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TCS hits 52-week high ahead of Q2

By Religare
TCS hits 52-week high ahead of Q2
Shares of country's largest software exporter Tata Consultancy Services (TCS) rose nearly 2 per cent, hitting 52-week high, ahead of second quarter numbers ended September, 2013, scheduled to be announced later today.

The IT bellwether is expected to declare 5.5 per cent Q-o-Q increase in Dollar revenues to USD 3339 million, as compared to USD 3165 million reported in the previous quarter, according to an ET Now Poll.

In line with IT space, shares of the company opened higher and gained as much as 1.95 per cent and touched 52-week high to trade at Rs 2,258.05 a piece on the BSE.

In a similar fashion, shares of the company advanced 1.66 per cent to Rs 2,249.50 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 20,735.74, up 128.20 points or 0.64 per cent at 9:35 hours.

Dion Global Solutions Ltd.

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