New Delhi, Jan 15: After posting fabulous third quarter results, shares of Tata Consultancy Services, India's biggest IT outsourcer, jumped nearly 4.5 per to hit the Rs. 1,400 mark on Tuesday.
At 10:35 am, the stock was trading at 1359.00, up 24.70 points, or 1.85 per cent. Traders renewed buying interests in the stock after the company topped market expectations with a 23 per cent rise in October-December profit.
Global brokerage CLSA upgraded TCS to "outperform" post results and raised its target on the stock to Rs. 1,485. CLSA has been negative on the stock for the past 18 months.
