Published on 13/10/2017 12:42:27 PM | Source: Dion Global Solutions Ltd.

TCS rises over 2% as Q2 beats estimates

Shares of Tata Consultancy Services (TCS) soared over 2 per cent on the Bombay Stock Exchange after the IT bellwether reported net profit ta Rs Rs 6,446 crore against net revenue of Rs 30,541 crore, in line with Street expectations. Following Q2 earnings, shares of the IT major gained as much as 2.23 per cent to trade at intra-day high of Rs 2605.60 apiece on the Bombay Stock Exchange. In a similar fashion, shares of the company were trading 0.94 per cent higher at Rs 2,572.05 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 32,416.61, up 234.39 points, or 0.73 per cent, at 11:55 hours.