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TCS rises over 1 pc on hopes of strong Q2 result

TCS rises over 1 pc on hopes of strong Q2 result

The Board of Directors of the company will meet later in the day to approve and take on record the audited financial results for the quarter and half-year ended September 30.

Software giant Tata Consultancy Services rose over one per cent in morning trade at the Bombay Stock Exchange on Thursday, on expectations of robust second quarter earnings to be announced later in the day.

The IT major started the day on a positive note, gaining 1.60 per cent to touch its early high of Rs 979.80. The company was the top performer in the Sensex pack.

On the National Stock Exchange as well, the stock was quoting at Rs 977, up by 1.43 per cent from the previous close.

The Board of Directors of the company will meet on Thursday to approve and take on record the audited financial results for the quarter and half-year ended September 30.

Market analysts are upbeat about the company posting healthy results in the September quarter.

Meanwhile, IT major Infosys Technologies was quoting 0.84 per cent lower than the previous close, while Wipro gained 0.99 per cent.

The BSE 30-share index Sensex was trading higher at 19,974.80, up by 102.65 points after losing 111 points in the previous trading session.


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Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Oct 21, 2010, 10:57 AM IST
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