVICES26.14%139 178
ACCENTURE PLC19.80%159 830
INTERNATIONAL BUSINESS MACHINES CORPORATION-8.12%109 743
AUTOMATIC DATA PROCESSING, INC.1.98%74 901
INFOSYS LIMITED55.62%65 664
VMWARE, INC.-7.27%59 133