TCS gains after announcing launch of two retail solutions

TCS gained 0.91% to Rs 2,284.10 at 14:45 IST on BSE after the company announced the launch of two retail solutions.

The announcement was made during market hours today, 18 January 2016.

Meanwhile, the S&P BSE Sensex was down 114.07 points or 0.47% at 24,340.97.

On BSE, so far 40,033 shares were traded in the counter as against average daily volume of 71,435 shares in the past one quarter. The stock hit a high of Rs 2,291 and a low of Rs 2,263 so far during the day. The stock hit a 52-week high of Rs 2,810 on 4 March 2015. The stock hit a 52-week low of Rs 2,252.60 on 14 January 2016. The stock had underperformed the market over the past one month till 15 January 2016, sliding 4.7% compared with Sensex's 3.42% fall. The scrip had had, however, outperformed the market in past one quarter, declining 8.31% as against Sensex's 9.46% fall.

The large-cap company has an equity capital of Rs 1244.49 crore. Face value per share is Rs 5.

The two retail solutions are Optumera Digital Merchandizing Suite, that enables retailers to leverage the power of computational intelligence to deliver shopper centric merchandising and Omnistore: Unified Store Commerce Platform, a micro-services based modern POS platform to help retailers seamlessly orchestrate omni-channel journeys for their customers. These solutions will be showcased at the National Retail Federation BIG Show from 17 to 20 January 2016, TCS said.

TCS' consolidated net profit fell 0.03% to Rs 6083 crore on 0.7% rise in revenue to Rs 27364 crore in Q3 December 2015 over Q2 September 2015.

TCS is an IT services, consulting and business solutions organization. The company offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.

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