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(16th Sept 2011)TCS : F&O buy above 1030 . SL 1018 . TGT 1042 , 1050
At 2:30 PM -Tata Consultancy Services (TCS) is trading at Rs 1035.50, up by 18.45 points or 1.81% from its previous closing of Rs 1017.05 on the BSE.
The scrip opened at Rs 1029.50 and has touched a high and low of Rs 1038.00 and Rs 1010.45 respectively. So far 164852 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 1247.00 on 06-Apr-2011 and a 52 week low of Rs 893.20 on 16-Sep-2010.
Last one week high and low of the scrip stood at Rs 1051.00 and Rs 979.00 respectively. The current market cap of the company is Rs 199059.16 crore.
The promoters holding in the company stood at 74.08% while Institutions and Non-Institutions held 20.90% and 5.03% respectively.
Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm has signed a multi-year contract with Nets, one of the largest payment cards, payment solutions and payment exchange information companies in Northern Europe. The contract comprises application maintenance and development services across Nets’ value chain of cards, payments and e-Security.
The markets performed well today with interest rate sensitive sectors being the best performers of today's session. The Sensex closed at 16909 (provisional), up 200 points from its previous close, and the Nifty closed at 5089 (provisional), up 77 points. The CNX Midcap index was up 1.1% and the BSE Smallcap index gained 0.3%. The market breadth was positive with advances at 816 against declines of 616 on the NSE.
