09 Oct 2026, 06:25 IST
Tata Consultancy Services Limited
HDFC Securities · ADD · target INR 2,470
The report says TCS's Q2FY27 revenue grew 0.5% QoQ in constant currency, led by international business and AI adoption, with annualized AI revenue surpassing USD 3bn and contributing ~10% of revenue, while margins remain a monitorable due to elevated subcontracting costs and MHP consolidation, and maintains an ADD rating with a target price of INR 2,470 based on 15x Sep-28E EPS.
From HSIE Results Daily 9 Oct 26 HSIE, written by HDFC Securities. Orivam summarised it; the view is HDFC Securities's, not Orivam's.
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