TCS gains 4% in three days, hits 13-week high; stock nears record high

In the past three months, TCS (up 2.5 per cent) has underperformed its peers Infosys (up 14 per cent), Wipro (13 per cent) and Tech Mahindra (30 per cent) by a wide margin.

Shares of Tata Consultancy Services hit a 13-week high of Rs 3,824.85, up 2.3 per cent in Monday’s intra-day trade, gaining 4 per cent in the past three trading days on the BSE. The stock of the information technology (IT) consulting & software major was quoting at its highest level since October 8, 2021, when it had hit a record high of Rs 3,990.

TCS on Friday, December 31, 2021, announced that the meeting of the board of directors of the company is scheduled on January 12, 2022 to consider and approve its audited financial results for the quarter