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Shares of Tata Consultancy Services Limited (TCS), the country's leading company in the IT sector, are witnessing a 6% rise. Today, this stock is seen at the top of the list of the fastest stocks of Nifty. Along with this, this stock is now moving towards the biggest intraday rise in the last 6 months.
Along with this rise, the Nifty IT index is also seeing an increase. During early trading, the Nifty IT index also appeared with a gain of about 2.5%.
TCS released the results for the December quarter of the current financial year after the market closed a day earlier i.e. on Thursday. After this result, many global analysts are looking bullish on TCS. CLSA has upgraded its rating for TCS. These analysts believe that TCS can see a rise of up to 12%. What do analysts say on these stocks? Bernstein has retained its "Outperform" rating for TCS with a price target of ₹ 4,700. He said that when the deal pace is fast and the management's outlook is positive, the upcycle is evident, both of which were seen in TCS's recent performance. CLSA further raised its price target from ₹ 4,251 to ₹ 4,546, citing multiple growth vectors. Nomura has a "Neutral" stance on TCS with a price target of ₹4,020. The brokerage said that the growth outlook for FY26 is unclear, but decision-making is improving. Discretionary demand is showing signs of improvement. Nomura also expects margins to improve further in FY26. HSBC has a "Neutral" stance with a price target of ₹4,540, but warned of downside risks to consensus estimates for FY26 due to weak demand in Europe and the BSNL deal. Stock performance and valuation On Friday, TCS shares were seen trading at ₹4,207, up 4.2%. Despite this gain, the stock has underperformed Infosys in the past one year and is trading at a valuation discount to Infosys. Out of 49 analysts covering TCS, 31 have given it a "Buy" rating, while 13 have recommended Hold and five have recommended Sell.
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