TCS Trading Marginally Higher (24-Aug-2010)
Tata Consultancy Services is currently trading at Rs 875.70, up by 6.80 points or 0.78% from its previous closing of Rs. 868.90 on the BSE.
The scrip opened at Rs 870.00 and has touched a high and low of Rs 879.90 and Rs 868.20 respectively. So far 42140 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 883.40 on 06-Aug-2010 and a 52 week low of Rs 514.10 on 25-Aug-2009.
Last one week high and low of the scrip stood at Rs 880.50 and Rs 862 respectively. The current market cap of the company is Rs 171266.62 crore.
The promoters holding in the company stood at 74.12% while Institutions and Non-Institutions held 20.17% and 5.71% respectively.
India’s leading software exporter, Tata Consultancy Services (TCS), is believed to have won Rs 150 crore worth of order from the Madhya Pradesh (MP) government, as mentioned in few media reports. The contract is for implementing software platform to enable the MP revenue department to keep a close watch on financial deals of the state.
IT major Infosys Technologies was another bidder for the e-governance contract of the state government but TCS managed to bag the deal on lower quotes for operational expenses.
TCS had posted a net profit of Rs 1,556.41 crore for the quarter ended June 30, 2010, up 21.93% over Rs 1,276.44 crore for the quarter ended June 30, 2009. Its total income for the quarter under review stood at Rs 6,447.38 crore against Rs 5,610.86 crore for the year ago period, up 14.91%.
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