TCS rose 1.13% to Rs 2,619.50 at 14:25 IST on BSE after the company announced a new partnership with Nationwide Building Society in the UK for the provision of the ignio neural automation system.
The company made the announcement during market hours today, 29 September 2015.
Meanwhile, the S&P BSE Sensex was up 371.84 points or 1.45% at 25,988.68.
On BSE, so far 25,000 shares were traded in the counter as against average daily volume of 55,786 shares in the past one quarter.
The stock hit a high of Rs 2,632 and a low of Rs 2,570 so far during the day. The stock had hit a record high of Rs 2,834 on 7 October 2014. The stock had hit a 52-week low of Rs 2,348.25 on 16 December 2014.
The stock had outperformed the market over the past one month till 28 September 2015, rising 0.77% compared with Sensex's 2.94% fall. The scrip had also outperformed the market in past one quarter, declining 0.14% as against Sensex's 7.89% fall.
The large-cap IT services provider has equity capital of Rs 195.87 crore. Face value per share is Re 1.
TCS announced a new partnership with Nationwide Building Society in the UK for the provision of the ignio neural automation system which will initially be used for Batch Performance and Capacity Management. Nationwide, a long-standing TCS customer, selected TCS' Services-as-Software platform ignio- the world's first neural automation system for enterprise IT - as part of its continued transformation of its technology and operations, TCS said in a statement.
TCS' consolidated net profit rose 53.1% to Rs 5684.12 crore on 5.98% growth in net sales to Rs 25668.11 crore in Q1 June 2015 over Q4 March 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.
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