Share of Tata Consultancy Services Limited(TCS) is currently trading at around Rs.3350. Investors are coming to Share Market Experts and Investment consultants and asking the TCS share price target for 2023. Existing as well as prospective investors of TCS having lot of questions about the share and the company. Some other questions being asked by the investors are given below. We are giving the answers to all the questions asked by the investors in this article :
- What is TCS Share Price Target For 2023 ?
Answer : Target Price of TCS is around 3700 by the end of 2023. This share may touch the level of around Rs.4000 during 2024 and Rs.4500 during 2025.
- What will be TCS price after 5 years?
Answer : TCS share may touch the level of around Rs.6000 after 5 years during 2027
- Is TCS overvalued?
Answer : Yes. Share of TCS is slightly overvalued but the share is likely to perform well in long term despite its overvaluation
- Is TCS bullish or bearish?
Answer : You will see mix trends in the price movement of TCS over the next few years. Both Bullish and Bearish trends will be noticed in TCS during the next few years
- Is TCS share a good buy?
Answer : Yes. At current market price TCS is a good buy for medium to long term investment. Small quantities of the share should be added on every fall in its share price to receive the maximum profit.
KEY HIGHLIGHTS OF TCS:
- Earning per Share (EPS) of TCS has improved to around 105 as compared to the last year’s EPS of 88.
- P/E Ratio of TCS is currently around 32
- Price to Book Value Ratio is around 14 times
- Price to Sales Ratio is around 7 times
- Price to Cash Flow Ratio is around 30 times
- Return on Equity of the company during Financial Year ending 2022 has improved to around 43% as compared to ROE of around 38% during last year
- Return on capital employed has also improved to around 59% during FY 2022 as compared to the Return of around 51% during last FY 2021
- Return On Assets Ratio of the company has also improved and stood at 28.5% during FY22, from 26.2% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.
Looking into the financial performance and fundamentals of the company, TCS is a good stock to hold and buy whenever there is an opportunity to buy the share.
Disclaimer : Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the market expectations from the Budget 2023. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general guidance purpose only. Moneyinsight does not offer investment advice and does not encourage any action based on its content.
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