New Delhi, Sept. 2 -- Tata Group stock Tata Consultancy Services (TCS), India's largest IT services company, has been the weakest performer in the Nifty IT index over the past year and in 2025 year-to-date. The stock has fallen 30% in the last 12 months and is down 23% so far this year, compared to a 16% and 17% decline in the Nifty IT index during the same periods.

Despite the recent weakness, brokerage firm HDFC Securities has identified TCS as its 'Investment Idea' for September 2025, citing strong fundamentals, robust deal pipeline, and attractive valuations.

"We believe the base case fair value of the stock is Rs.3423 (20.75x Sept'27E EPS) and the bull case fair value of the stock is Rs.3630 (22x Sept'27E EPS) over the next two to ...