Meanwhile, the BSE Sensex was down 111.07 points, or 0.66%, to 16,608.76.
On BSE, 3.95 lakh shares were traded in the counter as against an average daily volume of 4.12 lakh shares in the past one quarter.
The stock hit a high of Rs 745.50 and a low of Rs 727 so far during the day. The stock had hit a 52-week high of Rs 730.90 on 18 December 2009 and a 52-week low of Rs 219.58 on 3 March 2009.
The stock had outperformed the market over the past one month till 18 December 2009, rising 5.94% as compared to the Sensex’s 1.64% decline. It outperformed the market in past one quarter, soaring 24.61% as against 0.13% fall in the Sensex.
India’s largest software exporter by sales has an equity capital of Rs 195.72 crore. Face value per share is Rs 1.
The current price of Rs 733.30 discounts the company’s Q2 September 2009, annualised EPS of Rs 27.54, by a PE multiple of 26.62.
Investors watch advance tax figures closely to gauge company’s performance for the period under review. Companies pay advance tax on their estimated earnings every year in four installments. The December 15 installment is crucial since companies pay 30% of their estimated tax outgo by that time, while on a cumulative basis, it amounts to 75% of their annual tax outgo.
TCS’ consolidated net profit rose 6.81% to Rs 1623.90 crore on 3.16% growth in revenue to Rs 7435.10 crore in Q2 September 2009 over Q1 June 2009.
TCS provides IT and business process outsourcing services. The group provides services to industries such as banking and financial services, insurance, manufacturing, telecommunications, retail and transportation.
Promoters have pledged 22.21 crore shares representing 11.35% of the equity capital of the company. Total promoter shareholding in the company is 74.33% (As on 30 September 2009).
Source : http://www.indiainfoline.com/Markets/News/News.aspx?NewsId=361169
