Tata Group IT Stock Partners With Salesforce, Should You Buy?

Tata Group IT sector company, Tata Consultancy Services Ltd share today witnessed marginal decline of 0.12% at the time of writing the story on Bombay Stock Exchange (BSE). Current market price of Tata Consultancy Services shares on BSE stood at Rs 3777.00 per share. The company today informed that it has partnered with Salesforce to help customers in the manufacturing and semiconductor industries drive value from artificial intelligence. The company on Feb 19, 2025 collaborated with MassRobotics in North America to accelerate innovation in the robotics sector. TCS shares slipped over 7% in last 2-weeks when Sensex declined 2.92%. Its market cap is Rs 13,65,393.87 crore and return on equity is 57.71%. Check key details below:

TCS Partners With Salesforce

As per the press release issued today (Feb 20, 2025), “As part of this collaboration, TCS launched three initiatives: Semiconductor Sales Accelerator for increasing sales with data-driven insights, Seller for the Future for providing near real-time insights, predictive analytics, and personalized recommendations and Digital Field Service to equip technicians on field with real-time information, predictive maintenance insights, and optimized scheduling.”

Tata Group IT Stock Partners With Salesforce, Should You Buy?

One of the key challenges for organizations in their AI adoption journeys is to unlock the true value of their data. For large organizations, data is often stored in unstructured silos. Recognizing the unique challenges and opportunities within the manufacturing and semiconductor industries, this collaboration leverages the combined strengths of both companies to digitally transform how customers in these industries sell and service their products, added the exchange filing.

Indira Gillingham, Vice President of Alliances at Salesforce, said, “We are excited to collaborate with TCS to bring transformative AI and data-driven solutions across industriesthrough Salesforce Data Cloud. Leveraging TCS’ extensive industry expertise, deep knowledge of complex data landscapes, and the power of TCS Crystallus™ on Salesforce, combined with Salesforce’s leading CRM capabilities, we enable customers to harness advanced Vector Database solutions for AI-powered insights.”

TCS Shares Performance

The 52-week high price of TCS shares on BSE is Rs 4585.90 per share (as on 02/09/2024) and 52-week low price is Rs 3593.30 per share (as on 04/06/2024), respectively. TCS shares witnessed steep dip of 16.49% in last 6-months and declined 6.28% in last 1-year. In comparison, Sensex zoomed 3.72% in last 1-year. The IT stock posted gains of 8.34% in last 2-years.

TCS Recent Dividend In 2025

It recommended an interim dividend of Rs 10/share and special dividend of Rs 66.00 per share with ex-dividend date fixed as January 17, 2025.

Should You Buy TCS Shares?

Prashanth Tapse, senior VP research analyst at Mehta Equities recommended buy call saying the good level to buy would be around Rs 3500. The analyst said, the stock is at an attractive price currently as per the valuation. TCS is perfect stock for long term investment outlook, added Tapse.

Leading brokerage firm Sharekhan has buy call on TCS with price target of Rs 5,230 per share. The analyst said, “We believe TCS remains well-positioned to capture opportunities across cost optimization and business transformation given its strong domain knowledge, digital and gen AI capabilities. The stock has corrected by 10-12% from all time high levels and provides a good opportunity to invest from a medium to long term perspective.”

About

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 56 years.

Disclaimer: The stock has been picked from the brokerage report of Sharekhan and Mehta Equities. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.