TCS Share Price: Target Raised, Stock Upgraded | 18 April 2024

News Title: TCS Share Price 18 April 2024

📈📉📊 Inspired by the Ram Navami festival on 17th April, the stock market was closed. The Indian share market witnessed a sharp decline on 16th April. TCS stock was downgraded to an underperform rating by Morgan Stanley. The target price was increased to ₹4,500.

📈📉📊 JPMorgan upgraded TCS to an overweight rating and raised the target price to ₹4,500. They believe that TCS will outperform all major income companies in the financial year 2025.

📈📉📊 Morgan Stanley maintained an underperform rating on Indus Towers and raised the target price to ₹390. They expect strong growth in the tower business due to diversification and efficiency improvements.

📈📉📊 Jeffries issued a buy rating on Godrej Properties and increased the target price to ₹3,175. The company had the highest pre-sales among listed developers in the fourth quarter.

📈📉📊 Morgan Stanley maintained an overweight call on Maruti Suzuki but increased the target price to ₹14,322. They believe Maruti’s Powertrain strategy is the best approach to deal with the global EV slowdown.

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