TCS inches up after securing contract from Symantec Corporation

TCS rose 0.19% to Rs 2,541 at 9:22 IST on BSE after the company said it has partnered with Symantec Corporation, a global leader in information protection and security software, to provide analytics driven security services.

The company made the announcement after market hours on Friday, 23 October 2015.

Meanwhile, the S&P BSE Sensex was up 103.07 points or 0.38% at 27,573.88.

On BSE, so far 3,290 shares were traded in the counter as against average daily volume of 65,179 shares in the past one quarter.

The stock hit a high of Rs 2,548 and a low of Rs 2,533.10 so far during the day. The stock had hit a 52-week high of Rs 2,810 on 4 March 2015. The stock had hit a 52-week low of Rs 2,348.25 on 16 December 2014.

The stock had underperformed the market over the past one month till 23 October 2015, gaining 0.08% compared with Sensex's 6.38% rise. The scrip had, however, outperformed the market in past one quarter, advancing 1.94% as against Sensex's 3.17% fall.

The large-cap IT services provider has equity capital of Rs 195.87 crore. Face value per share is Re 1.

TCS said that the partnership with Symantec Corporation will enable customers to leverage business opportunities, reduce costs and improve productivity through the combination of TCS' security industry expertise with Symantec's security technologies.

TCS' consolidated net profit rose 7% to Rs 6084.66 crore 6% growth in sales to Rs 27165.48 crore in Q2 September 2015 over Q1 June 2015.

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

Powered by Capital Market - Live News