TCS gains on reporting 7% rise in Q3 consolidated net profit

Tata Consultancy Services is currently trading at Rs. 3164.20, up by 43.85 points or 1.41% from its previous closing of Rs. 3120.35 on the BSE.

The scrip opened at Rs. 3215.00 and has touched a high and low of Rs. 3224.00 and Rs. 3147.45 respectively. So far 129726 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3,224.00 on 11-Jan-2021 and a 52 week low of Rs. 1504.40 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 3224.00 and Rs. 2942.00 respectively. The current market cap of the company is Rs. 1185622.23 crore.

The promoters holding in the company stood at 72.05 % while Institutions and Non-Institutions held 23.85 % and 4.03 % respectively.

Tata Consultancy Services (TCS) has reported 20.29% rise in its net profit of Rs 9,242 crore quarter ended December 31, 2020 as compared to net profit of Rs 7,683 crore for the same quarter in the previous year. Total income of the company marginally increased by 8.20% at Rs 37,053 crore for Q3FY21 as compared Rs 34,246 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 7.18% rise in its net profit attributable to shareholders of Rs 8,701 crore quarter ended December 31, 2020 as against net profit of Rs 8,118 crore for the same quarter in the previous year. Total income of the company increased by 5% at Rs 42,706 crore for Q3FY21 as compared Rs 40,672 crore for the corresponding quarter previous year.

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