TCS rose 0.85% to Rs 3,027 at 14:52 IST on BSE TCS after the company announced that its flagship product TCS BaNCS has gone live in Gansu Bank, China.
The announcement was made after market hours yesterday, 8 March 2018.Meanwhile, the S&P BSE Sensex was down 30.92 points, or 0.09% to 33,320.65.
On the BSE, 98,000 shares were traded in the counter so far compared with average daily volumes of 91,000 shares in the past two weeks. The stock had hit a high of Rs 3,059.95 and a low of Rs 2,978.55 so far during the day. The stock hit a record high of Rs 3,254.80 on 24 January 2018. The stock hit a 52-week low of Rs 2,255 on 19 April 2017.
TCS announced that its flagship product TCS BaNCS has gone live in Gansu Bank, China. This go-live expands TCS BaNCS' footprint in China with three other large credit unions that are already fully operational in addition to 20 other financial large banks and financial institutions in the country. Gansu Bank is the only provincial city commercial bank directly managed by the Gansu Provincial Government and has approval from China Banking Regulatory Commission.
TCS' consolidated net profit rose 1.31% to Rs 6545 crore on 1.18% growth in net sales to Rs 30904 crore in Q3 December 2017 over Q2 September 2017.
TCS is an IT services, consulting and business solutions provider.
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