In a week marked by dynamic market movements, Tata Consultancy Services (TCS) emerged as a standout performer, driven by the revelation of its third-quarter financial results. TCS shares experienced notable gains throughout the week, reflecting the positive sentiment surrounding the company’s impressive financial performance.
TCS reported a net profit of ₹11,432 crore in the September quarter, showcasing a substantial growth of 8.7% compared to ₹10,431 crore during the same period last year. The market responded favorably to this stellar financial performance, leading to an upward trajectory in TCS’ share price.
One key highlight of the financial results was a decline in the attrition rate, reaching 13.3% during the given period. Milind Lakkad, Chief HR Officer, expressed optimism about the increasing vibrancy and energy levels in TCS offices as more employees return. He anticipated a return to normal operating mode by the end of the fiscal year, emphasizing the commitment to hiring from college campuses.
As of December 31, 2023, TCS’ workforce comprised 603,305 employees, showcasing diversity with 35.7% women and representatives from 153 nationalities.
The positive momentum in TCS’ share price was further fueled by the company’s strategic initiatives, including ongoing campus hiring and strong interest from freshers. TCS executives outlined progress in national projects, successful products and platforms, and significant strides in upskilling employees in Generative AI.
Investors and market analysts continue to monitor TCS’ shares closely, anticipating further insights into the company’s strategic direction and long-term growth prospects. The positive market response underlines confidence in TCS’ ability to navigate challenges and create sustained value for its stakeholders.
TCS 1 week Data (NSE) –
| Date | series | OPEN | HIGH | LOW | PREV. CLOSE | ltp | close | vwap | 52W H | 52W L | VOLUME | VALUE | No of trades |
| 12-Jan-2024 | EQ | 3,848.00 | 3,905.25 | 3,821.60 | 3,735.55 | 3,881.90 | 3,882.80 | 3,873.63 | 3,929.00 | 3,070.25 | 68,13,450 | 26,39,28,05,818.30 | 3,37,824 |
| 11-Jan-2024 | EQ | 3,724.00 | 3,773.00 | 3,707.00 | 3,713.05 | 3,726.70 | 3,735.55 | 3,738.42 | 3,929.00 | 3,070.25 | 17,77,909 | 6,64,65,66,140.90 | 1,35,916 |
| 10-Jan-2024 | EQ | 3,690.00 | 3,729.25 | 3,688.00 | 3,689.90 | 3,707.05 | 3,713.05 | 3,706.94 | 3,929.00 | 3,070.25 | 12,92,227 | 4,79,02,02,220.40 | 1,11,912 |
| 09-Jan-2024 | EQ | 3,709.95 | 3,752.35 | 3,682.75 | 3,678.30 | 3,696.00 | 3,689.90 | 3,716.16 | 3,929.00 | 3,070.25 | 13,70,944 | 5,09,46,42,955.85 | 1,12,174 |
| 08-Jan-2024 | EQ | 3,737.90 | 3,739.75 | 3,672.40 | 3,737.90 | 3,680.85 | 3,678.30 | 3,696.43 | 3,929.00 | 3,070.25 | 10,67,805 | 3,94,70,62,246.40 | 1,37,547 |
