TCS Shares Flat After Q3 Profit Drop, Revenue Up 5%; Analysts See Up To 50% Upside

• TCS shares traded flat post Q3 earnings, with profit falling 13.8% but revenue rising 5%.
• Despite a 25% correction over 12 months, over two-thirds of analysts maintain a 'buy' rating.
• Macquarie set the highest price target at Rs 4,810, implying a 48.2% upside, citing growth acceleration and margin improvement.
• Kotak Institutional Equities reiterated 'buy' with a Rs 3,675 target, highlighting TCS's position in cloud, data, and AI.
• Citi maintained a 'sell' rating with a Rs 3,020 target due to muted growth in TCS's international business.

Why It Matters: TCS faces mixed analyst reactions post Q3, with profit dip but revenue growth and significant upside potential.