Tata Consultancy Services Ltd
TCS: XNSE (IND)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
INR 4,512.00 | Nkbm | Dhxlxpjrj |
Tata Consultancy Services Earnings: Spending Weakness Keeps Demand for Tata's Solutions Tepid
We maintain our INR 2,960 fair value estimate for wide-moat Tata Consulting Services after the firm closed out a muted third quarter with weak customer demand for its solutions amid macroeconomic uncertainty. While we continue to view Tata as a leader in the IT services space with a strong economic moat, we view its shares as being moderately overvalued.