The shares of this leading IT firm jumped up to 1 percent to an intraday high of Rs 4,319.95 per share after the company announced a partnership with Rolls Royce to research on Hydrogen fuel technology. The stocks have generated a return of 11 percent in the past 6 months and 26.14 percent over the past year.
Price Movement: With a market capitalization of Rs 15,49,626.88 crores, the shares of Tata Consultancy Services Ltd started Monday’s trading session on a lower note at Rs. 4,299.95 compared to its previous close of Rs. 4,302.40. During the trading session, the shares hit a high of Rs. 4,319.95, gaining around 1 percent and closed the day at Rs. 4,287 apiece.
What happened: According to the stock exchange filings of Tata Consultancy Services Limited the company has announced it is collaborating with Rolls-Royce a British company specialising in civil and defence aerospace technology to advance its sustainable initiatives.
Also read
This collaboration involves research into hydrogen fuel system technology, continuing to prove hydrogen could be a zero-carbon aviation fuel of the future.
Tata consultancy services will provide skilled engineers and support Rolls Royce to address three main challenges in using hydrogen for aviation that is fuel combustion, fuel delivery, and the integration of fuel systems with engines, making sure that all these components work safely.
TCS will leverage its deep domain knowledge of the aircraft manufacturing industry and will support the engineering activities of Rolls-Royce such as system design, component design, supply chain support and program management.
Financials: Examining the consolidated financials of Tata Consultancy Services Limited on a YoY basis, the revenue increased by 2.2 percent from Rs 61,237 crores in Q1FY24 to Rs 62,613 crores in Q1FY25. The net profits decreased by 3 percent from Rs 12,502 crores to Rs 12,105 crores in the same time frame.
Ratios: In terms of return ratios for the year 2024, it has reported a return on equity (ROE) of 50.73 percent and a return on capital employed (ROCE) of 63.51 percent. It has also reported a debt-to-equity ratio of nil for the same time frame.
Employee base: The total employee base of TCS Limited increased by around 1 percent from 601,546 employees in Q1FY24 to 606,998 employees in Q1FY25.
Shareholding Pattern: As of June 2024, the firm’s shareholding pattern stood at 71.77 percent for promoters, 4.82 percent for the public, 12.35 percent for foreign institutional investors, and 11 percent for domestic institutional investors.
About the Company: Incorporated in 1995 and headquartered in Mumbai, Tata Consultancy Services is the flagship company and a part of Tata Group. It is an IT services, consulting, and business solutions organization.TCS offers a consulting-led, cognitive-powered, integrated portfolio of business, technology, and engineering services and solutions.
Written By Zahal
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
