Tata Consultancy Services moves up on reporting 12% rise in Q3 consolidated net profit

Tata Consultancy Services is currently trading at Rs. 3878.05, up by 20.80 points or 0.54% from its previous closing of Rs. 3857.25 on the BSE.

The scrip opened at Rs. 3934.00 and has touched a high and low of Rs. 3944.40 and Rs. 3861.00 respectively. So far 175839 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 3990.00 on 08-Oct-2021 and a 52 week low of Rs. 2701.00 on 24-Feb-2021.

Last one week high and low of the scrip stood at Rs. 3979.90 and Rs. 3796.00 respectively. The current market cap of the company is Rs. 1436970.49 crore.

The promoters holding in the company stood at 72.19%, while Institutions and Non-Institutions held 23.30% and 4.51% respectively.

Tata Consultancy Services (TCS) has reported a rise of 7.76% in its net profit at Rs 9,959 crore for the quarter ended December 31, 2021 as compared to Rs 9,242 crore for the same quarter in the previous year. Total income of the company increased by 16.24% at Rs 43,070 crore for Q3FY22 as compared Rs 37053 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 12.36% in its net profit at Rs 9,806 crore for the quarter under review as compared to Rs 8,727 crore for the same quarter in the previous year. Total income of the company increased by 17.29% at Rs 50,090 crore for Q3FY22 as compared Rs 42,706 crore for the corresponding quarter previous year.

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