TCS shares skyrocket 8% post Q4 result

TCS share has touched an intraday high of Rs1851.85 per piece giving nearly 8% gain to their investor.

Apr 17, 2020 09:04 IST India Infoline News Service

Tata Consultancy Services (TCS) shares skyrocketed by nearly 8% on stock exchanges during Friday's session. Such upbeat comes right after the company announced financial performance report for the year and quarter ended March 2020. On the bottom-line front, TCS posted a gradual drop, however, saw growth in top-line.

On Sensex, TCS share has touched an intraday high of Rs1851.85 per piece giving nearly 8% gain to their investor. The share opened at Rs1,800 per piece, higher compared to the previous closing of Rs1715.60 per piece.

At around 09:53 AM, TCS was trading at Rs1840.45  per piece surging by Rs124.85 or 7.28% on the index. TCS outrun IndusInd Bank in becoming top gainer on the indexes. 

During Q4FY20, TCS registered a consolidated net income of Rs8,049cr down by 0.84% qoq and 0.94% yoy. The company had posted net income of Rs8,118cr in Q3FY20 and Rs8,126cr in Q4FY19.

Meanwhile, TCS logged consolidated revenue of Rs39,946cr in Q4FY20, up by 0.23% qoq and 5.09% yoy compared to revenue of Rs39,854cr and Rs38,010cr in Q3FY20 and Q4FY19, respectively.

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