Pending — not yet graded
“Downgraded TCS to 'Hold' with a revised target price of ₹2,326 (2% upside) from ₹2,165, citing structural concerns despite potential AI volume growth by FY30. Q1 earnings were a mixed bag, and long gestation time for AI benefits limits near-term upside.”
TCSNeutralCalled 19 Aug 2026
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