TCS hits record high ahead of Q2 results

TCS rose 3.06% to Rs 2,189 at 13:16 IST on BSE ahead of the company's Q2 September 2013 result announcement tomorrow, 15 October 2013.

Meanwhile, the BSE Sensex was up 53.85 points, or 0.26%, to 20,582.44.

On BSE, 1.16 lakh shares were traded in the counter compared with average volume of 1.49 lakh shares in the past one quarter.

The stock hit a high of Rs 2,194 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 2,125 so far during the day. The stock hit a 52-week low of Rs 1,197.60 on 18 December 2012.

The stock had outperformed the market over the past one month till 11 October 2013, rising 6.58% compared with the Sensex's 2.66% rise. The scrip had also outperformed the market in past one quarter, gaining 36.13% as against Sensex's 4.33% rise.

The large-cap IT company has an equity capital of Rs 195.72 crore. Face value per share is Re 1.

TCS' consolidated net profit rose 6% to Rs 3830.64 crore on 9% growth in sales to Rs 17987.07 crore in Q1 June 2013 over Q4 March 2013.

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

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