Giant Stock TCS has given a Breakout (Invest and forget)

18 sept 2023

Hello Traders and investors.
I have brought an analysis on TCS ltd, it has given a breakout of kind of triangle pattern, And after breakout it has come to retest the levels, now it is showing pull back pattern, in between it has given a breakout of upper band of trendline and Price is sustaining above to that trendline, Seems Tcs is ready to fly in blue sky. This is kind of invest and forget type of stock for long term. Tcs is really giving a best entry now to go for long term as well as short term from here. Well this is a Giant, this can definitely play a important role to take nifty towards 21k in short term.

Tata Consultancy Services is the flagship company and a part of Tata group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions.

Market Cap
₹ 13,18,941 Cr.
Current Price
₹ 3,606
High / Low
₹ 3,619 / 2,926
Stock P/E
30.2
Book Value
₹ 247
Dividend Yield
1.33 %
ROCE
59.1 %
ROE
46.9 %
Face Value
₹ 1.00
Debt
₹ 7,688 Cr.
EPS
₹ 120
PEG Ratio
2.89
Promoter holding
72.3 %
Intrinsic Value
₹ 2,191
Pledged percentage
0.48 %
EVEBITDA
20.3

PROS

Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 43.3%
Company has been maintaining a healthy dividend payout of 61.4%
Company's working capital requirements have reduced from 43.6 days to 32.8 days

CONS

Stock is trading at 14.6 times its book value

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Thankyou

9 oct 2023

Nota

Guy's our analysis has worked well in this. After giving best entry this is started fly in blue sky, See today all market is down but this is still stand positive among all, there is news in stock also,, company has announced buy back share at higher price, so i think this is still giving best entry to go long in it.