TCS Surges by 12%; BSE IT Index Up 10.0%

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TCS Surges by 12%; BSE IT Index Up 10.0%
Fri, 20 Mar 12:20 PM

TCS share price has zoomed 12% and is presently trading at Rs 1,837.

Meanwhile, the BSE IT Index is at 12,528 (up 10.0%).

Among the top Gainers in the BSE IT Index today are TCS (up 11.9%) and ORACLE FINANCIAL (up 5.9%).

Over the last one year, TCS has moved down from Rs 2,025 to Rs 1,837, registering a loss of Rs 188 (down 9.6%).

On the other hand, the BSE IT has moved down from 15,125 to 12,528, loss of 2,597 points (down 17.2%) during the last 12 months.

BREAKING NEWS: Massive Opportunity Triggered as Investing Legends Quit

What About the Benchmark Indices?

The BSE Sensex is at 29,491 (up 4.2%).

The top gainers among the BSE Sensex stocks today are ONGC (up 12.6%), TCS (up 11.9%) and HCL TECHNOLOGIES (up 10.7%). Other gainers include TECH MAHINDRA (up 9.1%) and INFOSYS (up 8.7%). The most traded stocks in the BSE Sensex are ONGC and SBI.

In the meantime, NSE Nifty is at 8,671 (up 4.8%). The top gainers in the NSE Nifty include ONGC (up 14.2%), GAIL (up 12.5%) and TCS (up 12.4%). Other gainers include HCL TECHNOLOGIES (up 11.4%) and WIPRO (up 10.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,363 to 29,491, registering a loss of 8,872 points (down 23.16%).

TCS Financial Update...

TCS net profit stood at Rs 81 billion for the quarter ended December 2019, compared to a profit of Rs 81 billion a year ago. Net Sales rose 6.7% to Rs 398.5 billion during the period as against Rs 373.4 billion in October-December 2018.

For the year ended March 2019, TCS reported 22.0% increase in net profit to Rs 315.6 billion compared to net profit of Rs 258.8 billion during FY18.

Revenue of the company grew 19.0% to Rs 1,465 billion during FY19.

The current Price to earnings ratio of TCS, based on rolling 12 month earnings, stands at 21.1x.



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