TCS shares rally for third day on earnings, outlook

Tags: Companies
Tata Consultancy Services Ltd opened up around 4.5 percent on Tuesday, a day after topping expectations with a 23 percent rise in October-December profit and reiterating it should beat a closely watched industry growth forecast.

TCS was up 3 percent as of 9:20 a.m. Shares had already gained 6 percent in the previous two sessions after Infosys Ltd also beat estimates with its earnings results on Friday, while slightly raising its revenue guidance.


  • With IT firms pursuing independent business models, Infosys is no longer a bellwether

    The earnings season kicked off on Monday with technology major Infosys announcing its second quarter results that were more or less on expected lines


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