Prabhudas Lilladher Recommends Buy on TCS, Sets Rs 3800 Target Amid AI Growth

• Prabhudas Lilladher advises 'Buy' on Tata Consultancy Services (TCS) with a target price of Rs 3800.
• TCS demonstrates progress in AI-led services, contributing 0.5% (USD 1.5 billion annualized) to revenue, growing at mid-teens QoQ.
• AI pilots are prominent in BPM and BFS, with AI maturity expected to evolve from human-assisted (L2) to full autonomy (L5).
• TCS is redefining its partner ecosystem, engaging with deep-tech and AI-native players beyond traditional Hyperscalers.
• Strategic partnerships and acquisitions are crucial for competitiveness, integrating service-led and infra-led investments.

Why It Matters: Prabhudas Lilladher advises buying TCS, citing strong AI-led growth and strategic partnerships, with a Rs 3800 target.