TCS Q3 Review: 'Buy' Says Yes Securities Post Inline Results — Check Target Price, Potential Upside

The brokerage highlights TCS’s disciplined execution, strong order book, and full-service offerings as key strengths to navigate the current demand environment..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Yes Securities remains positive on Tata Consultancy Services Ltd. over the next 12 months, citing a broad-based recovery in revenue growth, accelerating deal conversions, and resilient margins despite wage and investment headwinds. The brokerage highlights TCS’s disciplined execution, strong order book, and full-service offerings as key strengths to navigate the current demand environment.Sector-wise, momentum in BFSI and reversal in North America/UK—driven by mega deal ramp-ups and JLR revival—are expected to support international revenues in FY27, while the BSNL purchase order provides an incremental boost to India revenues.On a three-year horizon, Yes Securities remains constructive on TCS, as the company leverages its capabilities in large-scale project execution, systems integration, and ecosystem partnerships to expand into adjacent areas such as data centres and sovereign cloud. The 1GW data-centre foray, executed in collaboration with hyperscalers and governments, underscores TCS’s intent to capture the infrastructure layer of the AI economy and reinforce long-term annuity revenues..Coupled with deep enterprise relationships, an AI-first delivery model, and disciplined capital allocation, Yes Securities sees TCS evolving into a more diversified, infrastructure-plus-services technology leader with sustained earnings compounding potential..Yes Securities reiterates Buy rating with target price of Rs 4,095 at 25x Q4 FY27-Q3 FY28 EPS of Rs 163.8..Click on the attachment to read the full report:.TCS Q3 Review: Brokerages Split As Inline Quarter Meets Tepid Global Demand, FY27 Hope Intact.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

TCS Q3 Review: 'Buy' Says Yes Securities Post Inline Results — Check Target Price, Potential Upside

Yes Securities stays bullish on TCS, sees deal momentum, margin resilience to drive FY27 outlook.

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