This BSE IT company has outperformed its benchmark index in today’s session

This BSE IT company has outperformed its benchmark index in today’s session

by 5paisa Research Team Last Updated: Jan 12, 2023 - 09:27 am 4.3k Views
Listen icon

Today, the stock opened at Rs 3289 and has touched a high and low of Rs 3349 and Rs 3272, respectively.

At 2 pm, shares of Tata Consultancy Services were trading at Rs 3342.05, up by 55.85 points or 1.70% from its previous closing of Rs 3286.20 on the other hand S&P BSE IT index stood flat gaining only 0.087% in today’s session.

Tata Consultancy Services (TCS) has reported results for the third quarter that ended on December 31, 2022 (Q3FY23).

The company reported a 7.03% increase in net profit for the quarter under review, at Rs 10,659 crore, compared to Rs 9,959 crore for the same quarter the previous year. The company's total income increased 18.02% to Rs 50,833 crore in Q3FY23, compared to Rs 43,070 crore in the previous year's corresponding quarter.

On a consolidated basis, the company reported a 10.98% increase in net profit for the quarter under review, at Rs 10,883 crore, compared to Rs 9,806 crore in the same quarter the previous year. The company's total income increased 17.29% to Rs 58,749 crore in Q3FY23, compared to Rs 50,090 crore in the previous year's corresponding quarter.

Tata Consultancy Services is the flagship company and a part of the Tata Group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive-powered, integrated portfolio of business, technology and engineering services and solutions.

Shares of TCS are currently trading at a P/E of 30.75x with ROE and ROCE of 44.13% and 60.22%, respectively. The BSE group 'A' stock of face value of Rs 1 has a 52-week high and low of Rs 4045.50 and Rs 2926.00, respectively.

Last one week high and low of the scrip stood at Rs 3349.00 and Rs 3200.00, respectively. The current market cap of the company is Rs 1221062.03 crore. The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 21.63% and 6.06%, respectively.

Share Market Today


How do you rate this article?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
What you must know about Accent Microcell IPO?

Accent Microcell Ltd is a 11 year old company, incorporated in the year 2012 to produce high-quality cellulose-based excipients. These excipients find application in the pharmaceutical, nutraceutical, food, cosmetic and other industries.

Electric Two-Wheeler Sales Surge in November: A Close Examination

In November, sales of electric two-wheelers witnessed impressive growth, totaling just over 91,000 units. This marks a nearly 20% increase compared to the same month last year and a 22% rise from October.

HUL Strategically Divides Beauty and Personal Care for Modern Beauty Brand Challenges

Hindustan Unilever Ltd (HUL) is making strategic moves to enhance its competitiveness in the beauty and personal care market. Starting April 1, the company will split its beauty and personal care division into two separate entities—beauty and wellbeing (B&W) and personal care (PC).