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Tata Consultancy Services Ltd rose for a third straight session today. The stock is quoting at Rs 3120.2, up 2.4% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.85% on the day, quoting at 25912.35. The Sensex is at 84598.03, up 0.87%. Tata Consultancy Services Ltd has added around 3.76% in last one month.
Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has added around 4.31% in last one month and is currently quoting at 36116.9, up 2.04% on the day. The volume in the stock stood at 24.63 lakh shares today, compared to the daily average of 28.05 lakh shares in last one month.
The benchmark November futures contract for the stock is quoting at Rs 3128.8, up 2.23% on the day. Tata Consultancy Services Ltd is down 24.82% in last one year as compared to a 9.99% gain in NIFTY and a 13.02% gain in the Nifty IT index.
The PE of the stock is 22.98 based on TTM earnings ending September 25.
Tata Consultancy Services (TCS) announced a partnership with Norwegian research and development company SINTEF—one of Europe's largest, independent research foundations. Drawing on TCS's extensive experience in deploying Artificial Intelligence (AI) and digital solutions for clients in industries such as healthcare, energy, and smart cities, and SINTEF's strong research capabilities, the partnership aims to create scalable, real-world innovations.
Together, they will focus on using Social AI to improve elderly care, building on SINTEF's successful eHealth initiative, SMILE (Smart Inclusive Living Environments). SMILE is a platform designed to help senior citizens live independently and safely in their own homes. It acts as both a communication tool and a support system, connecting seniors with family members, caregivers, and even peers in their community. By enabling easy communication, reminders and access to health services, SMILE fosters active living and social engagement.
With multidisciplinary expertise within technology, natural sciences and social sciences, SINTEF works to create innovation through development and research assignments for business and the public sector in Norway and abroad.
Tata Consultancy Services has expanded its 18-year partnership with ABB, a global leader in electrification and automation. The partnership aims to modernise ABB's global hosting operations, simplify its IT landscape, and strengthen its digital foundation to drive resilience and innovation.
As part of this multi-year engagement, TCS will operationalise ABB's Future Hosting Model, a next-generation modular IT infrastructure designed to streamline systems. This model will enable predictive operations, faster service restoration, and continuous security assurance through its AI-powered Zero Ops framework. This extension strengthens a trusted collaboration that has already delivered significant progress for ABB. TCS will help accelerate ABB's Core Platform vision which prioritises modernisation at scale, greater self-service and automation, cloud migration and agility, and orchestration and resilience.
HyperVault has been incorporated to establish multiple AI and Sovereign Data Centers for providing Infrastructure and Technology enabled Services.
Tata Consultancy Services will subscribe to 75,00,000 equity shares of INR 10 each amounting to Rs 7.5 crore as initial capital.
The Nifty IT index rose 2.64% to 36,230.15. Infosys (up 4.40%), HCL Technologies (up 3.19%), TCS (up 2.41%), Mphasis (up 2.20%), Wipro (up 1.74%), LTIMindtree (up 1.47%), Tech Mahindra (up 1.26%), Persistent Systems (up 1.21%), and Coforge (up 1.10%) surged.
Infosys jumped after its promoters decided not to participate in the Rs 18,000 crore share buyback. The move signals confidence in the company’s prospects and improves the buyback entitlement ratio for small investors.
Reports said India and the US are in advanced talks to reduce tariffs on Indian exports to 15-16% from 50%. The IT sector, which earns a large share of its revenue from the US, could gain significantly from the deal.
Meanwhile, the US is reportedly considering curbs on software exports to China, which may benefit Indian IT companies as alternative suppliers.
The rally was also supported by global cues. Investors expect another US Fed rate cut in December, which could lift discretionary spending and technology demand.
Analysts said optimism is returning to the Indian IT space, with hopes of stronger growth in the second half of FY26.
In the cash market, the Nifty 50 index rose 22.80 points or 0.09% to 25,891.40.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 3.85% to 11.73.
Tata Consultancy Services, Infosys and Axis Bank were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The October 2025 F&O contracts will expire on 28 October 2025.