Pending — not yet graded
“Maintains 'Buy' rating on TCS with a target price of ₹3,000, implying a 46% upside. Despite elusive growth, the company delivers on margins and deal wins. The stock is attractive at 13x FY27E P/E, below its historical -1 standard deviation multiple, offering a 5% dividend yield. Growth is expected to recover over the next few quarters as macro conditions and GenAI spending improve.”
Nuvama Analysis’s track record: 4 graded calls · 95% CI 15–85%
TCSBullishCalled 10 Jul 2026
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