External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We attended TCS’s Analyst Day, which underscored the company’s aspiration to become the world’s largest AI-led technology services company</li><li>The transformation is anchored in a five-pillar strategy focused on embedding AI across internal operations, redefining service offerings through a "Human + AI" model, future-proofing talent, delivering tangible client value, and building a robust AI ecosystem via partnerships and targeted M&amp;A</li><li>This ambition is driven by its Infrastructure-to-Intelligence approach</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We attended TCS’s Analyst Day, which underscored the company’s aspiration to become the world’s largest AI-led technology services companyThe transformation is anchored in a five-pillar strategy focused on embedding AI across internal operations, redefining service offerings through a "Human + AI" model, future-proofing talent, delivering tangible client value, and building a robust AI ecosystem via partnerships and targeted M&amp;AThis ambition is driven by its Infrastructure-to-Intelligence approachContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Tata Consultancy Services: AI-Led Growth Strategy. Maintain ADD

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>TCS’s management hosted an investor and analyst day where the CEO &amp; Managing Director, Mr K Krithivasan, and his management team presented business progress and medium to long-term priorities.</li><li>The company highlighted its aim to become the world's largest AI-led Technology Services company.</li><li>The management views the transition from a digital to an AI enterprise as a huge opportunity for growth. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

TCS’s management hosted an investor and analyst day where the CEO &amp; Managing Director, Mr K Krithivasan, and his management team presented business progress and medium to long-term priorities.The company highlighted its aim to become the world's largest AI-led Technology Services company.The management views the transition from a digital to an AI enterprise as a huge opportunity for growth. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Company Update: Tata Consultancy Services Ltd - 18th December, 2025

<ul><li>TCS is a global leader in IT services, consulting, and digital transformation.</li><li>The services offered by the company include IT solutions and services, infrastructure services, global consulting, engineering and industrial services, and IT-enabled services.</li><li>It has a widespread geographical presence, including the US, continental Europe, the UK, India, Asia Pacific and the Middle East</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

TCS is a global leader in IT services, consulting, and digital transformation.The services offered by the company include IT solutions and services, infrastructure services, global consulting, engineering and industrial services, and IT-enabled services.It has a widespread geographical presence, including the US, continental Europe, the UK, India, Asia Pacific and the Middle EastContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week: Tata Consultancy Services Ltd - 06th December, 2025

<ul><li>Muted Demand Continues: The broader economic environment continues to remain challenging, with clients keeping tight control over discretionary budgets.</li><li>Therefore, there is a clear preference for vendor consolidation and cost take-out deals among clients.</li><li>However, the company’s rapid execution and deep relationship with clients will lead to sequential growth.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Muted Demand Continues: The broader economic environment continues to remain challenging, with clients keeping tight control over discretionary budgets.Therefore, there is a clear preference for vendor consolidation and cost take-out deals among clients.However, the company’s rapid execution and deep relationship with clients will lead to sequential growth.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Tata Consultancy Services Ltd - Beat on Margins Front; Growth Momentum Continues

External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Revenue reported at USD 7.5 bn, flat QoQ in CC (down 1.7% QoQ in USD) vs our &amp; cons. est. of 0.4% QoQ CC growth.</li><li>The growth was led by regional market &amp; India regions, primarily attributed to the continued ramp up of BSNL deal, although the incremental growth from the deal has come off substantially in 3Q and it would decelerate further in 4Q.</li><li>EBIT margin increased by 40 bps QoQ to 24.5% largely in-line with cons. est, &amp; below PLe of 24.8%, attributed to the tailwinds of operational efficiencies, improved utilization &amp; pyramid optimization.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Revenue reported at USD 7.5 bn, flat QoQ in CC (down 1.7% QoQ in USD) vs our &amp; cons. est. of 0.4% QoQ CC growth.The growth was led by regional market &amp; India regions, primarily attributed to the continued ramp up of BSNL deal, although the incremental growth from the deal has come off substantially in 3Q and it would decelerate further in 4Q.EBIT margin increased by 40 bps QoQ to 24.5% largely in-line with cons. est, &amp; below PLe of 24.8%, attributed to the tailwinds of operational efficiencies, improved utilization &amp; pyramid optimization.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Tata Consultancy Services - Weak Performance, but Painting a Positive Outlook

India

Tata Consultancy Services, a division of Tata Sons Limited, is a global IT services organization that provides a comprehensive range of IT services to its clients in diverse industries. The Company, caters to finance and banking, insurance, telecommunication, transportation, retail, manufacturing, pharmaceutical, and utility industries.

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Tata Consultancy Svcs (TCS IN)

Tata Consultancy Services: AI-Led Growth Strategy. Maintain ADD

We attended TCS’s Analyst Day, which underscored the company’s aspiration to become the world’s largest AI-led technology services company

HDFC Securities

Company Update: Tata Consultancy Services Ltd - 18th December, 2025

TCS’s management hosted an investor and analyst day where the CEO & Managing Director, Mr K Krithivasan, and his management team presented business...

Axis Direct

Pick of the Week: Tata Consultancy Services Ltd - 06th December, 2025

The services offered by the company include IT solutions and services, infrastructure services, global consulting, engineering and industrial...

Axis Direct

Tata Consultancy Services Ltd - Beat on Margins Front; Growth Momentum Continues

Muted Demand Continues: The broader economic environment continues to remain challenging, with clients keeping tight control over discretionary...

Axis Direct

Tata Consultancy Services - Weak Performance, but Painting a Positive Outlook

EBIT margin increased by 40 bps QoQ to 24.5% largely in-line with cons. est, & below PLe of 24.8%, attributed to the tailwinds of operational...

Prabhudas Lilladhar

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