TCS.NS Tata Consultancy Services Limited (NSE) closes at INR 3,122.60 on 21 Jan 2026: watch AI-led revenue mix for 2026 upside
TCS.NS stock closed at INR 3,122.60 on 21 Jan 2026, down 1.30% from the prior session. We note intraday range INR 3,082.00–3,138.50 and volume of 2,015,150 shares on the NSE in India. The move arrives as investors weigh TCS’s AI product set, including TwinX and ignio, against moderation in large-client discretionary spend. We focus on valuation, technicals and Meyka AI forecasts to assess short and medium-term upside.
TCS.NS stock: price action, volume and immediate technicals
Tata Consultancy Services Limited (TCS.NS) closed at INR 3,122.60, a -41.00 point move on 21 Jan 2026. Volume at 2,015,150 was below the 3‑month average but above the daily norm, indicating selective selling. The share trades under its 50‑day MA INR 3,201.53 and 200‑day MA INR 3,215.99, signaling near‑term weakness.
Momentum indicators show RSI 47.84 and MACD histogram -10.80, which points to neutral to mildly bearish momentum. Support sits near the day low INR 3,082.00 and the 1‑month average; resistance is at INR 3,251.61 (BB middle).
TCS.NS stock: fundamentals, valuation and dividend profile
TCS reports EPS 131.92 and trades at a PE of 23.52, below the Technology sector average PE 43.57, suggesting a valuation discount versus peers in India. Revenue per share stands at 720.71 and book value per share at 316.64.
The company shows strong cash flow metrics: free cash flow per share 134.94, and a dividend per share of 109.00 with a trailing dividend yield near 3.51%. Leverage is low with debt‑to‑equity 0.095, and interest coverage 61.95, supporting shareholder returns.
TCS.NS stock: AI portfolio and revenue mix implications
TCS’s AI products — TwinX, ignio and other automation platforms — increase revenue visibility in digital transformation deals. We assess AI as an incremental growth driver for consulting and cloud transformation work.
Client adoption will determine near‑term bookings. A sustained pickup in AI investments by banking and retail clients could lift margins and drive multi‑year revenue growth, while slower enterprise budgets would pressure short‑term bookings.
TCS.NS stock: Meyka AI grade and technical forecast
Meyka AI rates TCS.NS with a score of 73.87 out of 100 (Grade B+, BUY). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These scores combine valuation, cash flow strength and AI opportunity.
Technical indicators show ADX 23.79 and ATR 51.16, implying a moderate trend with contained volatility. Near‑term model signals lean neutral. We set a cautious near‑term target at INR 3,250.00 and a 12‑month price target at INR 3,800.00 based on earnings leverage from AI deals and margin expansion.
TCS.NS stock: risks, sector context and catalysts to watch
Key risks include a slowdown in discretionary IT spend, currency swings, and competitive pressure from other Indian IT firms. TCS faces margin pressure if large clients delay digital transformations.
Sector context: Technology in India shows a 1‑month performance weakness and an average PE of 43.57, while TCS’s earnings yield and dividend yield provide defensive attributes. Watch quarterly earnings, large deal announcements, and management guidance on AI revenue mix.
TCS.NS stock: trading plan and position sizing for AI strategy
For AI‑centric strategies, we prefer staged entries: consider partial buys near INR 3,050.00–3,100.00 on weakness and add on confirmed revenue signs from AI deals. Use a stop under INR 2,950.00 for defined risk control.
Position size should reflect portfolio exposure to Technology. Keep exposure lower if your portfolio lacks diversification and raise it on confirmed top‑line acceleration tied to AI investments.
Final Thoughts
TCS.NS stock closed INR 3,122.60 on 21 Jan 2026 after a modest pullback. Valuation looks reasonable with PE 23.52 versus the sector average 43.57, and cash flow metrics remain strong. Meyka AI’s forecast model projects a yearly target INR 3,795.48, implying +21.55% upside from the current price, while the monthly model sits at INR 2,911.43 (-6.76%). Our outlook is constructive for investors focused on AI exposure but cautious near term until deal momentum confirms. We recommend monitoring the April earnings and AI‑related contract wins. These will decide whether TCS can convert product strength into measurable revenue and achieve our INR 3,800.00 12‑month price target. Forecasts are model‑based projections and not guarantees. Meyka AI is an AI‑powered market analysis platform and this analysis frames market data, not financial advice.
FAQs
What drove TCS.NS stock today?
TCS.NS stock fell 1.30% on 21 Jan 2026 on light selling and profit‑taking. Investors weighed AI project timelines and near‑term discretionary spend, with price below the 50 and 200‑day moving averages.
What are the key valuation metrics for TCS.NS?
TCS trades at PE 23.52 with EPS 131.92. Price to book is near 9.89, free cash flow per share is 134.94, and dividend per share is 109.00, reflecting strong cash returns.
What catalysts could lift TCS.NS stock in 2026?
Major catalysts are stronger AI contract wins, better management guidance at earnings, and acceleration in cloud migration deals. Positive surprises in April earnings can trigger the next leg up.
How does Meyka AI view TCS.NS stock?
Meyka AI rates TCS.NS 73.87/100 (B+, BUY) based on benchmark comparisons, sector performance, financial growth and forecasts. This is informational and not investment advice.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
