TCS shares jump 3%, extend gains to day two after Q1 earnings. Should you buy, sell or hold?

TCS shares rose 3 percent to Rs 2,129 after its Q1 FY27 results showed a 5 percent year-on-year rise in consolidated net profit to Rs 13,349 crore and about 14 percent growth in revenue to Rs 72,275 crore. The company declared an interim dividend of Rs 12 per share with a record date of July 15 and reported a total contract value of $9.5 billion, including an AI-led deal with SKF. Brokerage views were split, with Morgan Stanley at Equal weight (target Rs 2,200), Citi cutting to Sell (target Rs 1,825), while Nuvama, Motilal Oswal and Dolat Capital maintained Buy ratings with targets implying up to 45 percent upside.