TCS Stock Check: Is now the right time to buy this IT major? Here’s what experts suggest
IT major Tata Consultancy Services (TCS) reached a record high of ₹4,564.75 on August 20, marking a nearly 38 percent increase from its 52-week low of ₹3,313 on November 1, 2023. The stock’s recent surge follows strong Q1FY25 earnings and positive brokerage recommendations.
Over the past year, TCS has gained over 33 percent and it has risen more than 20 percent year-to-date in 2024, with positive returns in 5 of the 8 months so far. In comparison, the Nifty IT index has increased over 34 percent in the last year and nearly 17 percent year-to-date in 2024.