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Tata Consultancy Services surges on reporting marginal rise in Q3 consolidated net profit
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Tata Consultancy Services is currently trading at Rs. 3870.20, up by 134.00 points or 3.59% from its previous closing of Rs. 3736.20 on the BSE.
The scrip opened at Rs. 3843.95 and has touched a high and low of Rs. 3893.70 and Rs. 3820.60 respectively. So far 138380 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3928.95 on 18-Dec-2023 and a 52 week low of Rs. 3070.30 on 17-Apr-2023.
Last one week high and low of the scrip stood at Rs. 3893.70 and Rs. 3671.05 respectively. The current market cap of the company is Rs. 1351789.86 crore.
The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 22.53% and 5.17% respectively.
Tata Consultancy Services (TCS) has reported 0.88% rise in its net profit at Rs 10,753 crore for the quarter ended December 31, 2023 as compared to Rs 10,659 crore for the same quarter in the previous year. Total income of the company increased by 3.58% at Rs 52,653 crore for Q3FY24 as compared Rs 50,833 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 1.97% rise in net profit at Rs 11,097 crore for Q3FY24 as compared to Rs 10,883 crore for the same quarter in the previous year. Total income of the company increased by 4.59% at Rs 61,445 crore for Q3FY24 as compared Rs 58,749 crore for the corresponding quarter previous year.
