TATA CONSULTANCY SERVICES

Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) services, business solutions and consulting company headquartered in Mumbai, Maharashtra. TCS operates in 44 countries and has 199 branches across the world. It is a subsidiary of the Tata Group and is listed on the Bombay Stock Exchange and the National Stock Exchange of India. TCS is the largest Indian company by market capitalization and is the largest India-based IT services company by 2013 revenues. TCS and its subsidiaries provide a range of information technology-related products and services including application development, business process outsourcing, capacity planning, consulting, enterprise software, hardware sizing, payment processing, software management and technology education services. Its established software products are TCS BaNCS and TCS MasterCraft.

GRAPHICAL REPRESENTATION OF OPENING AND CLOSING PRICES OF TATA CONSULTANCY SERVICES (TCS)
2,500.00

2,000.00

1,500.00 Open 1,000.00 Close

500.00

0.00 1-Sep 2-Sep 3-Sep 4-Sep 5-Sep

26-Aug

19-Aug

20-Aug

21-Aug

22-Aug

23-Aug

24-Aug

25-Aug

27-Aug

28-Aug

29-Aug

30-Aug

31-Aug

6-Sep

INTERPRETATION:

NEWS 19TH AUG 2013 BSE IT index was trading nearly 1 per cent higher, led by gains in HCL Technologies, Infosys, Wipro, TCS and Hexaware Technologies were up 0.5-1 per cent. Infosys was trading 1.03 per cent higher at Rs 3005.30 and Tata Consultancy Services was up 1.01 per cent, to trade at Rs 1797.25.
Source: ET

ANAYSIS: The reason for a sharp depreciation in the rupee and signs of revival in markets such as US and Europe has been the prime reason for strong outperformance of IT stocks.

NEWS 28th AUG 2013 The continuing instability in the rupee, which today hit a historic low of 68 against the US dollar, is affecting IT firms in signing new contracts with foreign clients, IT-ITeS industry body Nasscom said.
Source: PTI

ANALYSIS: With the fall in the value of rupee against dollar helped TCS to reach all time high closing price of Rs 1907.90.

NEWS 29th AUG 2013 Even as a strong bear grip chokes the market the IT companies are having a party on the street and it's all being sponsored by the rupee. As the currency crashes to a shocking 68 against the dollar, sectors like oil and gas are running for cover, while export-dependent tech majors are touching lifetime highs. A look at the top stocks on the Nifty today, one will see that HCL Tech and Tata Consultancy Services (TCS) touched lifetime highs and Infosys and Wipro jumped 35 to 18 percent (year-to-date) respectively.
Source: CNBC TV-18

ANALYSIS:

Again fall of Indian rupee benefited all IT companies including TCS which broke all time high record and reached to Rs. 1947.10. Experts believe that this is only a beginning for IT growth specially TCS.

NEWS 2nd SEPT 2013 Tata Consultancy Services (TCS), India's largest software services exporter, is in final stages of signing a 5-year contract worth about Rs 200 crore with the Income Tax Department to upgrade its IT infrastructure. TCS is in final stages of signing the contract with IT Department. It will happen shortly. The project involves upgrading the entire IT network to smoothen the process of sharing information as well as enhance coordination.
Source: PTI

ANALYSIS: Inching deal with Income Tax Department of India has caused a tall jump in share prices of TCS. Naturally with the association of such deals the company valuation will rise in the market.

NEWS 3rd SEPT 2013 TCS bags multi-million euro deal from Norway's DNB group DNB is Norway's largest financial services group with 32 per cent market share in the retail market in Norway and total group assets exceeding 2,000 billion NOK.
Source: Moneycontrol.com

ANALYSIS: Another benchmark deal with DNB group for six years led to a rise in price of TCS shares to Rs.2050.10

CONCLUSION: TCS has become the fastest growing Indian IT company in past financial quarter of 2013 as all the conditions are favoring its growth. As in the beginning of 2013 the average share price of TCS was 1530.40 where as in September it has jumped to 2075.10. This growth indicates the potential of company and Indian IT industry.