Global investment bank Citi has set a price target of ₹2,835.00 for Tata Consultancy Services , signaling the brokerage's outlook on the IT major's stock performance. The price target announcement comes as part of Citi's ongoing coverage of the Indian IT services sector.

Brokerage Recommendation Details

The following table summarizes the key details of Citi's recommendation:

Company Profile

Tata Consultancy Services is a prominent player in India's IT software sector and holds a large-cap classification in the equity markets. The company operates under the stock symbol TCS and maintains a significant market presence with substantial market capitalization.

Market Context

Price targets issued by global brokerages like Citi serve as important reference points for investors and market participants. These targets reflect the brokerage's analysis of various factors including company fundamentals, sector dynamics, and market conditions. The ₹2,835.00 price target provides investors with Citi's assessment of the stock's potential valuation.

Tata Consultancy Services has received continued positive coverage from Morgan Stanley, with the investment firm maintaining its Overweight rating on the stock.

Rating Details

Morgan Stanley has set a price target of ₹3,430.00 for TCS shares, maintaining its Overweight recommendation. This rating typically indicates that the brokerage expects the stock to outperform relative to other stocks in its coverage universe.

Market Implications

The maintained Overweight rating reflects Morgan Stanley's continued confidence in TCS's business prospects and market position in the IT services sector.