TCS Shares Up after results, Nifty IT index Surges

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Shares of Tata Consultancy Services (TCS) jumped on Monday upto an intraday high 4% on bourses, after the IT bellwether beat analysts’ estimates of its Q4 profit.  On the NSE, TCS share price rose an intraday high at Rs2,088.00 per share, while on the BSE it peaked at Rs2085.60 per share, after the Company had on Friday reported a net profit of Rs.8,126-crore for the quarter ended March 31st , 2019. 

On the BSE, the TCS stock moved up 3.58% to clock an intraday peak level at Rs2085.60, v/s its previous close of Rs2013.80.

TCS on Friday reported a revenue of Rs38,010-crore for the Q4FY2019 registering  an increase of 1.8% in revenue in comparison with the previous month. On a year on year basis, the Company‚Äôs quarterly revenue surged 18.5%, based on its stellar growth in the last 15- quarters.  Meantime, it has approved a final dividend of Rs18/- per equity share.

At 12:00 noon hours, Monday, TCS shares traded 3.15percnet higher at Rs.2,078.25 apiece on the NSE, outperforming the broader markets which were up 30points at 11673.65. Meantime, Nifty IT indeed traded higher at 15,995-level up 0.53% with TCS at the top.