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Stock Tips: Shares of this company can rally up to 12%, know what is the target price

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Stock Tips: Shares of this company can rally up to 12%, know what is the target price

The current market price of Tata Consultancy Services (TCS) is Rs 3,856. The stock is expected to rise around 11-12% in a year to reach the target price.

Stock Tips: Brokerage firms are bullish on Tata Consultancy Services (TCS) in the new year. Brokerage firm HDFC Securities has expressed confidence in this stock and has suggested ADD call i.e. buy more. The brokerage firm has set a target price of Rs 4,350 for this stock. The current market price of Tata Consultancy Services is Rs 3,856. The stock is expected to rise around 11-12% in a year to reach the set target. Meanwhile, Emkay Global has also given BUY rating to the stock of Tata Consultancy Services. The brokerage firm has fixed a target price of Rs 4,100 for this. This stock has given 24.4% return in the last 12 months.

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Nifty IT index up 3 per cent

The Nifty IT index has gained nearly 3 per cent in the last four trading sessions. However, IT stocks including Tata Consultancy Services (TCS), Infosys and Wipro underperformed on Wednesday under selling pressure. The Nifty IT index fell nearly 2.5 per cent in intraday on January 5, which is the worst intraday fall since December 20.

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During this period, TCS declined by 1.8 per cent, Infosys by 2.8 per cent and Wipro by 2.5 per cent. HCL Tech, Tech Mahindra, Mphasis, Mindtree, L&T Infotech, L&T Technologies and Coforge also fell between 1.9 per cent and 3.1 per cent. JM Financial Services has retained Buy ratings on Infy, Tech Mahindra, HCL Tech and Hold ratings on TCS, Wipro, Zensar Tech and L&T Infotech.

(The stock recommendations given in the story are those of the respective research analyst and brokerage firm. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)

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