TCS registered satisfactory growth, beating street estimates for the second consecutive quarter.
Tata Consultancy Services (TCS) dropped 1% to Rs.2494.9 post Q1 FY17 results. Country’s largest IT firm announced its financial results for the first quarter ended June 30, 2016 on July 14. TCS registered satisfactory growth, beating street estimates for the second consecutive quarter.
TCS net revenue climbed 3% to Rs.29,305 crore in Q1 FY17 as compared with Rs.28,449 crore in Q4 FY16. The dollar revenue grew by 3.7%. The company registered a net profit of Rs.6,317 crore, up 9.9% yoy but down 0.4% qoq. The operating margin stood at 25.1% while operating profit was registered at Rs.7,347 crore.
The scrip opened at Rs. 2524 and has touched a high and low of Rs. 2528 and Rs. 2465.05 respectively. So far 438007(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 496606.95 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2769 on 05-Oct-2015 and a 52 week low of Rs. 2119 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 2526.85 and Rs. 2404.5 respectively.
The promoters holding in the company stood at 73.34 % while Institutions and Non-Institutions held 22.15 % and 4.51 % respectively.
The stock is currently trading below its 50 DMA.
TCS net revenue climbed 3% to Rs.29,305 crore in Q1 FY17 as compared with Rs.28,449 crore in Q4 FY16. The dollar revenue grew by 3.7%. The company registered a net profit of Rs.6,317 crore, up 9.9% yoy but down 0.4% qoq. The operating margin stood at 25.1% while operating profit was registered at Rs.7,347 crore.
The scrip opened at Rs. 2524 and has touched a high and low of Rs. 2528 and Rs. 2465.05 respectively. So far 438007(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 496606.95 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2769 on 05-Oct-2015 and a 52 week low of Rs. 2119 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 2526.85 and Rs. 2404.5 respectively.
The promoters holding in the company stood at 73.34 % while Institutions and Non-Institutions held 22.15 % and 4.51 % respectively.
The stock is currently trading below its 50 DMA.
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