Mumbai, December 18:
Brokerage firm **Motilal Oswal Financial Services has reaffirmed its ‘Buy’ rating on Tata Consultancy Services (TCS), citing undemanding valuations and robust long-term fundamentals as key drivers for investor confidence. The brokerage values TCS at 26 times FY28E earnings per share, underlining that the stock’s current valuation presents an attractive entry point for investors amid broader IT sector volatility.
Motilal Oswal has set a target price of ₹4,400 for TCS, implying a potential upside of around 37 per cent from prevailing market levels, reflecting optimism about the company’s future earnings trajectory. Analysts highlighted TCS’s leadership position in digital and AI-led services, strong deal pipeline, and disciplined execution as key reasons for the Buy call. Institutional investors and market participants are watching TCS’s ability to capitalise on enterprise technology transformation and cloud-related opportunities as it navigates evolving demand conditions.
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