Morgan Stanley has reiterated its “Overweight” call on TCS, setting a target price of ₹4,660, reflecting a 15.3% upside from the current market price of ₹4,042.
The management acknowledged pockets of strength in the demand environment but signaled caution on broader trends. TCS remains committed to its EBIT margin target of 26-28%, supported by strategic levers such as improved utilization, a refined employee pyramid, and enhanced revenue productivity.
Disclaimer: This report is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making investment decisions.
