Today, on February 28, 2025, Tata Consultancy Services or TCS share Price declined by 3.2% from its previous close of ₹3,612. The opening price today was ₹3,584. Several factors contributed to the decline in share price, including Nifty’s IT index slipping into the sixth session. Considering the ongoing trends, should you buy, sell, or hold your shares? Let’s see what experts say.
TCS Share Price in Today’s Market
As of 10:30 a.m., Tata Consultancy Services (TCS) shares are trading at ₹3,497. This represents a 2.45% fall from the opening bell- ₹3,584- a 3.2% decline from its previous close. According to Money Control, the current market capitalization of TCS is ₹1,265,462 crores; UC Limit reports ₹3,973.80, and LC stands at ₹3,251.30
Company Financials
TCS, one of the largest IT services in the world, disclosed its third-quarter financials on January 9, 2025. The company reported a net profit of ₹12,380 crore, indicating an 11.9% increase from the same quarter of the previous year’s ₹11,058 crore. The data shows that their revenue grew by 5.6% during this period.
Despite these gains, the revenue fell short of analysts’ expectations, primarily due to underperformance in the North American market for the fifth consecutive quarter. Today, the Sector P/E stands at 33.27
Recent News about TCS
- In January this year, TCS expressed optimism about the strong holiday sales and improved labor conditions in manufacturing following a resurgence in technology spending among their clients in North America.
- TCS announced its expansion in recruiting fresh engineering graduates for the fiscal year 2025-2026. The company plans to surpass the current fiscal year hire- 40,000.
- Additionally, TCS announced plans to invest in training the final year engineering students to make them industry-ready before graduation.
TCS Share Price Target
INDmoney reports an average target price of ₹4,507.36. It expects an upside of approximately 24.19%. The estimates range between ₹3,415 and ₹5,620. TradingView provides an average target of ₹4,526.16.
Should you buy, sell, or hold?
36% of analysts and experts on Money Control suggest ‘buy’, 24% recommend ‘hold’, and 7% recommend ‘sell.’ Analysts on Trendlyne, however, provide a mixed recommendation of ‘buy’ and ‘hold.’
Before deciding as an investor, factor in TCS’s long-term performance and consult with your analyst to make your perfect move.
