Anand Rathi raises target to INR 2,430.00 for TCS stock

Published on 10/13/2026 at 13:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached INR 731.88 billion for the September quarter. TCS stock costs INR 2,269.30 on October 13, 2026, up 6.79 percent on NSE.

Anand Rathi lifted its TCS target to INR 2,430.00 from INR 2,407.00 in its October 9, 2026 research update.
TCS reported USD 7.642 billion revenue and USD 1.450 billion net profit for the second quarter of fiscal 2027.
TCS stock last stood at INR 2,269.30 on NSE on October 13, 2026 at 3:28 p.m. IST, up 6.79 percent versus INR 2,125.00.
The stock traded at a price to earnings ratio of 15.91 and had an INR 8.2 trillion market capitalization on October 13, 2026.

TCS, INE467B01029, Illustration mit AI erstellt.

Anand Rathi raised its 12-month target for Tata Consultancy Services from INR 2,407.00 to INR 2,430.00 in a research update dated October 9, 2026, according to TopNews. The target stood 7.08 percent above TCS's NSE price of INR 2,269.30 on October 13, 2026. The stock last stood at that level at 3:28 p.m. IST, up 6.79 percent versus the prior close of INR 2,125.00.

September quarter revenue reached INR 731.88 billion

TCS reported USD 7.642 billion revenue for the second quarter of fiscal 2027, up 2.40 percent year over year, while net profit reached USD 1.450 billion and net margin was 19.00 percent, according to Tata Consultancy Services. The company also reported annualized artificial intelligence revenue of USD 3.1 billion, equal to more than 10.00 percent of quarterly revenue.

Stock remains 32.26 percent below its high

The NSE quote placed TCS at INR 1,976.80 to INR 3,350.00 over the past 52 weeks on October 13, 2026. Its current price was 14.80 percent above the low and 32.26 percent below the high, giving the analyst target a more limited distance than the stock's gap to its yearly peak.

TCS had a market capitalization of INR 8.2 trillion and a price to earnings ratio of 15.91 on October 13, 2026. The valuation remains below the Anand Rathi target, while the latest quarterly margin of 19.00 percent gives investors a concrete measure for tracking the recovery narrative.

Comparison with peers

TCS (NSE, INR): plus 6.79 percent, price to earnings ratio 15.91, market capitalization INR 8.2 trillion
Infosys (NSE, INR): plus 4.13 percent, price to earnings ratio 14.35, market capitalization INR 4.3 trillion
Wipro (NSE, INR): plus 4.45 percent, price to earnings ratio 13.41, market capitalization INR 1.7 trillion

Target distance sets the market question

Anand Rathi's revised INR 2,430.00 target is 7.08 percent above the October 13 price, but the report also described margin pressure from investment spending and the MHP acquisition. That contrast leaves revenue conversion and profitability as the key numerical tests for the next update.