TCS.NS - Tata Consultancy Services Limited

NSE - NSE Real Time Price. Currency in INR
2,046.40
+9.10 (+0.45%)
At close: 3:30PM IST
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Previous Close2,037.30
Open2,038.00
Bid0.00 x 0
Ask0.00 x 0
Day's Range2,016.00 - 2,056.00
52 Week Range1,784.35 - 2,296.20
Volume3,032,582
Avg. Volume2,480,565
Market Cap7.679T
Beta (3Y Monthly)0.86
PE Ratio (TTM)23.70
EPS (TTM)86.35
Earnings DateJan 9, 2020
Forward Dividend & Yield32.00 (1.57%)
Ex-Dividend Date2019-10-17
1y Target Est2,122.44
  • $30 Billion of Proof That India's Tech Scene Is Back
    Bloomberg

    $30 Billion of Proof That India's Tech Scene Is Back

    (Bloomberg Opinion) -- India’s largest startup is ready to birth its own unicorn. That’d be unusual anywhere, but that it’s happening in India offers some hope for the country’s long-awaited tech renaissance. This is also  great news for Walmart Inc. The U.S. retail behemoth paid $16 billion for 77% of India e-commerce company Flipkart Group in May last year. That deal included payments unit PhonePe — an early pioneer in the digital-wallet business — which Flipkart had acquired two years earlier. Now Walmart is engineering a spinoff as part of a $1 billion funding round that could value payment unit at up to $10 billion and give the retailer an 82% stake in PhonePe and Flipkart, India’s Economic Times reported. From one $20.8 billion company 18 months ago, India will get two unicorns at a combined value of up to $30 billion.(1)There are already indications that PhonePe has shed its Flipkart training wheels. From 50% of its transactions three years ago, Flipkart now accounts for just 0.5%, Indian media outlet The Ken reported, citing PhonePe’s head of strategy and planning. During Flipkart’s annual Big Billion Days sale last month, PhonePe’s logo no longer had top billing on the e-commerce website, according to The Ken. Instead it was listed as just one of the many payment options available to online shoppers.  That PhonePe is preparing to fly solo is also a sign of India’s maturing digital sector. Not only is the company willing to directly tackle rivals such as Alphabet Inc.’s Google Pay and Facebook Inc.’s forthcoming WhatsApp payments, but it’s also managing to survive in the scary wilderness beyond the gates of Flipkart. (Survive, of course, is a relative term. It’s likely still burning cash and posting losses, though at least it can keep up with well-funded adversaries, a key measure of success at this point in the game.)More broadly, the PhonePe spinoff would strengthen the case that a homegrown hero can hold its own when foreign rivals enter. Paytm, another Indian startup, is on the verge of landing a $2 billion round of funding from investors including Ant Financial, SoftBank Group Corp. and Discovery Capital Management which could give it a $16 billion valuation, Bloomberg News reported this week.Hopefully the momentum at both PhonePe and Paytm will spur more Indian entrepreneurship, feeding a rebirth in India’s tech sector not seen since the IT-outsourcing boom two decades ago. While that gave us Tata Consultancy Services Ltd., Infosys Ltd., Wipro Ltd. and dozens more, most of those businesses focused on serving foreign needs. Now, a crop of stars is emerging to meet the needs of India’s 1.3 billion people. It’s not a big step from this spinoff to an actual IPO, a development that will put India back on the global technology map.(1) This assumes no reduced valuation for Flipkart.To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • TCS Delivers Steady Growth in Q2
    PR Newswire

    TCS Delivers Steady Growth in Q2

    ­­­- Q2 CC Revenue Growth of 8.4% YoY - UK (+13.3% YoY) and Europe (+16% YoY) Drive Growth - Digital Revenue at 33.2%, Growth of 27.9% YoY - Net Margin at 20.6%; EPS Growth: 3.8% YoY - Special Dividend ...

  • TCS flags challenging second half after missing profit estimates
    Reuters

    TCS flags challenging second half after missing profit estimates

    MUMBAI/BENGALURU (Reuters) - Tata Consultancy Services Ltd warned of a challenging second half after India's No. 1 IT services exporter missed September-quarter profit on Thursday, as a slowing global economy forced many of its clients to cut back spending. TCS kicks off India's corporate earnings season, and in the quarter ended September company profits were expected to be muted, given a slowdown in the domestic economy. Ratings agency Crisil warned in a note on Thursday that India Inc's revenue likely fell to a 14-quarter low in the three months ended September due to a sharp fall in demand across consumption segments.

  • Analysts Expect Contraction in Profits for India’s Earnings
    Bloomberg

    Analysts Expect Contraction in Profits for India’s Earnings

    (Bloomberg) -- For Indian equity investors looking for an uptick in earnings growth, the wait has got longer.A slowdown in domestic growth and the lingering shadow banking crisis mean the September-quarter results season that kicks off Thursday will be similar to one seen over several quarters in recent years -- tepid and patchy.Analysts expect to see a contraction in profits across most industries, with Edelweiss Securities Ltd. forecasting sales growth for the stocks it tracks to be the lowest in a decade. The series of steps taken by the government to revive growth, including the $20 billion tax cut for companies, are too recent to reflect in the quarterly report cards, although analysts have since raised their estimates for 12-month forward earnings.“Overall, we expect a soft quarter and earnings revival could still take some time,” Edelweiss Securities Ltd. analysts Prateek Parekh and Padmavati Udecha wrote in a note on Oct. 7. The brokerage’s forecast for sales growth excludes banks and commodities-related companies.NSE Nifty 50 Index earnings for the year to March will shrink by about 4% from a year earlier, according to Edelweiss and Motilal Oswal Securities Ltd.Software exporters and industrial companies’ earnings growth likely fell below 5%, retail banks, oil refiners and consumer discretionary firms may post profit expansion topping 25%, Edelweiss’ Parekh and Udecha wrote.Earnings risks continue to be tilted to the downside because of the slowing economy, uneven asset quality patterns seen in financial-services companies and depressed commodity prices, according to Motilal Oswal.“At this point, tax rate cuts will largely limit the downgrades rather than driving big upgrades on the earnings front,” the brokerage said in a recent note.Here’s what brokerages expect from the earnings season that gets underway Thursday with results from Asia’s top software exporter Tata Consultancy Services Ltd.Kotak Institutional EquitiesWhile Nifty index’s pre-tax earnings are seen declining, banks led by Axis Bank Ltd., ICICI Bank Ltd. and State Bank of India Ltd. should post 34% growth, analysts led by Sanjeev Prasad wrote in Oct. 7 note.Pharmaceuticals are a top pick as the domestic drug business could see 10-12% growth from a year earlier.Motilal OswalProfit before tax for the firm's universe to grow 2% year-on-year but net profit to drop 6%, dragged by automobiles and metals. Ex-financials, PBT/PAT to decline 14% and 8% YoY.Private banks, consumer, cement and capital goods will provide some respite.Top picks: SBI, ICICI, HDFC among large-cap stocks; mid-cap bets include Indian Hotels, M&M Financials, Colgate and AlkemCitigroup Inc.Expects 3% decline in profit before tax for Nifty index; profit before tax ex-financials is expected to decline 12%Expects weak trends across consumer names, commodities, financials and pharmaceuticalsTop picks: Dr Reddy’s Laboratories Ltd., HDFC Ltd. and HCL Technologies Ltd.Bank of America Merrill LynchEconomic growth spurred by tax cuts is a ‘second order effect’ and may take time.Nifty’s EPS up by about 7% because of tax cuts but difficult to justify upside to the index based on ‘first order effect’ of the reduction.Prefer financials, industrials, cement; overweight software exporters as a hedge against currency risks.Antique Stock BrokingPoor consumer demand and narrower margins for commodities-related companies will weigh on Nifty profits. Antique will revise its 13,100 year-end target after the results season. The index was little changed at 11,135.85 at 11 a.m. in Mumbai.Margins for steelmakers to narrow sequentially due to weak demand, while upstream oil players’ profitability will be eroded by lower oil prices.(Adds section on analyst comments)\--With assistance from Ravil Shirodkar and Nupur Acharya.To contact the reporters on this story: Ishika Mookerjee in Singapore at imookerjee@bloomberg.net;Abhishek Vishnoi in Singapore at avishnoi4@bloomberg.netTo contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Margo Towie, Ravil ShirodkarFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • TCS a Leader in Life Sciences Digital Services: Everest Group
    PR Newswire

    TCS a Leader in Life Sciences Digital Services: Everest Group

    Tata Consultancy Services' Credible Digital Transformation Capabilities and Focus on Next-generation Digital Solutions such as the Advanced Drug Development and Connected Clinical Trials platforms were ...

  • Reuters

    Analysts cut Asian firms' 2019 profit outlook on trade worries

    Analysts have cut their earnings forecasts for Asian firms over the past month due to concerns over U.S-China trade tariffs and slowing global economic growth, Refinitiv data shows. Over the past 30 days, analysts have cut 2019 net income forecasts for Asian firms by an average of 0.4%, the data shows. Japan has led the earnings downgrades in the region, with a 1.4% cut, followed by Australia and Vietnam.

  • Reuters

    India, Malaysia priciest share markets in Asia - Refinitiv data

    India and Malaysian equities were the most expensive in Asia on Oct. 2, based on their price-to-earnings valuation metrics, according to Refinitiv. Most other regional markets saw a rise in valuations over the past month, thanks to some easing U.S-China trade tensions and rate cuts by major central banks. A corporate tax cut announced by India's finance minister last month to boost manufacturing and revive its weakening economy propelled Indian shares higher.

  • Reuters

    Asian shares post gains in September on trade hopes

    Asian shares posted their first monthly gain in three months in September as a softening of U.S.-China trade tensions and major central banks' monetary easing measures averted fears about a global recession and lifted riskier assets such as Asian shares. Last month, the United States and China agreed to hold high-level trade talks in early October, raising hopes that the two top global economies can de-escalate the tariff spat before it inflicts further damage on the global economy.

  • Wyoming Educators Obtain Computational Thinking Principles through Ignite My Future in School
    PR Newswire

    Wyoming Educators Obtain Computational Thinking Principles through Ignite My Future in School

    LARAMIE, Wyo. and NEW YORK, Sept. 23, 2019 /PRNewswire/ -- Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, and Discovery Education, the leading provider of digital education content and professional development for K-12 classrooms, have launched Ignite My Future in School within the Albany County School District. This free professional training event will connect more than 100 local educators with education experts to learn about Ignite My Future in School, understand its purpose and receive hands-on curriculum training.

  • TCS a Leader in Software Product Engineering Services: Everest Group
    PR Newswire

    TCS a Leader in Software Product Engineering Services: Everest Group

    Report Cites Tata Consultancy Services' Market-recognized Domain Knowhow and Credible and Structured Approach to Develop IP / Assets around Emerging Themes, as Strengths NEW YORK and MUMBAI, India , Sept. ...

  • TCS goIT Celebrates 10-Year Anniversary with New Micro Bit, GIS Technology Pathways and Digital Innovation Lab
    PR Newswire

    TCS goIT Celebrates 10-Year Anniversary with New Micro Bit, GIS Technology Pathways and Digital Innovation Lab

    Tata Consultancy Services' goIT, North America's Largest Industry Engagement Program for Computer Science Education, will also Add AI and IoT Offerings for Students NEW YORK and MUMBAI, India , Sept. 19, ...

  • TCS Partners with Cisco to Build Solutions that Accelerate Digital Transformation
    PR Newswire

    TCS Partners with Cisco to Build Solutions that Accelerate Digital Transformation

    Tata Consultancy Services' New Cisco DNA Center of Excellence Will Build Network-Optimized Transformational Solutions that Reduce Risk and Enhance Customer Experience NEW YORK and MUMBAI, India , Sept. ...

  • Reuters

    Indian firms lead earnings downgrades in Asia as slowdown bites

    India led Asia's earnings downgrades over the past month with analysts expecting more troubles this year due to a consumption slowdown and liquidity crunch in the financial sector. Over the past 30 days, analysts have slashed Indian firms' 2019 earnings forecasts by 4.3% - the highest cut in Asia, Refinitiv data shows. The cut comes as more than 60% of Indian firms missed their consensus earnings estimates in the June quarter, underscoring a lacklustre earnings performance.

  • Reuters

    Asian equity valuations fall to lowest in 3 months in Aug - Refinitiv data

    Valuations of Asian shares took a hit in August after a sharp sell-off due to an escalation of the United-States-China trade war. A lackluster earnings performance for Asian firms in the second quarter - in which 55% of companies in the region missed their consensus earnings estimates - also affected price valuations last month. In a report last week, Goldman Sachs said its fresh 12-month target for MSCI Asia-Pacific ex-Japan is 515, or 1% below the previous 520 expectation.

  • Digitate and ignio™ Win Four Stevies® at the 2019 International Business Awards
    PR Newswire

    Digitate and ignio™ Win Four Stevies® at the 2019 International Business Awards

    Tata Consultancy Services' Software Venture was Recognized for its Revenue Growth, Customer Success and Product Functionality SANTA CLARA, Calif. and MUMBAI, India , Aug. 28, 2019 /PRNewswire/ -- Digitate, ...

  • New Version of TCS iCMC™ Solution to Help Enterprises Accelerate their Cloud Journey
    PR Newswire

    New Version of TCS iCMC™ Solution to Help Enterprises Accelerate their Cloud Journey

    Tata Consultancy Services' Recommendation Engine Enables Quicker and Easier Decision-making, and Helps Customers Select the Best-fit Cloud Solution for their Digital Transformation NEW YORK and MUMBAI, ...

  • TCS Recognized as a Leader in Gartner Magic Quadrant for Global Retail Core Banking
    PR Newswire

    TCS Recognized as a Leader in Gartner Magic Quadrant for Global Retail Core Banking

    Among the Vendors Evaluated in the Report, Tata Consultancy Services was Placed Highest for its Ability to Execute NEW YORK and MUMBAI, India , Aug. 22, 2019 /PRNewswire/ -- Tata Consultancy Services (TCS) ...

  • TCS' New York City Marathon App Wins Gold in Best in Biz Awards 2019 International
    PR Newswire

    TCS' New York City Marathon App Wins Gold in Best in Biz Awards 2019 International

    Tata Consultancy Services Recognized in App of the Year Category for the Third Consecutive Year NEW YORK and MUMBAI, India , Aug. 21, 2019 /PRNewswire/ -- Tata Consultancy Services (TCS) (BSE: 532540, ...

  • TCS Interactive Wins 2019 Red Dot: Best of the Best Award in Brands and Communication Design
    PR Newswire

    TCS Interactive Wins 2019 Red Dot: Best of the Best Award in Brands and Communication Design

    Tata Consultancy Services was Recognized for the Design of its Inclusive 3D Two-Player Game that Simulates the Iconic TCS New York City Marathon Finish-line Experience NEW YORK and BERLIN , Aug. 16, 2019 ...

  • ignio™ Celebrates Fourth Anniversary by Doubling its Revenue and Customer Base
    PR Newswire

    ignio™ Celebrates Fourth Anniversary by Doubling its Revenue and Customer Base

    - Over 100 Large Enterprises Use Digitate's Cognitive Automation Software to Drive Agility, Business Assurance, and Superior Customer Experience - Originally Launched to Make Enterprise IT Resilient and ...

  • Reuters

    Asian share valuations fall as higher trade war risks priced in

    Valuations of Asian shares have dropped sharply over the past month, as regional markets slumped after the United States escalated its trade war with Beijing by threatening to put tariffs on all its imports from China. Fears about trade war damage worsened after President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports not already covered by extra duties, starting Sept. 1. "We no longer expect a trade deal before the November 2020 US presidential election," the brokerage said.

  • TCS Launches Robotic Automation Solutions to Accelerate Digital Transformation in the Semiconductor Industry
    PR Newswire

    TCS Launches Robotic Automation Solutions to Accelerate Digital Transformation in the Semiconductor Industry

    Tata Consultancy Services' Robotic Data Factory Solution, Built at its New Center of Excellence, will Significantly Reduce the Response Time to Anomalies in Semiconductor Production NEW YORK and MUMBAI, ...

  • TCS Positioned as a Leader in Application Modernization and Migration Services by Independent Research Firm
    PR Newswire

    TCS Positioned as a Leader in Application Modernization and Migration Services by Independent Research Firm

    Tata Consultancy Services' Machine First™ Approach that Leverages High Levels of Automation, is Helping Customers Reduce Risks and Accelerate their Digital Transformation Journeys NEW YORK and MUMBAI, ...