Tata group stocks: Shares of Tata Group’s IT company TCS (Tata Consultancy Services) are witnessing a strong rise today. The special thing is that even today a big decline is being seen in the stock market. But, despite today’s fall, TCS shares are witnessing a stormy rise. The company’s shares, which closed at Rs 4036.65 on Thursday, opened today with a strong rise at Rs 4200.00. At 10.53 am on Friday, the company’s shares were trading at Rs 4233.10 with a rise of Rs 196.45 (about 5 percent).
Share price reached near 52 week high
Today, on the last day of the week, till the time of writing the news, TCS shares had reached an intraday high of Rs 4236.55 and an intraday low of Rs 4172.15. With today’s rise, the company’s share price has reached near its 52 week high. Let us tell you that the 52 week high of TCS shares is Rs 4585.90 and 52 week low is Rs 3593.30. The current market cap of this largest IT company of India is Rs 15,33,200.77 crore. TCS is the second largest company in the country in terms of market cap after Reliance Industries.
12 percent jump in net profit of TCS
The main reason for the stormy rise in TCS shares today is the company’s excellent results. TCS had announced the results for the third quarter (October-December 2024) of the financial year 2024-25 on Thursday. While announcing the results, the company said that in the third quarter of the current financial year, its net profit increased by 11.95 percent on an annual basis to Rs 12,380 crore. The company’s net profit in the third quarter of the last financial year (2023-24) was Rs 11,058 crore. Apart from this, the net profit of the company in the second quarter of the current financial year was Rs 11,909 crore.
Announcement of huge dividend for investors
Let us tell you that TCS has declared an interim dividend of Rs 10 and a special dividend of Rs 66 on each share for its investors.
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