Tata Consultancy Services (TCS) rose over 5% to hit an all-time high of Rs1,040.70 after posting strong Q2 earnings. So far, over 3.73 lakh shares have traded on the BSE as against the two-week average volume of 3.02 lakh shares.
TCS announced the following audited results for the quarter ended September 30, 2010:
Stand-alone results:
- The net profit of the company surged by 34.51% to Rs1,812.65 crore for the quarter ended September 30, 2010 as compared to Rs1,347.60 crore for the quarter ended September 30, 2009.
- Total income increased by 28.87% to Rs7,370.67 crore for the quarter ended September 30, 2010 from Rs5,719.04 crore for the quarter ended September 30, 2009.
Consolidated results:
- The net profit of the group rose by 32.09% to Rs2,169.21 crore for the quarter ended September 30, 2010 as compared to Rs1,642.21 crore for the quarter ended September 30, 2009.
- Total income increased by 25.99% to Rs9,357.14 crore for the quarter ended September 30, 2010 from Rs7,426.60 crore for the quarter ended September 30, 2009.
At 10.03 am, TCS was trading at Rs1,035.50, up by 5.25%, with a volume of 3.73 lakh shares on the BSE.
