TCS Gains Over 1% on Cognizant's Guidance for 2015

Posted By: Religare
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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.

TCS Gains Over 1% on Cognizant's Guidance for 2015

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.

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