TCS shares jump nearly 5 pc post-December quarter earnings

Shares of Tata Consultancy Services (TCS) jumped nearly 5 per cent on Friday morning after the IT services company reported an 11.95 per cent jump in December quarter net profit to Rs 12,380 crore.

The bellwether stock surged 4.73 per cent to Rs 4,227.70 on the BSE.

At the NSE, it climbed 4.60 per cent to Rs 4,225.

The company’s market valuation soared Rs 69,829.1 crore to Rs 15,30,324.39 crore during the morning trade.

TCS emerged as the biggest gainer among the Sensex and Nifty stocks in an otherwise weak equity market trend.