Morgan Stanley has reiterated its 'Overweight' rating on Tata Consultancy Services (TCS), setting a price target of ₹2,880, which indicates a potential upside of 10% from the current trading price of ₹2,569. The firm maintains an 'In-line' industry view, noting that TCS is experiencing short-term market pressures, yet longer-term sentiment is improving. The brokerage's analysis suggests a potential recovery in revenue growth and a valuation re-rating for TCS, which may be nearing an inflection point after recent underperformance. Morgan Stanley anticipates TCS will achieve around 4% revenue growth in FY27, comparable to or better than many large-cap peers. Currently, TCS trades at a 19% discount to competitors like HCLTech, a gap that the brokerage expects to narrow as early earnings reports indicate TCS is better positioned for growth expectations in FY27. On the technical front, TCS's 14-day Relative Strength Index (RSI) is at 58.4, indicating a neutral position, while the stock is slightly bearish, trading below five of its eight simple moving averages. Shareholding patterns show a decline in foreign institutional investor stakes from 10.37% to 9.66%, while mutual funds have increased their holdings from 5.52% to 5.77%.