Shares of IT sector giant Tata Consultancy Services (TCS) saw a solid hop on Monday. TCS share cost bounced 3.5 per cent on Monday to cross Rs 3,230 for each offer. This is the most elevated level in the previous 52 weeks. Demersal, the organization has as of late delivered the December quarter results, which have been exceptional than anticipated. TCS ‘combined net benefit became 7.17 per cent year-on-year to Rs 8,727 crore in the December quarter. Prior in the September quarter, the organization’s united net benefit remained at Rs 7,504 crore. The Nifty IT list has additionally ascended to 26,800 focuses.
Apart from TCS, other IT stocks also climbed
Apart from TCS, other IT stocks are also touching 52-week highs. Infosys shares are also trading at Rs 1,365.95, its highest level in the last 52 weeks. HCL shares are trading at Rs 1,029 per share, Wipro at Rs 444.95 and Mindtree shares at Rs 1,764.50 per share. At the same time, Tech Mahindra shares are at Rs 1,068.65.
After the share buyback was announced by Wipro. Its shares are also showing an increment of 3.50 per cent. The company’s 9,500 crore buyback offer will be close today. By Friday, Wipro’s buyback offer was subscribed at Rs 326 per cent. Wipro’s board of directors is planning to meet on 13 January. In this meeting, the directors can consider approving the company to audit the quarterly results ended on December 31. In this meeting, the board can also decide to give an interim dividend.
Today stock market boom
After the blast in the worldwide market, the homegrown financial exchange is additionally seeing a blast on Monday. Till this evening, the BSE Sensex acquired 0.66 per cent and the Nifty 50 acquired 0.58 per cent. Notwithstanding, the Bank Nifty is exchanging at the red imprint. Today, Tata Mortars and Maruti Suzuki shares are additionally rising. While, Tata Steel, Hindalco, Adani Ports have a selling environment.