TCS falls despite reporting 8% rise in Q2 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Tata Consultancy Services is currently trading at Rs. 3081.85, down by 39.35 points or 1.26% from its previous closing of Rs. 3121.20 on the BSE.
The scrip opened at Rs. 3100.00 and has touched a high and low of Rs. 3144.55 and Rs. 3054.75 respectively. So far 1298497 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4045.50 on 18-Jan-2022 and a 52 week low of Rs. 2926.00 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 3144.55 and Rs. 3013.05 respectively. The current market cap of the company is Rs. 1125963.29 crore.
The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 21.91% and 5.80% respectively.
Tata Consultancy Services (TCS) has reported results for second quarter ended September 30, 2022.
The company has reported a fall of 0.92% in its net profit at Rs 10,059 crore for the quarter under review as compared to Rs 10,152 crore for the same quarter in the previous year. However, total income of the company increased by 15.78% at Rs 48,441 crore for Q2FY23 as compared Rs 41,839 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 8.41% in its net profit at Rs 10,465 crore for the quarter under review as compared to Rs 9,653 crore for the same quarter in the previous year. Total income of the company increased by 17.29% at Rs 56,274 crore for Q2FY23 as compared Rs 47,978 crore for the corresponding quarter previous year.
