TCS Long-Term Investment Idea💡

Introduction

Tata Consultancy Services Ltd. engages in the provision of information technology (IT) services, consulting, and business solutions. It operates through the following segments: Banking, Financial Services, and Insurance; Manufacturing; Consumer Business; Communication, Media, and Technology; Life Sciences and Healthcare; and Others. The Others segment refers to energy, resources and utilities, s-Governance, and products.

Observation

After a 13% correction from its top stock making a bullish engulfing candle with good volume. Stock trade above 50-week EMA with good fundamentals

Let's touch fundamentals

ROCE - 64.3%
ROE - 51.5%
Debt to equity - 0.09
PE - 31
Promoter Holding - 71.8%
Public holding - 5%
Promoter Holding Pledge - 0.28

Technical Analysis & indicators 🔍

Weekly chart
Bullish Engulfing

News of the day

1. Apollo Hospitals Enterprise recorded a rise in its consolidated attributable profit to 3.79 billion Indian rupees in the fiscal second quarter ended Sept. 30 against 2.33 billion rupees a year ago.Earnings per share grew to 26.34 rupees compared with 16.20 rupees, according to a filing to the stock exchanges on Wednesday by the hospital chain. The EPS is higher than the 25.78 rupees estimated by the analysts polled by Visible Alpha.

2. Indian IT services giant Tata Consultancy Services has secured a new deal of an undisclosed amount from European airline Air France-KLM, according to a filing to the stock exchanges on Thursday.Under the terms of the deal, TCS will help the airline to modernize the airline group's data by moving it the to cloud, promoting the next generation of data-driven aviation over the next three years.

3. With Donald Trump set to return to the White House, expectations of pro-business moves are rife, including the much-talked-about cut in corporate tax rates. Experts told Moneycontrol that such a move may provide a much-needed boost to corporate budgets, and could have a ripple effect on the American economy, and especially the information technology (IT) service providers.“It is no great secret that he (Trump) will look at reducing corporate taxes at the earliest, which will put more money into the hands of CIOs, CTOs, and line of business owners to re-look at tech programs that were put on the back burner,” Gaurav Parab, Principal Research Analyst, NelsonHall said.

Educational content 📖

This stock analysis is designed for educational purposes and should not be taken as financial advice. Please carry out your own research or consult with a financial advisor before investing.

Thu Nov 7, 2024