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    TCS   INE467B01029

TATA CONSULTANCY SERVICES LTD.

(TCS)
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Indian shares end at all-time high as Reliance, TCS gain

12/08/2020 | 05:35am EDT

BENGALURU, Dec 8 (Reuters) - Indian shares closed at a record high on Tuesday as gains in heavyweights Reliance Industries and Tata Consultancy Services helped offset losses in pharmaceuticals and metal sectors.

The NSE Nifty 50 index rose 0.28% to 13,392.95, gaining for a sixth straight day, while the benchmark S&P BSE Sensex ended up 0.4% at 45,608.51.

The indexes have risen more than 3% so far in December, hitting record highs in 13 of the last 20 sessions as markets cheer progress in coronavirus vaccine developments.

The gains also come as India reported its lowest daily increase in coronavirus cases since July 10, according to a Reuters tally.

Reliance, India's biggest company by market value, rose 1.8% to its highest close since mid-November, providing the largest boost to the indexes.

Jio, the conglomerate's telecom unit that has disrupted the industry, will pioneer 5G in India in the second half of 2021, Chairman Mukesh Ambani said in a speech at the India Mobile Congress, adding that policy steps were needed for the early roll-out of the technology.

India's largest IT firm, Tata Consultancy Services Ltd , also boosted the indexes, climbing 2.2% to a near two-month high.

State-run Canara Bank Ltd surged 16.7% after it launched a qualified institutional placement of shares to raise 20 billion rupees ($271.87 million).

Sun Pharmaceutical Industries Ltd slid 2.3%, dragging the Nifty Pharma Index 1.2% lower. The Nifty Metal Index fell 1.2%.

Meanwhile, MSCI's broadest index of Asia-Pacific shares narrowed losses from early trade as Japan announced a new $700 billion stimulus package, but was still down 0.1% as anxiety over the pandemic capped sentiment. ($1 = 73.5637 Indian rupees) (Reporting by Chris Thomas in Bengaluru; Editing by Vinay Dwivedi)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CANARA BANK 1.53% 155.6 End-of-day quote.20.67%
RELIANCE INDUSTRIES LTD 1.83% 2072.5 Delayed Quote.2.52%
SENSEX 30 0.69% 52950.63 Real-time Quote.10.13%
SUN PHARMACEUTICAL INDUSTRIES LTD. 0.14% 775 Delayed Quote.30.66%
TATA CONSULTANCY SERVICES LTD. 1.64% 3219.4 Delayed Quote.10.64%
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Financials
Sales 2022 1 907 B 25 654 M 25 654 M
Net income 2022 394 B 5 296 M 5 296 M
Net cash 2022 431 B 5 792 M 5 792 M
P/E ratio 2022 30,3x
Yield 2022 2,34%
Capitalization 11 909 B 160 B 160 B
EV / Sales 2022 6,02x
EV / Sales 2023 5,32x
Nbr of Employees 488 649
Free-Float 27,8%
Chart TATA CONSULTANCY SERVICES LTD.
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Tata Consultancy Services Ltd. Technical Analysis Chart | TCS | INE467B01029 | MarketScreener
Technical analysis trends TATA CONSULTANCY SERVICES LTD.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Last Close Price 3 219,40 INR
Average target price 3 489,17 INR
Spread / Average Target 8,38%
EPS Revisions
Managers and Directors
Rajesh Gopinathan CEO, MD & Non-Independent Executive Director
Samir Seksaria Chief Financial Officer
Natarajan Chandrasekaran Non-Executive Chairman
K. Ananth Krishnan Chief Technology Officer
N. Ganapathy Subramaniam COO & Non-Independent Executive Director
Sector and Competitors
1st jan.Capi. (M$)
TATA CONSULTANCY SERVICES LTD.10.64%157 592
ACCENTURE PLC21.62%201 453
INTERNATIONAL BUSINESS MACHINES CORPORATION11.98%126 345
INFOSYS LIMITED28.24%91 883
AUTOMATIC DATA PROCESSING, INC.18.97%88 820
SNOWFLAKE INC.-5.57%78 687