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TCS hits record high after fixing record date for 1:1 bonus issue
Posted on 21st May 2018
Tata Consultancy Services (TCS) hit a record high of Rs 3,585, up 2.4% on the BSE in otherwise subdued market, after information technology company fixed Saturday, June 2, 2018 as the record date for determining the entitlement of members to receive bonus shares in the ratio of 1:1.

Mutual funds shun TCS, ICICI Bank, Avenue Supermarts in April
Posted on 18th May 2018
Mumbai: Even when the market rose 6.65% in April, mutual funds’ top stock sales in the month in the large-cap space included software exporter Tata Consultancy Services Ltd (TCS), private lender ICICI Bank Ltd. and supermarket chain Avenue Supermarts Ltd.

Mutual funds invested a net of Rs9,435.64 crore in Indian equities in April, data from Securities and Exchange Board of India (Sebi) showed.


TCS expands presence in Arkansas, US
Posted on 15th May 2018
New Delhi: India’s largest IT services firm TCS said on Tuesday it has expanded operations in Arkansas, US with over 200 employees joining the company as part of the Transamerica deal.

In January, Tata Consultancy Services (TCS) had signed a deal worth over $2 billion with Transamerica to administer the latter’s life insurance, annuity, supplemental health insurance, and workplace voluntary benefits products, and manage the administration of more than 10 million policies.


Even as TCS enters elite $100 billion m-cap club; analysts say buy Infosys
Posted on 25th April 2018
Tata Consultancy Services Ltd. maybe basking in the afterglow of joining the $100-billion club, but it is the company’s rival Infosys Ltd. that is a preferred buy for analysts.

Of the 44 analysts covering both companies, 38 have a buy or equivalent rating on Infosys, India’s original poster child for software development. This compares with 19 buys for TCS, Asia’s largest software exporter, according to data compiled by Bloomberg.


TCS market cap breaches $100 billion mark, ahead of rival Accenture
Posted on 24th April 2018
As India’s largest software company Tata Consultancy Services (TCS)’s market cap surpassed the $100 billion mark, the Street is seeing value in the company’s organic growth plans. TCS saw its stock price soaring to a record high of Rs 3,557 on Monday on the BSE following better than expected Q4 results posted last week.

Although TCS’ market value on a closing basis slipped to $98.1 billion, it is still more valuable than its US-listed rival Accenture, which, according to Bloomberg, was valued at $98 billion.


TCS becomes first listed Indian co to hit $100-bn m-cap
Posted on 23rd April 2018
Shares of Tata Consultancy Services (TCS) today surged over 4 per cent, following which the IT major became the first listed Indian company to hit market capitalisation of over USD 100 billion (Rs 6,80,912.10 crore).

Shares of the company today opened at Rs 3,429, rising 4.39 per cent to touch an intra-day high of Rs 3,557 on BSE. Following the uptick in the counter, the market capitalisation of the company swelled to Rs 6,80,912.10 crore.


TCS propels Tata group into Rs 10-trillion club; shares hit lifetime high
Posted on 21st April 2018
Tata Consultancy Services (TCS) has played a stellar role in helping the Tatas to become the first private business group to enter the Rs 10-trillion market capitalisation league. This has happened because of the double-digit rally in the TCS share price in the current year.

Shares of TCS, the most valuable Indian company, on Friday closed at a lifetime high of Rs 3,406. At the current price, TCS is valued at Rs 6.52 trillion, or $98.52 billion, a whisker away from the $100-billion mark.


TCS posts 1st ever full-year profit drop in 14 years since IPO, but shares jump 6% on robust Q4 results
Posted on 20th April 2018
India’s largest IT services company Tata Consultancy Services (TCS) posted its first-ever drop in the full year net profit on Thursday in a span of last 14 years since the firm got listed on Indian exchanges in 2004. But the shares of the market capitalisation leader TCS went on a joy ride on Friday to hit a record high level.

TCS Q4 Results 2018: Total attrition rate falls to 11.8%; has about 4 lakh employees
Posted on 19th April 2018
TCS Q4 Results 2018: The total attrition rate in Tata Consultancy Services (TCS) fell to 11.8%, while that of IT fell to 11% in the fourth quarter of the fiscal year 2018-19. India’s largest IT services company, beating estimates, posted a net profit of 4.5% on year to Rs 6,904 crore in the quarter ended March.

18 IT stocks that outperformed TCS, Infosys shares in last 1 year; 6 scrips have doubled money
Posted on 7th April 2018
Indian stock markets have fared quite well in the last one year except the period beginning from February which has steered the benchmark indices Sensex and Nifty to drop by 8% from the respective all-time highs. In the last one year, there were many blue-chip stocks that have out done the returns of the key indices such as Titan Company, Avenue Supermarts and Maruti Suzuki.

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