Yesterday, on April 9, 2025, Tata Consultancy Services or TCS Share Price experienced a nearly 2% decline in its share prices hours before announcing its Q4 financials. Besides broader market and investor confidence, analysts and market experts predicted the subdued performance of TCS in this quarter. The ramp-down of major projects like the Bharat Sanchar Nigam Limited may have led to modest figures in the company’s fourth quarter, triggering sell-offs and lower trade volumes.
TCS shares opened to the market at Rs. 3,260.55, a notable drop from the last session’s (April 8) close, Rs. 3,292.95. The share prices witnessed a day-low of Rs. 3,212.05 and a day-high of Rs. 3,270.00.
TCS Share Price On April 9
At 15:59 p.m., when the market closed, TCS dealt with its shares at Rs. 3,246.60, which is nearly 1.4% lower than Tuesday’s close. According to the reports and estimates on Money Control, the current market capitalization shows 1,174,648 cores; the UC Limit is 3,622.20, and the LC Limit is 2,963.65.
Third Quarter Financials
TCS published its third-quarter financial results on January 9, 2025. According to the disclosed figures, the company’s net profit of Rs. 12,380 crore was 11.9% more than the Rs. 11,058 crore it earned during the same period the previous year. The data also showed that during this quarter, its income grew by 5.6%. Despite these gains, the revenue missed analysts’ projections for the fifth straight quarter, primarily due to the weak performance of the North American market.
Recent News About TCS
- The TCS board is scheduled to meet today, April 10, to discuss the company’s Q4 results and interim dividend.
- The board will declare its result after the market closes for the day.
TCS Share Price Target
Based on the latest reports from Trendlyne, Tata Consultancy Services Ltd. has an average target of 4617.45. The consensus estimate represents an upside of 42.22% from the last price of 3246.60.
Should You Buy, Sell, Or Hold?
Analysts on Trendlyne were split between buying and holding TCS Shares. On MoneyControl, however, 37% of experts believed in buying the shares, 28% recommended holding, and 5% suggested selling. Before investing in TCS, consider its long-term performance and consult your analyst to make the perfect move.
