Shares of Tata Consultancy Services rose over 1 per cent in early trade on Bombay Stock Exchange (BSE) after Cognizant Technology Solutions forecasted higher revenue growth as healthcare spending rose.
Company's December-quarter results were robust with 19 per cent growth forecast for 2015, indicating stable demand environment, analysts said.
The shares of company rose 1.28 per cent to trade at Rs 2546.20 a piece on the BSE.
Similarly, shares of the company rose 1.25 per cent to Rs 2545.70 a piece on National Stock Exchange.
Meanwhile, the broader benchmark Sensex was quoting at 28,992.77, up 109.66 points or 0.38 per cent at 11.15 hours.