Thursday, March 28

Tag: TCS Shares

This Company close to become India’s first $100 bn Market Cap Company
News

This Company close to become India’s first $100 bn Market Cap Company

Shares of Tata Consultancy Services (TCS) jumped 6.5 per cent last week after the company reported a 4.4 per cent rise in March quarter net profit and guided towards a better show in fiscal 2019. This has taken its market capitalisation (m-cap) to over Rs 6.50 lakh crore or around $98 billion.With this, the IT major emerges as the first Indian company with a market capitalisation of close to $100 billion. The stock, after making a positive opening, further soared 6.55 per cent to hit its 52-week high of Rs 3,399.90 on BSE. On NSE, shares of the company surged 6.54 per cent to its one-year high of Rs 3,399.90. The company's quarterly results were announced post market hours yesterday. The stock was the biggest gainer on both key indices, Sensex and Nifty. The firm's market valu...
TCS Records Highest Q4 Performance, Rewarded 1:1 Bonus Share
Market

TCS Records Highest Q4 Performance, Rewarded 1:1 Bonus Share

Country's largest IT firm, Tata Consultancy Services March Quarter(Q4) earnings reported a stellar performance on Thursday beating all expectations that analysts had estimated both on revenue and profitability. This double-digit growth quarter has come after the backdrop of 13 straight quarters of underperformance and the board members of Mumbai based company immediately rewarded shareholders with one on one bonus issue establishing the final dividend of Rs. 29 per share. The Mumbai based IT giant has posted a consolidated profit at Rs. 6,904 crores for Q4 quarter registering a 5.7 percent growth as compared to 4.5 percent (Rs. 6531 crores for the previous quarter) in the previous year.     The Tata Group firm has reported a consolidated profit at Rs 6,904 cr...