TCS gains over 5 percent after earnings beat estimates

MUMBAI (Reuters) - Shares in Tata Consultancy Services, India's largest software services exporter, rose as much as 5.75 percent on Friday, a day after posting April-June earnings that beat estimates and maintaining an upbeat outlook.

TCS said consolidated net profit for the quarter ended June 30 rose to 38.31 billion rupees from 32.8 billion rupees a year earlier. That topped the 37.8 billion rupees average of 24 analyst estimates, according to Thomson Reuters I/B/E/S.

At 12:10 p.m., the stock was trading up 5.6 percent at 1753 rupees.

(Reporting by Abhishek Vishnoi; Editing by Supriya Kurane)