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.

EDITORIAL OF THE DAY

  • Finance ministry must stand its ground on lower EPF interest rate

    In quick succession, yet another controversy is brewing with regard to affairs of the employees provident fund organisation (EPFO).

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Sanskrit: a victim of academic schizophrenia

J Robert Oppenheimer, the father of the atomic bomb and ...

Zehra Naqvi

God save the child

Childhood is supposed to be the best phase in life. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture