Stock market analysts have maintained ‘buy’ rating on Tata Consultancy Services (TCS) stock with an intraday target of Rs 776. 

According to them, interested traders can purchase the stock above Rs 765 with a strict stop loss of Rs 750. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 790. 
 
Shares of the company, on Monday (Sep 22), closed at Rs 766 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 169256. Current EPS & P/E ratio stood at 47.40 and 16.16 respectively. The share price has seen a 52-week high of Rs 1151 and a low of Rs 672 on BSE. 

The stock has good potential and it can still exhibit superb surge. It will achieve the target price on the back of its healthy expansion plans and strong operating abilities.

TCS and I-Sec Technologies through their connection with Star Alliance on Sep 22 made announcement about the launching of its premier alliance product for automatic document checking directed toward easing the job of travel document verification.

On Sep 17, the company (TCS) has signed up a 5-year global agreement with Ericsson to provide application maintenance and growth services for Ericsson’s domestic IT procedures.

TCS Financial Solutions, TCS’s strategic business unit, on Sep 16, announced that the decision by LCH Clearnet to choose TCS BaNCS Market Infrastructure in order to supply the essential technology for Synapse Clearing Technology (Synapse), LCH Clearnet’s multi-asset derivatives clearing platform.

Tata Consultancy Services (TCS) also announced that it has signed up a partnership deal with Saab for establishing Saab’s Aeronautical Design and Development Center (ADDC) in India. 

Moreover, TCS also announced that the company will set up a JV firm in association with state-run NTPC, NHPC and Power Finance Corp to run a national level power exchange.

Other stocks from the same sector that looks good for short-term as well as long-term trading includes HCL Tech, Infosys, Satyam and Wipro.