Mumbai: Tata Consultancy Services (TCS), which reported better-than-expected figures for the April-June quarter of FY25, is the cynosure of the stock market on Friday.
Right from the market opening, shares of the company have been rallying. On the BSE, the scrip gained 3.10 per cent to Rs4,044.35 per piece, while on the NSE, it rose 3 per cent to Rs4,044.90.
TCS shares are the biggest gainers among the Sensex stocks.
For the first quarter ended June 2024, the company reported an 8.7 per cent year-on-year rise in its consolidated profit, amounting to Rs 12,040 crore. The company’s net profit for the same period in the previous year was Rs 11,074 crore.
However, the profit was over 3 percent down compared to the previous quarter (January-March).
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