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TCS Gains 7%; BSE IT Index Up 4.5%
Fri, 12 Jul 14:9

TCS Gains 7%; BSE IT Index Up 4.5%Image source: Kameleon007 /www.istockphoto.com

TCS share price has zoomed 7% and is presently trading at Rs 4,188.0.

Meanwhile, the BSE IT index is at 39,880.2 (up 4.5%).

Among the top gainers in the BSE IT index today are KPIT TECHNOLOGIES (up 8.8%) and Coforge (up 7.3%).

Over the last one year, TCS has moved up from Rs 3,272.3 to Rs 4,188.0, registering a gain of Rs 915.7 (up 28.0%).

On the other hand, the BSE IT index has moved up from 29,484.7 to 39,880.2, registering a gain of 35.3% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 182.4%), Birlasoft (up 109.3%) and PERSISTENT SYSTEMS (up 104.3%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,709.1 (up 1.0%).

The top gainers among the BSE Sensex today are Infosys (up 3.6%) and Tech Mahindra (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,558.6 (up 1.0%). Wipro and LTIMINDTREE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 80,709.1, registering a gain of 15,364.9 points (up 23.5%).

TCS Financial Update...

TCS net profit grew 8.9% YoY to Rs 121,050 million for the quarter ended June 2024, compared to a profit of Rs 111,200 million a year ago. Net sales rose 5.4% to Rs 626,130 million during the period as against Rs 593,810 million in April-June 2023.

For the year ended March 2024, TCS reported 9.0% increase in net profit to Rs 460,990 million compared to net profit of Rs 423,030 million during FY23. Revenue of the company grew 6.8% to Rs 2,408,930 million during FY24.

The current Price to earnings ratio of TCS, based on rolling 12 month earnings, stands at 32.2.

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