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TCS shares jump 6% after announcing nearly 12% profit rise in December quarter

share-iconFriday, January 10 comment-icon3 weeks ago 7 views
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indiatimesINDIATIMES
TCS shares jump 6% after announcing nearly 12% profit rise in December quarter

Credited from: INDIATIMES

  • TCS shares surged nearly 6% following the announcement of an 11.95% increase in net profit to Rs 12,380 crore for the December quarter.
  • The stock closed at Rs 4,265.55 on the BSE, having reached a high of Rs 4,296.80.
  • Market value increased by Rs 82,818.03 crore, reaching Rs 15,43,313.32 crore.
  • The IT sector showed overall strength, with a 2.65% rise in the BSE IT index, despite a decline in the overall Sensex and Nifty.
  • CEO K Krithivasan noted the improvement in discretionary spending and expressed confidence in long-term growth prospects.

For the full article, visit Times of India.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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