Daily Discussion - TATA CONSULTANCY SERVICES LIMITED

TCS share price has been declining for the past few weeks due to 2.47% drop in dollar revenue not consolidated revenue. However the company seems to have cut short it's work force in order to save some profits this seems to have fixed the problem of net profits for now but in long run and with AI more and more losses in dollar revenue can be expected. On the bright side now TCS can fully focus on getting contracts from the Indian clients either from government or from the private sector. India needs a vast amounts of digital infrastructure from Digital governance to data collection and analysis. There is no one positioned better than the big 4 companies TCS, Infosys, Tech M and Wipro. India seems to be taking steps to develop indigenously so Indian corporattion can expect more and more contracts awarded to them instead of dear old USA.

I expect the TCS stock to reach to pre covid level of 1800 rs before regaining the price back to 3800 rs giving a solid 50% return in the next 1 - 1.5 years time.

Hold for even lower price point around 1800 before you start buying.

Hope this stock falls further so I can acquire around 2000 rs. This is bounce back to 3,500 for sure by the end of year.

I have purchased 1200 shares around 2325, hope to sell it at 5% increase in price. The company is about to pivot.

sold at 2440 made a solid profit. good returns for holding just one day

Closed at 2149 today. No need to fear as the tcs is oversold and under priced good time to accumulate more. this is just a fear from Nasdaq down trend.

TCS has acquired MHP consultancy firm with 340 million USD. it is a consultancy specalised in providing technical support and development primarily to automobile industry. This value would not be reflected in this quarter but will definetly help the company maintain it's client numbers