LKP Research Recommends 'BUY' for TCS with ₹3880 Target Price

• Tata Consultancy Services (TCS) reported a +0.8% QoQ / -2.6% YoY constant currency (CC) top-line growth, aligning with a seasonally weak Q3.
• International operations, particularly Latin America (+4.6% QoQ CC) and MEA (+3.2% QoQ CC), drove performance.
• Life Sciences & Healthcare (+0.9% QoQ CC) and Consumer Business Group (CBG) (+1.3% QoQ CC) showed steady momentum, with CBG strong in retail, travel, and hospitality.
• BFSI experienced Q3 seasonality softness, but management is confident of recovery due to healthy deal traction.
• LKP Research maintains a 'BUY' rating on TCS with a Target Price of ₹3,880, citing stable international trends and a USD 1 billion AI data center partnership.

Why It Matters: LKP Research recommends buying TCS, setting a target price of ₹3,880, based on strong long-term fundamentals.