TCS Q2 profit surges 5% to ₹11,909 cr, revenue up 7.6%
TCS board declares an interim dividend of ₹10 per equity share. The record date on October 18 and payment on November 5
TCS board declares an interim dividend of ₹10 per equity share. The record date on October 18 and payment on November 5
The boards of TCS and Tata Elxsi are slated to meet today to approve second quarter results for the current fiscal.
Analysts seem to be bullish on the IT major’s prospects and have raised target price to up to ₹4,660, against Thursday’s closing price of ₹3,922.70.
TCS onboarded around 11,000 trainees in the June quarter.
The revenue from operations rose 5.4% YoY to ₹62,613 crore as against ₹59,381 crore in the year ago period.
Post Q4 numbers, most brokerages remained bullish on TCS, expecting the share price to rise up to 15% to ₹4,700 from the current market price.
Tata Sons was looking to offload 2.34 crore, or 0.65%, shares of TCS at a floor price of ₹4,001 per share through block deals.
Extending gaining streak for the fourth straight session, TCS shares rose as much as 2.6% to scale a new peak of ₹4,229.30 on the BSE.
Shares of Tata Consultancy Services gain 4% in intraday trade today.
Tata Consultancy Services' consolidated revenue grows 4% year-on-year to ₹60,583 crore in Q3.