India's leading IT services firm, Tata Consultancy Services saw its shares dip 3.6 percent this morning amid concerns that its customers in the banking sector will be affected by the global economic uncertainties.

The shares fell 3.6 percent to Rs. 1,064.80 at the time of reporting early this morning on the Bombay Stock Exchange (BSE). The Rs. 1,064.80 level is its lowest since 25 November when the shares of the Tata group firm fell 5.3 percent. The fall was significant as the benchmark Sensitive Index of the BSE rose 0.2 percent.

Tata group's Tata Consultancy Services (TCS), which has been holding the tag of being the largest IT services company in India, has now become the most valued firm of India by market capitalization.

The company surpassed Reliance Industries Ltd (RIL) to claim the leading spot in the country. The shares of TCS fell on Friday by 0.35 per cent to Rs. 1,161.25 while RIL stock fell 2.81 per cent at Rs. 692.90. TCS had a market capitalisation of Rs. 227,282 crore compared to RIL's Rs. 226,883 crore on Friday.

India's largest software exporter by sales, Tata Consultancy Services has said that it is planning to set up a development campus in Nagpur, Maharashtra.

The company will invest Rs 600 crore in the phase one of the project. The facility will be developed in two phases. The company will employ 8,200 people for IT and BPO services in the first phase of the project.

Tata Consultancy Services, India largest software exporter, has posted a lower net profit than street expectations.

The smaller net profit was mainly as the company delayed spending on projects and incurred more costs on new employees. The Mumbai-based software giant's net profit grew by 6% to Rs 2,301 crore over the year ago quarter as its clients increase spending on IT projects to improve efficiency.

India’s  200 IT giants  contributed a sum of $ 84 billion (Rs 384,250 crore) in order to increase the average growth by 25% in the financial year 2010-11, which is claimed to be the highest sum   incurred till now, reveals a survey.

The revenue contributed by the top 20 IT companies in the total sum comprised of $ 54 billion (Rs 247,808 crore) in 2010-11. These 20 companies also witnessed a growth of 25%, which is quiet huge in comparison to the 8% profit gained in the years 2009-10  amounting to Rs 198,017 crore.

As per latest media reports, Tata Consultancy Services which is among the IT majors in India, has been under the scanner of taxman. The company has been under tax net for something often called “body shopping”. But according to TCS chairman Mr. Ratan Tata, they have not received any communication in regard to forking out of additional taxes from the country's Income-Tax Department.

There is a lot of hustle bustle going on in the IT sector. The Income-Tax Department has started the investigation on Tata Consultancy Services (TCS) for declaring tax benefits for ashore services. Earlier, Infosys and Wipro were under the department’s scrutiny.

TCS will be facing tax surveillance for Body shopping, alike Infosys and Wipro. A report stated, “Income-Tax Department has sent TCS a scrutiny notice claiming tax benefits for onshore services. Onshore software services account to nearly 45% of TCS' $8-billion revenues”.

On Wednesday, the Tata Consultancy Services Ltd. has assured its investors that the demand for outsourcing services has remained strong in the market, despite the economic downfall in the biggest outsourcing markets of the U. S. and Europe.

The Tata Consultancy Services has revealed that there was a 2% growth in the U. S. economy as compared to 3.6% last year. The company has said that the little change in the growth will not have an adverse impact on it US-based clients.

Investment advisor Rahul Mohinder has maintained 'buy' rating on Tata Consultancy Services Limited stock with a target of Rs 1210.

According to analyst, the investors can buy the stock with a stop loss of Rs 1163.

The stock of the company, on April 27, closed at Rs 1181.30 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 43.15 and 27.10 respectively.

The share price has seen a 52-week high of Rs 1247 and a low of Rs 708 on BSE.

Technical analyst Rajesh Satpute has maintained 'buy' rating on Tata Consultancy Services Limited (TCS) stock.

The analyst said that the investors can buy the stock with a target of Rs 1240-1250.

The shares of the company, on April 13, closed at Rs 1208.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1247 and a low of Rs 708 on BSE.

Current EPS & P/E ratio stood at 43.15 and 27.51 respectively.

Tata Consultancy Services (TCS) will declare its fourth quarter outcomes on April 21.

Technical analyst Anita Gandhi of Arihant Capital Markets is bullish on Tata Consultancy Services Limited (TCS) and has maintained 'buy' rating on the stock with a target of Rs 1361.

The analyst said that the stock can achieve the said target in a period of 12 months.

Today, the stock of the company opened at Rs 1120 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1221 and a low of Rs 708 on BSE.

Current EPS & P/E ratio stood at 43.15 and 26.57 respectively.

Technical analyst Rahul Mohinder has maintained 'buy' rating on Tata Consultancy Services Limited (TCS) stock with a short term target of Rs 1145.

Mr. Singhvi said that the investors can buy the stock with a stop loss of Rs 1095.

The shares of the company, on March 16, closed at Rs 1115.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1221 and a low of Rs 708 on BSE.

Current EPS & P/E ratio stood at 43.15 and 25.52 respectively.

Technical analyst Rajesh Satpute has maintained 'sell' rating on Tata Consultancy services Limited (TCS) stock to achieve a target of Rs 1060.

According to analyst, the investors can sell the stock with a stop loss of Rs 1135.

Today, the stock of the company opened at Rs 1100 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1221 and a low of Rs 708 on BSE.

Current EPS & P/E ratio stood at 43.15 and 25.13 respectively.

India's largest IT Company, Tata Consultancy Services is optimistic for 2012. Company expects higher growth in FY2012, as the business opportunities seem good for the company and the sector.

N Chandrashekharan, CEO and MD, Tata consultancy Services said in an interview with CNBC TV18 that the demand environment is more appealing, as compared to last couple of fiscals.

Technical analyst Rakesh Bansal of New Age Wealth has maintained 'buy' rating on Tata Consultancy Services Limited (TCS) stock with a 4-5 day target of Rs 1210.

According to analyst, the interested investors can buy the stock with a stop loss of Rs 1115.

The stock of the company, on March 3, closed at Rs 1150.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1221 and a low of Rs 708 on BSE.

Current EPS & P/E ratio stood at 43.15 and 26.63 respectively.

Technical analyst Hitendra Vasudeo has maintained 'buy' rating on Tata Consultancy Services Limited stock with targets of Rs 1197 and 1208.

According to analyst, the investors can buy the stock with a stop loss of Rs 1185.

The share price has seen a 52-week high of Rs 1221 and a low of Rs 708 on BSE.

Current EPS & P/E ratio stood at 43.15 and 27.46 respectively.

TCS recorded an increase of 30% on y-o-y basis in its consolidated net profit for the three month period ended December 2010 to Rs 23.70 billion.

TCS reported higher profits in third quarter after receiving orders from Deutsche Bank AG and Hilton Worldwide Inc.

Tata Consultancy Services Ltd, India's top exporter of software has expected a strong demand for outsourcing services and manages to add 35 new clients in Q3.

The company is expecting the same drive in near future also. Although macroeconomic conditions continue to be very dynamic but still customers are forecasting growth and are optimistic for the future, said by TCS chief executive N. Chandrasekaran.

Technical analyst Amit Gupta of ICICI Securities has maintained 'buy' rating on Tata Consultancy Services Limited (TCS) stock with a target of Rs 1165.

According to analyst, the investors can purchase the stock on dips with a stop loss of Rs 1130.

The stock of the company, on January 17, closed at Rs 52.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 93.95 and a low of Rs 45 on BSE.

Current EPS & P/E ratio stood at 153.76 and 16.39 respectively.

TCS reported revenue growth of 7%QoQ (6%QoQ @cc) to USD2,144mn, in-line expectations, with a volume growth of 5.7%QoQ. It exceeded expectations at bottomline to report EPS of Rs11.9. Strong hiring continues (20,219 in Q3).

Revenue momentum continues

Technical analyst Hemen Kapadia has maintained 'buy' rating on Tata Consultancy Services Limited (TCS) stock to achieve an intraday target of Rs 1169.

According to analyst, the stock can be purchased with a stop loss of Rs 1148.

The stock of the company, on December 29, closed at Rs 1154.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1174.50 and a low of Rs 700 on BSE.

Current EPS & P/E ratio stood at 40.36 and 28.75 respectively.