look news india
Rally In IT Sector Stocks: After the quarterly results of Tata Consultancy Services (TCS) on Thursday, the IT sector stocks in the Indian stock market have gained momentum today. The Nifty IT index rose 1,690 points or 4.53 percent to reach 39,023.
How much increase was recorded in the shares of which company?
The share price of TCS rose by Rs 262 or 6.68 per cent to Rs 4,184.90. Infosys rose by Rs 58.95 or 3.57 per cent to Rs 1,712, Wipro rose by 4.81 per cent to Rs 560.05, HCL Tech rose by Rs 48.40 or 3.20 per cent to Rs 1,560.40.
Cofarge rose by Rs 386.65 or 6.95 per cent to Rs 5950.05, KPIT Tech share price rose by Rs 154.25 or 9.02 per cent to Rs 1,864. LTIMindtree Ltd share price rose by Rs 158.40 or 2.93 per cent to Rs 5,566.
How were the results?
Let us tell you here that in the first quarter of the current financial year, the net profit of TCS has increased by 8.7 percent on an annual basis to Rs 12,040 crore. In the same period a year ago, it was Rs 11,074 crore. Revenue also increased by 5.4 percent to Rs 62,613 crore.