Page 48 - Tcs News Today

TCS share price target: A total of 40 analysts track TCS, out of which 10 have strong 'Buy' calls, eight 'Buy' 14 'Hold' and eight 'Sell' or 'strong Sell' recommendations, as per publicly available data with Trendlyne suggests

Barring Reliance Industries, nine other companies including HDFC Bank, ICICI Bank, Infosys and Hindustan Unilever witnessed addition in their market valuation. Bharti Airtels valuation rallied Rs 23,746.04 crore to Rs 5,70,466.88 crore. The market capitalisation (mcap) of TCS jumped by Rs 19,027.07 crore to reach Rs 12,84,180.67 crore. HDFC Bank added Rs 17,881.88 crore, taking its market valuation to Rs 11,80,588.59 crore.

India Business News: The combined market valuation of nine of the top-10 most valued firms climbed Rs 1,30,391.96 crore last week, with Bharti Airtel and Tata Consultancy

UBS maintained a sell rating on Bajaj Auto with a target of Rs 5600. e-3W transition dilutive to margins and market share. The global investment bank is of the view that the market is overly confident about Bajaj Autos e-3W market share and looted margins.

In Primeshots today: Tata Tech lists at a premium; TASLs strategic aerospace hub; and PhonePe onboards gaming firms on Indus.

TCS’ existing shareholders, who held TCS shares worth less than Rs 2 lakh on November 25 (record date) could use the buyback route and tender their shares, maximum of 57 shares, to get premium buyback price of Rs 4,150.

A translational research centre to support transition of IP from lab to industry was created recently. The new position of head, translational research and entrepreneurship has been created to further accelerate these initiatives, said the institute.

TCS share price rose as the companys share buyback opened on December 1. The buyback, offering Rs 4,150 a share, contributed to the upward momentum

While the buyback entitlement for small investors, as defined by those with investments up to Rs 2 lakh, was fixed at 17%, the final acceptance ratio is expected to be around 30-35% in the category as not all shareholders participate in the buyback. The acceptance ratio has been 100% during the previous buybacks in 2017, 2018, and 2020. However, the acceptance ratio was around 24% during the last buyback in 2022.

TCS Sustainathon is an ideation competition that aims to inspire students to envision a sustainable future by leveraging on digital technologies to solve real world problems. It is a platform that enables our young minds to collaborate with private companies, non-profit organizations and government agencies to co-create solutions to tackle sustainability challenges. Students are invited to deep dive and develop ideas and solutions to address the Challenge Statements developed for them.