TCS slips despite reporting 23% rise in Q2 consolidated net profit

12 Oct 2018

Tata Consultancy Services (TCS) is currently trading at Rs. 1916.80, down by 62.95 points or 3.18% from its previous closing of Rs. 1979.75 on the BSE.

The scrip opened at Rs. 1990.00 and has touched a high and low of Rs. 1990.00 and Rs. 1904.80 respectively. So far 401846 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2273.00 on 01-Oct-2018 and a 52 week low of Rs. 1248.45 on 18-Dec-2017.

Last one week high and low of the scrip stood at Rs. 2122.90 and Rs. 1,904.80 respectively. The current market cap of the company is Rs. 717437.19 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 23.54% and 4.42% respectively.

Tata Consultancy Services (TCS) has reported a rise of 32.61% in its net profit at Rs 7,620 crore for the quarter ended September 30, 2018 as compared to Rs 5,746 crore for the same quarter in the previous year. Total income of the company increased by 30.91% at Rs 32,517 crore for Q2FY19 as compared Rs 24,839 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 22.57% in its net profit at Rs 7,901 crore for the quarter under review as compared to Rs 6,446 crore for the same quarter in the previous year. Total consolidated income of the company increased by 19.85% at Rs 37,584 crore for Q2FY19 as compared Rs 31,360 crore for the corresponding quarter previous year.

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2178.55 -17.05 (-0.78%) Nov 15, 15:09
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