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TATA Consultancy Services ( TCS ) Related news

IT shares extend rally; TCS, Infosys, HCL Tech, Tech Mahindra hit new highs

IT shares extend rally; TCS, Infosys, HCL Tech, Tech Mahindra hit new highs

Shares of information technology (IT) companies continued their northward journey at the bourses, with the Nifty IT and the S&P BSE IT indices hitting their respective fresh record highs on Wednesday amid hopes of more large deal wins, which would further help accelerate the sector's growth momentum.

Tata Consultancy Services (TCS), Infosys, HCL Technologies, Tech Mahindra, Larsen & Toubro (L&T) Infotech and MphasiS from the Nifty IT index hit their respective fresh record highs. Birlasoft and Persistent Systems from the non-index stocks, too, hit new highs today.

TCS surges 5%, hits new high on healthy Q2 results, Rs 16,000 crore buyback

TCS surges 5%, hits new high on healthy Q2 results, Rs 16,000 crore buyback

Shares of Tata Consultancy Services (TCS) hit a fresh record high of Rs 2,875, up 5 per cent on the BSE in early morning deal on Thursday, after the company reported a healthy set of July-September quarter (Q2FY21) numbers that were above analysts' estimates.

The TCS board has also approved a buyback of Rs 16,000 crore to buy back 53.3 million shares at Rs 3,000 per share.

TCS beats estimates on faster demand recovery, announces Rs 16K-cr buyback

TCS beats estimates on faster demand recovery, announces Rs 16K-cr buyback

Tata Consultancy Services (TCS), the country’s largest IT services company, on Wednesday beat street expectations in its second-quarter (Q2) financials, led by a rebound in growth in key verticals and geographies.

The company’s consolidated revenues in Q2 rose 3 per cent on a year-on-year (y-o-y) basis at Rs 40,135 crore while they were higher 4.7 per cent quarter-on-quarter (q-o-q).

Tata Consultancy Services to consider share buyback on Wednesday

Tata Consultancy Services to consider share buyback on Wednesday

Tata Consultancy Services (TCS) will be considering a buyback of shares of the company at a board meeting to be held on October 7.

TCS said in a filing that the meeting of the Board of Directors of the company is scheduled on October 7 and the Board of Directors will consider a proposal for buyback of equity shares of the company, at its meeting to be held on October 7, 2020.

TCS becomes the second Indian company to cross Rs 9 trillion m-cap

TCS becomes the second Indian company to cross Rs 9 trillion m-cap

The market-capitalisation (m-cap) of Tata Consultancy Services Ltd surged past the Rs 9 trillion-mark for the first time, after its share price rose 1.5 per cent to hit a record high of Rs 2,408 in Monday's early morning trade. The information techology (IT) giant is the second Indian company, after Reliance Industries (RIL), to achieve the milestone.

The IT bellwether's stock surpassed its previous high of Rs 2,389.50, hit on September 8, 2020. At 09:18 am, TCS' m-cap stood at Rs 9.02 trillion, the BSE data shows.

IT shares rally on value buying; TCS, HCL Tech, Wipro gain over 10%

IT shares rally on value buying; TCS, HCL Tech, Wipro gain over 10%

Shares of information technology (IT) companies rallied by up to 14 per cent on the National Stock Exchange (NSE) on Friday after Accenture reported a better-than-consensus Q2 performance. Meanwhile, the Rupee hit a new low on Thursday, falling below 75 against the US dollar for the first time.

Tata Consultancy Services (TCS), HCL Technologies, Wipro, MindTree, and NIIT Technologies gained in the range of 10 per cent to 14 per cent on the NSE as investors indulged in some value-buying as valuations turned attractive after the recent fall in stock prices.

IT shares under pressure on Covid-19 outbreak; TCS, Wipro hit 52-week lows

IT shares under pressure on Covid-19 outbreak; TCS, Wipro hit 52-week lows

Shares of information technology (IT) companies were under pressure on Wednesday with sector giant Tata Consultancy Services (TCS) and Wipro hitting their respective 52-week lows on the National Stock Exchange (NSE) in the early morning trade on concerns over potential impact from COVID-19 (Coronavirus).

Nifty IT index, the top loser among the key sectoral indices, too hit its 52-week low of 14,356, down 3.4 per cent on the NSE. The index was at its lowest level since January 15, 2019, when it had touched 14,262 points in the intra-day trade.

Indian CEOs need to build their own inclusive tech solutions: Nadella

Indian CEOs need to build their own inclusive tech solutions: Nadella

Microsoft chief executive Satya Nadella on Monday urged Indian business leaders to build technology capabilities that are inclusive in nature.

Beginning his three-day visit to India, Nadella was addressing Microsoft's Future Decoded CEO Summit here.

TCS, DLF seek govt nod to set up IT SEZs in Haryana, Uttar Pradesh

TCS, DLF seek govt nod to set up IT SEZs in Haryana, Uttar Pradesh

Software firm TCS and realty major DLF have sought government nod to set up special economic zones (SEZ) for IT sector in Haryana and Uttar Pradesh.

These proposals will be taken up by the Board of Approval, the highest decision-making body for SEZ, in its meeting on February 26 here. The inter-ministerial body is chaired by the commerce secretary.

IT stocks gain on weak Rupee; TCS, NIIT Tech climb 3%

IT stocks gain on weak Rupee; TCS, NIIT Tech climb 3%

Shares of information technology (I-T) companies surged on Friday, buoyed by a fall in Indian Rupee against the US dollar after a key Iranian and Iraqi military personnel were killed by a US airstrike that sent the oil prices soaring.

Iranian Major-General Qassem Soleimani, head of the elite Quds Force, and Iraqi militia commander Abu Mahdi al-Muhandis were killed early on Friday in an air strike on their convoy at Baghdad airport, Reuters reported.

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