{"id":307879,"date":"2026-10-14T13:36:18","date_gmt":"2026-10-14T08:06:18","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=307879"},"modified":"2026-10-14T13:36:18","modified_gmt":"2026-10-14T08:06:18","slug":"tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/","title":{"rendered":"TCS Share Price Rebounds 14% From September Low: Can the Rally Extend Further?"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>TCS share price: about Rs 2,313 on 14 Oct 2026 (11:02 am), about 17% above the 52-week low of Rs 1,977 (my calculation). A 14% rebound from that low is about Rs 2,254. Q2 FY27 profit Rs 13,884 crore (+15%), annualised AI revenue $3.1 billion. The 25 named brokerage targets average about Rs 2,324 (my calculation), in a range of Rs 1,578 to Rs 3,266.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The TCS share price has rebounded about 14% from its September low after Q2 FY27 results showed a 15% rise in profit, annualised AI revenue of $3.1 billion and total contract value of $9.6 billion, and technical indicators point to improving momentum above Rs 2,250 to Rs 2,260. Brokerages are split, with 25 named targets from Rs 1,578 to Rs 3,266 and an average of about Rs 2,324, which is only about 0.5% above the Rs 2,313 quote on 14 October (my calculation). Revenue grew only about 1.3% on the previous quarter and the operating margin was 24%, so the rally needs growth to pick up to extend further. The rebound can continue if the stock holds above the 50-day moving average, but the upside to the average target is now small.<\/p>\n<\/p><\/div>\n<p>The TCS share price fell through September to a 52-week low of about Rs 1,977 and then recovered sharply after the company reported results on 8 October. The stock closed at Rs 2,075.25 before the results and moved above Rs 2,300 within a week.<\/p>\n<p>This guide explains how the 14% rebound in the TCS share price is measured, what the Q2 FY27 numbers say, where the brokerage targets sit and which levels matter next. Where I calculate a figure myself, I label it.<\/p>\n<p>A rebound in the TCS share price from a low is not the same as a new uptrend, so the earnings trend and the levels matter more than the percentage.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/#TCS_Share_Price_Today_How_the_14_Rebound_Is_Measured\" title=\"TCS Share Price Today: How the 14% Rebound Is Measured\">TCS Share Price Today: How the 14% Rebound Is Measured<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/#Q2_FY27_Results_Behind_the_TCS_Share_Price_Rebound\" title=\"Q2 FY27 Results Behind the TCS Share Price Rebound\">Q2 FY27 Results Behind the TCS Share Price Rebound<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/#Brokerage_Targets_After_the_September_Low_Rebound\" title=\"Brokerage Targets After the September Low Rebound\">Brokerage Targets After the September Low Rebound<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/#TCS_Share_Price_Technical_Levels_to_Watch\" title=\"TCS Share Price Technical Levels to Watch\">TCS Share Price Technical Levels to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/#What_to_Watch_Next_for_the_TCS_Share_Price\" title=\"What to Watch Next for the TCS Share Price\">What to Watch Next for the TCS Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/#Why_has_the_TCS_share_price_rebounded_14_from_the_September_low\" title=\"Why has the TCS share price rebounded 14% from the September low?\">Why has the TCS share price rebounded 14% from the September low?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/#What_was_the_September_low_of_the_TCS_share_price\" title=\"What was the September low of the TCS share price?\">What was the September low of the TCS share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/#What_is_the_key_level_for_the_TCS_share_price\" title=\"What is the key level for the TCS share price?\">What is the key level for the TCS share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/#What_were_the_TCS_Q2_FY27_results\" title=\"What were the TCS Q2 FY27 results?\">What were the TCS Q2 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/#What_are_the_brokerage_targets_for_TCS\" title=\"What are the brokerage targets for TCS?\">What are the brokerage targets for TCS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/#Is_the_TCS_share_price_still_below_its_high\" title=\"Is the TCS share price still below its high?\">Is the TCS share price still below its high?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/#What_are_the_risks_for_the_TCS_share_price\" title=\"What are the risks for the TCS share price?\">What are the risks for the TCS share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/tcs-share-price-rebounds-14-percent-from-september-low-can-the-rally-extend-further\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"TCS_Share_Price_Today_How_the_14_Rebound_Is_Measured\"><\/span><strong>TCS Share Price Today: How the 14% Rebound Is Measured<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Quote on 14 Oct (11:02 am)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,313.30<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 1.94%; delayed quote<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">13 Oct close area<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 2,269<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">From one market report<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,977<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Source figure; Rs 1,976.80 in another report<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">25 Sep intraday low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,038<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close on 25 Sep was Rs 2,082<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14% above Rs 1,977<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 2,254<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My calculation; close to the Rs 2,250 to Rs 2,260 level in the headline<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14% above Rs 2,038<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 2,323<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My calculation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,350<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">TCS share price is about 31% below it (my calculation)<\/td>\n<\/tr>\n<\/table>\n<p>The base for the 14% move in the TCS share price is not stated in the headline, so I show two readings. Measured from the 52-week low of Rs 1,977, a 14% gain is about Rs 2,254, which matches the technical level in the headline. Measured from the 25 September intraday low of Rs 2,038, the gain is about Rs 2,323, which is close to the quote on 14 October.<\/p>\n<p><strong>Risk:<\/strong> The September low is not dated in the sources I found, so treat the 14% as approximate and check the base before using it in any decision.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Screen IT and large-cap stocks on the Univest Screener<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q2_FY27_Results_Behind_the_TCS_Share_Price_Rebound\"><\/span><strong>Q2 FY27 Results Behind the TCS Share Price Rebound<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 13,884 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 15% year on year and about 4% on the previous quarter<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Underlying profit growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 7.6%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One report adjusts for a restructuring charge in the base period<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 73,188 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 11.2% year on year and about 1.3% on the previous quarter<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Constant currency growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.8% year on year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.5% on the previous quarter<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Operating margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">24.0%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 FY26 was 25.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total contract value<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$9.6 billion<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 FY26 was $10.0 billion<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Annualised AI revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$3.1 billion<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">From $2.6 billion in Q1, up about 19%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Interim dividend<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 12 per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Record date 14 Oct; payment 30 Oct<\/td>\n<\/tr>\n<\/table>\n<p>The headline profit growth behind the TCS share price rally is flattered by a low base, since one report puts the underlying rise at about 7.6%. Margin slipped by about 1.2 percentage points from a year ago, and deal wins were slightly lower than a year earlier. The AI run rate is the strongest part of the update, and TCS plans to buy MHP, the IT services unit of Porsche, for 320 million euros.<\/p>\n<p>Two reports disagree on whether AI revenue is above 10% of total revenue, and one page shows $1.1 billion in the body and $3.1 billion in its FAQ. I use $3.1 billion because most sources agree on it.<\/p>\n<p><strong>Risk:<\/strong> A weak constant currency growth of 0.5% on the quarter means the TCS share price is being lifted more by sentiment and AI hopes than by faster growth.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track TCS and get result alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Brokerage_Targets_After_the_September_Low_Rebound\"><\/span><strong>Brokerage Targets After the September Low Rebound<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Brokerage<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Rating<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Target<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Centrum Broking<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,266 (highest)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nuvama<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,750<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nomura<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,630<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">UBS<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Neutral<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,565<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Motilal Oswal<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,400<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">JM Financial<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Add<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,375<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Morgan Stanley<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Equal weight<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,160<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">CLSA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,038<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Ambit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sell<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,990<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jefferies<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Underperform<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,800<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nirmal Bang<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sell<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,578 (lowest)<\/td>\n<\/tr>\n<\/table>\n<p>These are the targets reported on 9 October, when the TCS share price was between Rs 2,086 and Rs 2,188. The 25 named targets average about Rs 2,324 (my calculation), so the stock at Rs 2,313 is already near the average, while the highest target is about 41% above the quote (my calculation).<\/p>\n<p>Sources conflict on some ratings. One source shows JM Financial at Rs 2,375 with an Add rating, while an earlier report had Rs 2,205, so I use the later figure. Goldman Sachs is reported with a Buy and a Rs 2,210 target in one source only, and only 8 of the 25 targets come with a stated rating.<\/p>\n<p><strong>Risk:<\/strong> Targets were set when the TCS share price was lower, and with the stock now near the average target, further upside depends on brokerages raising them.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"TCS_Share_Price_Technical_Levels_to_Watch\"><\/span><strong>TCS Share Price Technical Levels to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Price<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Meaning<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Momentum mark<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,250 to Rs 2,260<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Improving momentum above this zone, per the headline<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">50-day moving average<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 2,251<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Value reported on 25 Sep; it moves daily, so recheck<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">100-day moving average<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 2,317<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Value reported on 25 Sep<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">200-day moving average<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 2,512<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Value reported on 25 Sep; near the Rs 2,500 level analysts watch<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Support<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,977 to Rs 2,038<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week low and the 25 Sep low<\/td>\n<\/tr>\n<\/table>\n<p>The Rs 2,250 to Rs 2,260 zone for the TCS share price sits close to the 50-day moving average reported on 25 September, so the headline level and the average point to the same area, though the average has since moved. The next hurdles are the 100-day and 200-day averages, and the 200-day is near Rs 2,500, which is about 8% above Rs 2,313 (my calculation).<\/p>\n<p><strong>Risk:<\/strong> A close back below Rs 2,250 would weaken the rebound case for the TCS share price, and a close below Rs 2,038 would put the September low in play again.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_the_TCS_Share_Price\"><\/span><strong>What to Watch Next for the TCS Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>A close above the 100-day average near Rs 2,317 and then Rs 2,500, or a slide below Rs 2,250<\/li>\n<li>Constant currency growth in Q3 FY27, which has to improve on the 0.5% in Q2 to support the TCS share price<\/li>\n<li>Operating margin against the 24% level and the cost of the MHP deal<\/li>\n<li>Whether brokerages raise targets after the TCS share price rebound<\/li>\n<li>Infosys, Wipro and HCLTech results for the read across to the Nifty IT index<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The TCS share price has rebounded about 14% from its September low on good Q2 FY27 numbers and AI revenue, but growth is slow and the stock is near the average brokerage target. Use the Rs 2,250 area and the September low as guides and avoid chasing the rebound.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_has_the_TCS_share_price_rebounded_14_from_the_September_low\"><\/span><strong>Why has the TCS share price rebounded 14% from the September low?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The TCS share price recovered after Q2 FY27 results showed higher profit, annualised AI revenue of $3.1 billion and total contract value of $9.6 billion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_the_September_low_of_the_TCS_share_price\"><\/span><strong>What was the September low of the TCS share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The 52-week low is reported at about Rs 1,977, and the 25 September intraday low was Rs 2,038. The exact date of the lower figure is not confirmed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_key_level_for_the_TCS_share_price\"><\/span><strong>What is the key level for the TCS share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The headline points to improving momentum above Rs 2,250 to Rs 2,260, close to the 50-day moving average reported on 25 September.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_TCS_Q2_FY27_results\"><\/span><strong>What were the TCS Q2 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Net profit was Rs 13,884 crore, up about 15%, on revenue of Rs 73,188 crore, with a 24% operating margin and an interim dividend of Rs 12.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_brokerage_targets_for_TCS\"><\/span><strong>What are the brokerage targets for TCS?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Named targets range from Rs 1,578 to Rs 3,266 with an average of about Rs 2,324, my calculation from 25 reported targets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_TCS_share_price_still_below_its_high\"><\/span><strong>Is the TCS share price still below its high?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes. The 52-week high is Rs 3,350, so the stock is about 31% below it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_for_the_TCS_share_price\"><\/span><strong>What are the risks for the TCS share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Slow revenue growth, margin pressure, mixed brokerage views, a failed hold above the moving averages and a global IT slowdown.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why has the TCS share price rebounded 14% from the September low?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The TCS share price recovered after Q2 FY27 results showed higher profit, annualised AI revenue of $3.1 billion and total contract value of $9.6 billion.\"}},{\"@type\":\"Question\",\"name\":\"What was the September low of the TCS share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The 52-week low is reported at about Rs 1,977, and the 25 September intraday low was Rs 2,038. The exact date of the lower figure is not confirmed.\"}},{\"@type\":\"Question\",\"name\":\"What is the key level for the TCS share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The headline points to improving momentum above Rs 2,250 to Rs 2,260, close to the 50-day moving average reported on 25 September.\"}},{\"@type\":\"Question\",\"name\":\"What were the TCS Q2 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Net profit was Rs 13,884 crore, up about 15%, on revenue of Rs 73,188 crore, with a 24% operating margin and an interim dividend of Rs 12.\"}},{\"@type\":\"Question\",\"name\":\"What are the brokerage targets for TCS?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Named targets range from Rs 1,578 to Rs 3,266 with an average of about Rs 2,324, my calculation from 25 reported targets.\"}},{\"@type\":\"Question\",\"name\":\"Is the TCS share price still below its high?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. The 52-week high is Rs 3,350, so the stock is about 31% below it.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks for the TCS share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Slow revenue growth, margin pressure, mixed brokerage views, a failed hold above the moving averages and a global IT slowdown.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TCS share price has rebounded about 14% from its September low. See Q2 FY27 results, brokerage targets, the 50-day average and the risks.<\/p>\n","protected":false},"author":35,"featured_media":307877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[6393,1133,12137,141,12077],"class_list":["post-307879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-brokerage-targets","tag-it-stocks","tag-september-low","tag-tcs-share-price","tag-tcs-shares"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["307877"],"rank_math_title":["TCS Share Price Up 14% From September Low: Levels, Targets"],"rank_math_description":["TCS share price has rebounded about 14% from its September low. See Q2 FY27 results, 50-day average, brokerage targets from Rs 1,578 to Rs 3,266 and risks."],"rank_math_focus_keyword":["TCS share price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/tcs-share-price-rebounds-14-from-september-low-can-the-rally-extend-further.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/307879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=307879"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/307879\/revisions"}],"predecessor-version":[{"id":307880,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/307879\/revisions\/307880"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/307877"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=307879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=307879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=307879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}