TCS tumbles despite reporting 5% rise in Q1 consolidated net profit

Tata Consultancy Services is currently trading at Rs. 3125.45, down by 139.40 points or 4.27% from its previous closing of Rs. 3264.85 on the BSE.

tcs gains on launching add site feasibility platform
tcs gains on launching add site feasibility platform

The scrip opened at Rs. 3220.00 and has touched a high and low of Rs. 3223.05 and Rs. 3105.85 respectively. So far 160298 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. 3023.35 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 3319.00 and Rs. 3105.85 respectively. The current market cap of the company is Rs. 1142300.95 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 a rise of 3.71% in its net profit at Rs 8,588 crore for the quarter ended June 30, 2022 as compared to Rs 8,281 crore for the same quarter in the previous year. Total income of the company increased by 17.46% at Rs 45,195 crore for Q1FY23 as compared Rs 38,478 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 5.40% in its net profit at Rs 9519 crore for the quarter ended June 30, 2022 as compared to Rs 9031 crore for the same quarter in the previous year. Total income of the company increased by 16.07% at Rs 53,547 crore for Q1FY23 as compared Rs 46,132 crore for the corresponding quarter previous year.

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