TCS gains over 3% as Q1 profit beats estimates

TCS gains over 3% as Q1 profit beats estimates
Shares of Tata Consultancy Services Limited (TCS) rose over 3 per cent in early trade on Bombay Stock Exchange (BSE) after reporting a better-than-expected consolidated net profit of Rs 5,058 crore for the quarter ended June 2014 (Q1).

The shares of company rose as much as 3.54 per cent to trade at Rs 2465.40 a piece on the BSE.

In a similar fashion, shares of the company rose 3.46 per cent to Rs 2464.30 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 25,548.56, down 12.60 points or 0.05 per cent at 11.08 hours.

Read more about: tata consultancy services
Story first published: Friday, July 18, 2014, 12:30 [IST]
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