MUMBAI Jan 15 India's Tata Consultancy Services Ltd shares rose more than 4 percent on Tuesday, a day after topping expectations with a 23 percent rise in October-December profit and reiterating it should beat a closely watched industry growth forecast.
TCS was up 4.3 percent as of 0345 GMT. Shares had already gained 6 percent in the previous two sessions after Infosys Ltd also beat estimates with its earnings results on Friday, while slightly raising its revenue guidance.
(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
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Increased outsourcing of digital technology services by western companies helped Tata Consultancy Services Ltd, India's largest software services exporter, post a 14.5 percent rise in quarterly net profit, meeting market expectations. Full Article