TDCX (NYSE:TDCX) Lowered to Hold at HSBC

HSBC cut shares of TDCX (NYSE:TDCX – Get Rating) from a buy rating to a hold rating in a research note issued to investors on Wednesday, The Fly reports. The firm currently has $13.00 price target on the stock.

TDCX Price Performance

Shares of TDCX opened at $12.08 on Wednesday. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 23.69 and a beta of 0.28. TDCX has a fifty-two week low of $6.52 and a fifty-two week high of $15.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.31 and a quick ratio of 6.31. The business’s 50-day moving average is $13.02 and its 200-day moving average is $11.78.

Hedge Funds Weigh In On TDCX

Large investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado acquired a new position in shares of TDCX in the 4th quarter valued at about $26,000. Royal Bank of Canada grew its stake in shares of TDCX by 1,120.4% in the 3rd quarter. Royal Bank of Canada now owns 3,649 shares of the company’s stock valued at $35,000 after buying an additional 3,350 shares in the last quarter. Ronald Blue Trust Inc. bought a new stake in shares of TDCX in the 2nd quarter valued at approximately $45,000. UBS Group AG grew its stake in shares of TDCX by 372.1% in the 4th quarter. UBS Group AG now owns 4,924 shares of the company’s stock valued at $61,000 after buying an additional 3,881 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of TDCX by 5,628.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,728 shares of the company’s stock valued at $54,000 after buying an additional 5,628 shares in the last quarter. Institutional investors and hedge funds own 11.92% of the company’s stock.

About TDCX

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TDCX Inc, together with its subsidiaries, provides outsource contact center services for technology and other blue-chip companies in Singapore, Malaysia, Thailand, the Philippines, Japan, China, Spain, India, Colombia, South Korea, and Romania. It offers digital customer experience solutions, including after-sales service and customer support across various industry verticals, such as travel and hospitality, digital advertising and media, fast-moving consumer goods, technology, financial services, fintech, government and non-governmental organizations, gaming, e-commerce, and education.