TCS shares jump 4% despite muted Q3: Here are 4 reasons why brokerages are bullish

The TCS shares are up over 4% and hit an intra-day high of Rs 4,225 per share despite disappointing Q3 numbers. This is because brokerage firms are bullish on the stock. CLSA upgraded the IT major’s rating to Buy after it released its Q3 FY25. Meanwhile, Nuvama Wealth Management raised the target price to Rs 5,200 per equity share. Jefferies has maintained a ‘Buy’ rating on TCS.