TCS gains after opening new office in Canada

TCS rose 0.33% to Rs 2,476 at 10:00 IST on BSE after the company announced the opening of its new office in Toronto, Canada.

The announcement was made after market hours yesterday, 29 March 2016.

Meanwhile, the S&P BSE Sensex was up 186.99 points or 0.73% at 25,081.81.

On BSE, so far 2,306 shares were traded in the counter as against average daily volume of 81,901 shares in the past one quarter. The stock hit a high of Rs 2,484.95 and a low of Rs 2,465 so far during the day. The stock hit a 52-week high of Rs 2,769 on 5 October 2015. The stock hit a 52-week low of Rs 2,119 on 29 February 2016. The stock had outperformed the market over the past one month till 29 March 2016, rising 13.11% compared with 8.25% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 0.65% as against Sensex's 4.52% fall.

The large-cap company has an equity capital of Rs 197.04 crore. Face value per share is Re 1.

TCS said that the facility is located in the heart of Toronto city and encompasses three floors and 50,000 square feet, providing a new hub for technical innovation, partner collaboration and industry leading client service.

TCS' consolidated net profit fell 0.02% to Rs 6083.39 crore on 0.68% rise in total income to Rs 28058.19 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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