On the BSE, 15.51 lakh shares were traded in the counter so far compared with average daily volumes of 72,000 shares in the past two weeks. The stock had hit a high of Rs 2,929 and a low of Rs 2,885.20 so far during the day. The stock hit a record high of Rs 3,254.80 on 24 January 2018. The stock hit a 52-week low of Rs 2,255 on 19 April 2017.
The money raised from the stake sale will be used by Tata Sons to strengthen its balance sheet, reports added.
TCS' consolidated net profit rose 1.31% to Rs 6545 crore on 1.18% growth in net sales to Rs 30904 crore in Q3 December 2017 over Q2 September 2017.
TCS is an IT services, consulting and business solutions provider.
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