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Sensex rebounds by 505 points in early trade; HCL Tech, Tech Mahindra, TCS plunge The Sensex was trading at 48,455.13, showing a rise of 505.13 points or 1.05 per cent in opening deals; while the broader Nifty was trading higher by 150.20 points or 1.05 per cent at 14,509.65 PTI | April 20, 2021 | Updated 11:25 IST The benchmark BSE Sensex rebounded over 500 points and the NSE Nifty recaptured the key 14,500-level in the opening session on Tuesday, as investor sentiment improved following the government s policy response to the resurgence of COVID cases in the country. The Sensex was trading at 48,455.13, showing a rise of 505.13 points or 1.05 per cent in opening deals; while the broader Nifty was trading higher by 150.20 points or 1.05 per cent at 14,509.65. On the Sensex, barring three IT stocks HCL Tech, Tech Mahindra and TCS all shares were trading in the green. On Monday, the BSE Sensex had nosedived 882.61 points or 1.81 per cent, and the NSE Nifty had ....
Tata Consultancy Services (TCS), India’s largest IT services player, reported a strong set of numbers for its fourth quarter of FY21, as clients continued to spend on digital services and focused on reimagining their business operations. The biggest takeaway from the Q4 numbers was the order book at $9.2 billion, the highest ever reported by TCS in a quarter since the company started reporting this metric. TCS’ net profit for the quarter was up 14.9 per cent at Rs 9,246 crore year-on-year, and 6.2 per cent quarter-on-quarter (QoQ). Revenue at Rs 43,705 crore grew 5.9 per cent YoY and 4.2 per cent QoQ. For the full year, the company reported revenue of about Rs 1.65 trillion, up 4.6 per cent but on a constant currency basis revenue was down 0.8 per cent. ....
TCS says this was their strongest autumn in nine years thanks to COVID Rounak JainJan 8, 2021, 19:55 IST Tata Consultancy Services (TCS) announced Q3 resultsIANS Tata Consultancy Services announced its December quarter results, posting double-digit growth of 16.4% in its overall profit. This is the strongest December quarter for TCS in nine years, thanks to COVID-induced acceleration in tech adoption. TCS also announced an interim dividend of ₹6 per share, adding to the ₹12 per share dividend announced in the September quarter.Tata Consultancy Services (TCS) has beaten market expectations and delivered another winning performance in the quarter ending December 2020. It reported its strongest third quarter results in nine years, thanks to COVID-induced acceleration in tech adoption. ....