<ul data-eligibleForWebStory="false"><li>Tata Consultancy Services (TCS) Q1 FY26 revenue came in below estimates due to factors such as the ramp-down of the BSNL deal and weakness across North America, UK, and Europe.</li><li>Higher cost pressure, project deferrals, and delays in decision-making affected revenue conversion in Q1 FY26 for TCS.</li><li>Despite challenges, stable pricing and pent-up demand are expected to drive better international growth for TCS in FY26 compared to FY25.</li><li>DRChoksey retains a 'Buy' rating for TCS with a 20% potential upside, valuing TCS at 25.0x Jun’27 EPS and implying a target price of Rs 4,067.</li></ul>

TCS Q1 Results Review: DRChoksey Retains 'Buy' Rating With A 20% Potential Upside — Here's Why

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