GET Stock QuotesNews18 APP
News18 English
»
1-min read

TCS Shares Soar 6.5% After Q4 earnings

On NSE, TCS shares 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 on Thursday.

PTI

Updated:April 20, 2018, 11:44 AM IST
facebookTwittergoogleskypewhatsapp
TCS Shares Soar 6.5% After Q4 earnings
TCS Launches New Digital Subscription Platform on Microsoft Azure (Representative image)
Loading...
New Delhi: Shares of TCS on Friday jumped 6.5 per cent after the company reported a 4.4 per cent rise in March quarter net profit and guided towards a better show in fiscal 2019. 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 valuation zoomed Rs 37,702.06 crore to Rs 6,45,880.63 crore.

In terms of equity volume, 5.54 lakh shares of the company were traded on BSE and over 56 lakh shares changed hands on NSE in the morning session.

Buying was also seen in other IT stocks, with Infosys trading higher by 3.49 per cent and Wipro 1.92 per cent on BSE.

Stating that fiscal 2017-18 has been a "sobering year" on slower revenue growth, the nation's largest software exporter TCS yesterday reported a 4.4 per cent rise in March quarter net profit at Rs 6,904 crore.

The Tata group flagship, which contributes around 85 per cent of the group's profit, reported a revenue growth of 8.2 per cent at Rs 32,075 crore for the three months to March. In dollar terms, the company had its highest revenue growth in 14 quarters at 11.7 per cent.

It also announced a 1:1 bonus of shares and a dividend of Rs 29 a share, taking the total payout to shareholders at Rs 50 for the year. It has given out close to Rs 26,000 crore to the shareholders in dividends and bonuses in the year.
| Edited by: Nitya Thirumalai
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 226.50 -92.70 -29.04
Dewan Housing 350.55 -260.00 -42.58
Reliance 1,217.50 +6.75 +0.56
Axis Bank 599.20 -9.60 -1.58
Tata Steel 625.15 +3.95 +0.64
Company Price Change %Gain
Dewan Housing 351.55 -259.05 -42.43
Yes Bank 227.05 -91.45 -28.71
Maruti Suzuki 8,039.55 -167.45 -2.04
Indiabulls Hsg 1,061.90 -94.60 -8.18
Oracle Fin Serv 4,031.30 -71.85 -1.75
Top Gainers
Company Price Change %Gain
Bharti Infratel 281.20 +10.30 +3.80
BPCL 376.50 +11.45 +3.14
IOC 158.15 +4.60 +3.00
HPCL 258.00 +6.65 +2.65
Hindalco 240.40 +4.75 +2.02
Company Price Change %Gain
ONGC 180.10 +3.45 +1.95
Wipro 337.35 +4.60 +1.38
ITC 303.75 +4.10 +1.37
TCS 2,103.80 +26.90 +1.30
Asian Paints 1,303.10 +13.75 +1.07
Top Losers
Company Price Change %Gain
Yes Bank 226.50 -92.70 -29.04
Indiabulls Hsg 1,062.15 -97.10 -8.38
Bajaj Finance 2,379.40 -120.15 -4.81
Tech Mahindra 738.05 -31.90 -4.14
UPL 665.80 -26.50 -3.83
Company Price Change %Gain
Yes Bank 227.05 -91.45 -28.71
Kotak Mahindra 1,179.65 -47.35 -3.86
Adani Ports 362.00 -10.95 -2.94
IndusInd Bank 1,761.70 -42.90 -2.38
Maruti Suzuki 8,039.55 -167.45 -2.04

Live TV

Loading...
Loading...