Tata Consultancy Services Ltd gains for fifth session

20 Aug 2024

Tata Consultancy Services Ltd gains for fifth session

Tata Consultancy Services Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 4501.5, up 0.26% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.53% on the day, quoting at 24703.35. The Sensex is at 80851.87, up 0.53%. Tata Consultancy Services Ltd has risen around 4.99% in last one month.

Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has risen around 4.25% in last one month and is currently quoting at 41236.85, up 0.55% on the day. The volume in the stock stood at 10.73 lakh shares today, compared to the daily average of 22.23 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 4511, up 0.47% on the day. Tata Consultancy Services Ltd is up 32.33% in last one year as compared to a 27.38% spurt in NIFTY and a 34.03% spurt in the Nifty IT index.

The PE of the stock is 35.37 based on TTM earnings ending June 24.

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