April 19, 2025
Home » Buy TCS, target price Rs 4,060: JM Financial Jobbery Stock Market update
Buy TCS, target price Rs 4,060: JM Financial

JM Financial recommends a ‘Buy’ for Tata Consultancy Services (TCS), setting a target price of Rs 4060, citing strong TCV wins of $12.2bn and improved revenue visibility. Despite a margin miss in the latest quarter, management is confident of higher growth in FY26. The brokerage has cut EPS estimates but believes valuations have limited downside, maintaining a positive outlook.

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