Tata Consultancy Services gains on reporting 8% rise in Q2 consolidated net profit

14 Oct 2016

Tata Consultancy Services (TCS) is currently trading at Rs. 2337.10, up by 8.60 points or 0.37 % from its previous closing of Rs. 2328.50 on the BSE.

The scrip opened at Rs. 2322.00 and has touched a high and low of Rs. 2384.40 and Rs. 2298.85 respectively. So far 102560 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2740.00 on 12-Aug-2016 and a 52 week low of Rs. 2119.00 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 2388.00 and Rs. 2323.25 respectively. The current market cap of the company is Rs. 458942.22 crore.

The promoters holding in the company stood at 73.34%, while Institutions and Non-Institutions held 22.15% and 4.51% respectively.

TCS has reported 4.11 % rise in its net profit at Rs 5958 crore for second quarter ended September 30, 2016 as compared to Rs 5723 crore for the same quarter in the previous year. Total income of the company increased by 8.41% at Rs 24191 crore for Q2FY17 as compared Rs 22315 crore for the corresponding quarter previous year.   

On the consolidated basis, the company has reported 8.37 % rise in its net profit at Rs 6603 crore for the quarter ended September 30, 2016 as compared to Rs 6093 crore for the same quarter in the previous year. Total Income of the company has increased by 8.95 % to Rs 30341 crore for quarter under review from Rs 27848 crore for the quarter ended September 30, 2015.

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TCS Share Price

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