10 Oct 2025 | 3 Mins Read

Motilal Oswal recommends buying TCS, target of Rs 3500

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Motilal Oswal's research report reports revenue of USD7.5b in 2QFY26 for TCS, beating estimates with 1.1% QoQ/8.4% YoY adj. PAT rise to INR130b. EBIT margin increased 70bp to 25.2%. Valuations are considered undemanding, leading to a BUY rating on TCS with a target price of INR3,500 (15% potential upside).