Comments
TCS, the country’s largest software exporter, today rose by over two per cent in the early trade on bourses on expectations of robust fourth quarter earnings, to be announced later in the day.
The scrip of the IT major climbed 2.22 per cent in value at Rs 1,245.90 a piece on BSE.
Similarly, on the National Stock Exchange, the company stock gained 2.22 per cent at Rs 1,245.80 a piece.
TCS also topped in total trade volume at bourses, with over 10 lakh shares traded in the morning.
Experts attributed the rise to markets expecting better quarterly earnings from TCS, in keeping with better-than-expected performance by HCL Technologies, even as Infosys results failed to enthuse investors.
HCL had yesterday posted 33 per cent rise in its net profit at Rs 468.2 crore for the January-March quarter.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.