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TCS Q4 Results Review — IDBI Capital Upgrades Rating To 'Buy', Sees Upto 15% Upside
With the near term softness already reflected in the price, IDBI Capital upgrades rating to Buy from Hold by valuing the company at 24.8x FY27E with target price of Rs 3,733.
11 Apr 2025, 10:12 AM IST 
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TCS' order book TCV stood at $ 12.2 billion with 1.6x in Q4 without a mega deal and management indicated a few mega deals in the pipeline and AI becoming the integral part of all the deals. (Photo Source: Company's official Facebook page)
TCS being a market leader with their strong managed portfolio, Gen AI projects and workforce strength would continue to be the same. Any early improvement in demand environment would reflect in their topline.
