The Container Store Group's stock was trading at $2.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Any buyers are of... Varonis Systems (VRNS) Stock Added 103% Last Year, Sees Better Prospects Ahead, B. Riley Renewed IMAX Corporation (IMAX) Stock & Raised Price Target To $26, FLIR Shares Rose 1.72% Tuesday, But Navionics Can Drive Growth Higher, Private Jobs In U.S. Decline In December, While Criticism Continued Over Slow Pace Of Vaccination Process. Net income rose by 30% year-on-year to RUB 12.6 bn in 3Q'20 ; Exceeded 12 million customers and became Russia's third largest bank by number of active customers Join 40,000 traders and investors. TCS' shares jumped nearly 1.2% intraday to hit an all-time high of ₹2,942 a piece on the BSE with a market capitalisation of ₹11.03 trillion. The company report on October 21, 2020 that The Container Store Group, Inc. . 38,322 crs a decline of 4% QoQ and 7.1% QoQ in CC terms. ... #Tcs cash 31.12.2020 Looks good support at 2850 cmp 2862 6. Share price of Tata Consultancy Services (TCS) was trading flat after the IT firm reported a 13.8 per cent year-on-year decline in its consolidated net profit for quarter ended June 31, 2020. Share prices of India’s biggest IT Services company: TCS has now touched a 52-week high. Synopsis. 10 ETFs With Most Upside To Analyst Targets At the current price of ₹2900.8, shares in Tata Consultancy Services … … Reiterate positive outlook: Despite the recent outperformance/re-rating (valuations at +2SD with IT index outperforming NIFTY by 17/20% over 3M/6M), we remain positive on the sector based on (1) growth longevity and acceleration (FY21-23 incremental revenue growth > FY17-21 period, factoring -2.0%, +9.8%, +8.7% USD revenue growth by tier-1 in FY21/22/23E), and (2) resilient service portfolio (tier-1 IT aggregate to reach pre-COVID revenue by 3QFY21) even in an extended pandemic scenario. TCS said it would buy back up to 53.3 million shares at 3,000 rupees per share, a 9.7% premium to its stock's closing price on Wednesday. October 12, 2020 4:15 PM Information Technology giant Tata Consultancy Services (TCS) stocks zoomed during Monday’s session and ended the day at Rs 2,831 per … ... Target Price. Tata Consultancy Services Stock Price Forecast, 532540 stock price prediction. ICICI Securities Limited increased Buy price target of Tata Consultancy Services Ltd. to 3410.0 on 29 Dec, 2020. Work from Home and Destination Hiring are the new trends that emerged in 2020 according to the ITeS Power Movers 2020 Report by Wizikey, Asias fastest-growing PR-SAAS start-up. The consensus estimate TCS to make Cup and Handle to head higher. That's according to Shivdeep Dhaliwal's "Tesla On Track To Beat Its Ambitious Delivery Target Of 500,000 Deliveries For 2020, Says Wedbush. - Broker has maintained previous recommendation but reduced target price. TCS is currently trading at ₹2,783.Motilal Oswal expects a target price of ₹2,900. The COVID-19 pandemic may have wreaked havoc on many industries but the IT sector exhibited extraordinary perseverance. There are currently 1 hold rating for the stock, resulting in a consensus rating of "Hold." Edelweiss estimates that … - Sell->Hold). Dharmesh Shah recommended to keep a stoploss at Rs 1880 . Join now to get the Newsheater.com pre-market morning brief 100% free. How good are your current hold decisions? Share. The new note on the price target was released on August 04, 2020, representing the official price target for The Container Store Group Inc. stock. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy. 40,135 crs up 3.0% YoY and 4.7% QoQ. Growth is backed by (1) strong deal flow (pipeline/conversion), (2) improvement in execution (transition timelines and reversal in supply-side challenges). TCS, 120. Return on Total Capital for TCS is now 6.50, given the latest momentum, and Return on Invested Capital for the company is 2.03. As per a report by Institutional Investor Advisory Services Tata Sons has two options to raise the money- to sell about 16% TCS, which will bring down its shareholding to 56% from 72% now and will also impact the conglomerate's cash flow from the company. 3032.80 There are presently around $475 million, or 85.10% of TCS stock, in the hands of institutional investors. Shares of TCS gained as much as 5.2% to hit an all-time high of Rs 2,877 apiece on Thursday. In 2018, the Mumbai-based company had undertaken a share buyback programme worth up to ₹ 16,000 crore. The Container Store Group Inc.’s Net Margin is presently recorded at +1.58. The Container Store Group Inc. [NYSE: TCS] gained 16.67% on the last trading session, reaching $4.83 price per share at the time. 2611 and Stop Loss Rs 2500. Font Size. TCS reported sluggish results in Q1FY21; revenue stood at Rs. An RSI rate of 50 would represent a neutral market momentum. Abc Large. Compared to the average trading volume of 1.16M shares, TCS reached a trading volume of 2812381 in the most recent trading day, which is why market watchdogs consider the stock to be active. Tesla's stock price skyrocketed 740% in 2020, but Wall Street is split on where the shares will move next. Shares of the IT … Analyst Corner: Edelweiss maintains ‘buy’ rating on TCS with target price of Rs 2,310 July 11, 2020 1:50 AM This, we believe, will trigger structural jump in demand going forward. 2611 and Stop Loss Rs 2500. Their average twelve-month price target is $10.00, predicting that the stock has a possible downside of 14.60%. RELATED NEWS Infosys wins a billion dollar deal from Daimler, its second mega-deal in a pandemic year Positions in The Container Store Group Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 48 institutional holders increased their position in The Container Store Group Inc. [NYSE:TCS] by around 1,884,637 shares. Of the 48 analysts tracking the stock, 20 have a ‘buy’ rating, 19 recommend a ‘hold’ and rest suggests a ‘sell’. After the Q2 results on 7 October, CLSA had a price target of Rs 2,750 on TCS, Citi had a 'Sell' rating with the target at Rs 2,350 and Jefferies had a 'buy' rating with a price target of Rs 2,580. The company report on January 5, 2021 that BioMarin to Participate... Compania de Minas Buenaventura S.A.A. : Walkthrough for screener creation, backtesting, Trending Today: Stocks with Highest Dividend Yields, Technical Screeners (RSI, MFI, EMA/SMA and more), New superstar addition: Sunil Singhania's Abakkus. Additionally, 35 investors decreased positions by around 1,246,135 shares, while 17 investors held positions by with 39,699,861 shares. Jindal Steel & Power (JSPL) share rose over 6% to hit a new high of Rs 288 on Monday after the firm posted a record 30% jump in its standalone production and 25% growth in sales during December 2020. Receivables Turnover for the company is 32.70 with a Total Asset Turnover recorded at a value of 0.96.The Container Store Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 1.00. This overhang won't have impact on estimates of TCS,” said Dalal who has a hold rating on TCS with a target price of Rs 2,560. Event Details. close. The IT sector (coverage universe) is expected to bounce back to +3.2% QoQ in 2QFY21E, following a 6% QoQ decline in 1QFY21. HealthEquity Inc. [HQY] Stock trading around $76.32 per share: What’s Next? During the last year, the maker of robotic surgical devices, Intuitive Surgical Inc. (ISRG), has grown by more than 35%. The high price target for TCS is $10.00 and the low price target for TCS is $10.00. TCS Share Price: At 9:50 am, TCS shares traded 4.44 per cent higher at … We recommend a BUY on TCS Ltd with a Target Price of Rs 2750, an upside of ~5% from CMP of Rs. We upgrade TCS to Buy from Hold with a revised PT of Rs. Lower revenue for the quarter is largely as revenue of all... We maintain REDUCE on TCS We maintain REDUCE on TCS, following a miss on 1Q revenue/margin, offset by improving outlook. With this latest performance, TCS shares gained by 16.72% in over the last four-week period, additionally plugging by 318.87% over the last 6 months – not to mention a rise of 193.65% in the past year of trading. Stock Price (2724.25) crossed above 30 Day SMA (2684.09) on 23 November, 2020 EN. Print. TradingView . Get the hottest stocks to trade every day before the market opens 100% free. TCS Hits 52-week High, Market Cap Crosses Rs 11 Lakh Crore. Key positives included the following: (1) strong deal wins (including Phoenix), supported by market share gains, vendor consolidation with a high number of small and mid-sized deals enabling faster transition) and a balanced deal pipeline; (2) broad-based growth across core verticals (BFSI, Retail & CPG rebound) and core geographies (UK to be volatile); (3) resumption of hiring momentum with 12,000 fresher on-boarding planned in 3Q (7,000 in 1Q) and wage increase, (4) operational resilience reflected in higher utilisation, lower attrition, lowest-ever DSO (including unbilled) leading to strong FCF generation-linked to better payout (Rs 160bn buyback announced). NewsBot. We do not sell or share your information with anyone. TCS announced the acquisition of Postbank Systems AG (PBS) from Deutsche Bank in Nov2020. The average price target is $10.00, with a high forecast of $10.00 and a low forecast of $10.00. The current price of Tata Consultancy Services Ltd. is Rs 1935.3 Time period given by the analyst is Intra Day when Tata Consultancy Services Ltd. price can reach defined target. -18.70 Are you a financial expert? Key risks are intermittent volatility with upcoming US elections and unfavourable USD-INR swing. Investors Think Intuitive Surgical (ISRG) Is Already Up Even After Monday’s Drop. In the release of the next superhero film, viewers demonstrated... A new digital automation tool for yachts and commercial vessels has recently been launched by FLIR Systems, Inc. (FLIR), which is in demand and... On Wednesday, in the macro-economic sector, the latest United States figures have been mixed; reinforcing investor hopes for new fiscal stimulus initiatives. The 49 reports from 14 analysts offering long term price targets The Company, caters to finance and banking, insurance, telecommunication, transportation, retail, manufacturing,... Tata Consultancy Services (TCS) reported Q1FY21 result, Impact of the pandemic played out broadly in line with expectations Tata Consultancy Services (TCS) for the quarter ended Jun 2020 reported a consolidated revenue of Rs 38322 crore, a fall of 4% compared to sequential previous quarter ended Mar 2020 revenue of Rs 39946 crore. As a result, new age technologies like cybersecurity (to protect business from work from home scenario), app development (to help customer transact virtually) and Cloud (to enable... Our target price of Rs 3,070 is based on 27x Sep-22E EPS (24x earlier) with EPS CAGR at 16% over FY21-23E. Goldman have made an estimate for The Container Store Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 09, 2020. Cyber security specialist Varonis Systems Inc. (VRNS) has recently been issued with a new outlook from Wall Street analysts. DBTNEWS® is a registered trademark. 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