New Sell Rating for Tata Consultancy Services Limited (TCS), the Technology Giant

Jefferies analyst Akshat Agarwal maintained a Sell rating on Tata Consultancy Services Limited on April 10 and set a price target of INR2,275.00. The company’s shares closed last Friday at INR2,524.35.

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Agarwal covers the Technology sector, focusing on stocks such as Infosys, Tata Consultancy Services Limited, and Hexaware Technologies Limited. According to TipRanks, Agarwal has an average return of -3.9% and a 34.48% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tata Consultancy Services Limited with a INR3,302.20 average price target.

Based on Tata Consultancy Services Limited’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR706.98 billion and a net profit of INR137.18 billion. In comparison, last year the company earned a revenue of INR644.79 billion and had a net profit of INR122.24 billion

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