Tata Consultancy Services Ltd is up for a third straight session in a row. The stock is quoting at Rs 4154.9, up 2.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.43% on the day, quoting at 23682.8. The Sensex is at 78137.76, up 1.27%. Tata Consultancy Services Ltd has risen around 2.18% in last one month. Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has risen around 0.99% in last one month and is currently quoting at 41952.8, up 1.64% on the day. The volume in the stock stood at 10.99 lakh shares today, compared to the daily average of 20.5 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 4149.65, up 2.04% on the day. Tata Consultancy Services Ltd is up 18.43% in last one year as compared to a 19.6% spurt in NIFTY and a 31.72% spurt in the Nifty IT index.The PE of the stock is 30.74 based on TTM earnings ending September 24.Powered by Capital Market - Live

Tata Consultancy Services has signed a multi-year deal to help Air France-KLM, a Europe-based global aviation leader in passenger transport, cargo transport and aeronautical maintenance, become the most data-centric airline group in the world. Over the next three years, TCS will modernize the airline group's data by moving it to cloud, promoting the next generation of data-driven aviation. This shift will help Air France-KLM exit data centers and harness the strength of the cloud, supporting a sustainable and adaptive aviation industry. The new data architecture will enable the use of data to enhance operations, drive decisions, improve functionality, and gain efficiency. TCS has partnered with Air France-KLM for 30 years to enhance reliability, social media, customer service, and e-commerce. Their digital innovations, including a suite of award-winning mobile apps and features like digital queuing in airport lounges and boarding pass collection via social media, have improved passenger control and comfort. Building on this longstanding partnership, TCS will now assist Air France-KLM in migrating its critical systems and core business data to the cloud, encompassing key areas such as flight operations, passenger information, aircraft maintenance, the airlines e-commerce platforms and much more. This migration will enhance operational efficiency across all business lines, ensuring seamless and secure data management as well as modernize the technology landscape enabling new possibilities. Data can help airlines improve their efficiency, streamline their operations and foster innovation, leading to faster and more personalized flying experience for customers. However, data often resides in a multitude of disparate and unstructured systems. Today, extracting actionable insights and value from enterprise and ecosystem data is a key challenge for many enterprises. The challenge is compounded for the large and complex organization of Air France-KLM which operates multiple airline brands with a fleet of 551 aircrafts flying across 320 destinations in 100 countries. Powered by Capital Market - Live

Tata Consultancy Services, a leading global company in IT services, consultancy and business solutions, has signed a 10-year strategic partnership with Insper, one of Brazil's leading higher education and research institutions. This collaboration aims to advance industry innovation for TCS customers in South America by leveraging technologies like AI, GenAI, IoT, and spatial computing. The collaboration between TCS and Insper will include academic research work, development of technology prototypes, and organization of seminars, hackathons and technology talks using the TCS PaceTM methodology for innovation at scale. TCS will offer its customers across the region exclusive access to its cutting-edge research and innovation capabilities, combined with Insper's academic expertise, ecosystem, labs, and expert resources.Powered by Capital Market - Live

Tata Consultancy Services, a global leader in IT services, consulting and business solutions, has secured a 15-year contract with Ireland's Department of Social Protection (DSP) to implement and support the country's new Auto Enrolment Retirement Savings Scheme, known as the 'My Future Fund.' This initiative will provide a comprehensive, end-to-end digital solution for automatic enrolment of nearly 800,000 workers in Ireland.Powered by Capital Market - Live

Tata Consultancy Services has expanded its collaboration with NVIDIA to launch industry-specific solutions and offerings that will help customers adopt artificial intelligence (AI) faster and at scale. These solutions and offerings will be delivered through TCS' new business unit focused on NVIDIA, under its AI.Cloud business unit. TCS' new business unit builds on a collaboration with NVIDIA for over five years, brings together the complementary capabilities of both organizations and offers tailored offerings for various industries. Enterprises worldwide are racing to adopt AI but there is no consensus on an AI adoption strategy, according to the recent TCS AI for Business Study. The AI adoption journey for every enterprise is unique and involves an interplay of AI and existing enterprise capabilities. AI adoption at scale requires an intimate understanding of the enterprise and its practices and building AI models that are customized for the context. The new unit will design and deliver curated AI adoption strategies by leveraging global centres of excellence (CoEs), investments in the NVIDIA AI platform - including accelerated computing and AI software, and the NVIDIA AI Enterprise and NVIDIA Omniverse platforms - and skilled resources The new unit also offers TCS' proprietary framework, which brings together its deep domain expertise, enterprise contextual knowledge and NVIDIA AI technology for building and deploying agentic AI solutions - including NVIDIA NIM microservices and NVIDIA NIM Agent Blueprints, which are part of the NVIDIA AI Enterprise software platform and NVIDIA AI Foundry - to deliver value at scale to customers. TCS and NVIDIA have collaborated to build innovative, value chain-centric solutions and offerings for industry verticals on the NVIDIA AI platform. They include: 1. TCS Manufacturing AI for Industrials: This offering leverages the power of AI and large language models (LLMs) to transform raw data into actionable insights for manufacturing enterprises. While general purpose LLMs lack the capabilities to understand specific industry nuances, TCS' Manufacturing AI for Industrials LLMs leverage the company's contextual knowledge, technical prowess and the power of NVIDIA's application frameworks to help accurately address industry challenges. 2. TCS AI Spectrum for BFSI: This offering delivers innovative and secure ways of infusing the power of LLMs and AI into BFSI lines at enterprise scale. Built on the NVIDIA AI Enterprise platform, it enables faster decision-making, improved regulatory compliance and enhanced risk management for financial institutions. 3. TCS Cognitive Visual Receiving: This is a holistic composite AI offering built on NVIDIA AI Enterprise and Omniverse that revolutionizes retail warehousing with greater accuracy, efficiency and speed by automating quality check, product identification, measurement and attribute extraction. 4. TCS AI-Native Telco Offerings: These offerings built on NVIDIA AI and NVIDIA Aerial Omniverse Digital Twin enables telcos to rapidly create custom telco domain-specific models to meet business needs such as autonomous network anomaly management, billing & revenue assurance, 3D network visualization and customer experience. 5. TCS AI-based Autonomous Vehicle Platform: TCS' IoT and Digital Engineering unit is working with NVIDIA to leverage generative AI and deep learning technologies, such as Omniverse for simulation and NVIDIA AI Enterprise for synthetic data generation, to accelerate the development of end-to-end autonomous features and capabilities for automotive OEMs and tier 1 suppliers. The collaboration with NVIDIA is part of TCS' broader efforts to strengthen its AI-readiness and build end-to-end capabilities powered by NVIDIA technology to foster enterprise-wide AI transformation for its key customers. Powered by Capital Market - Live

However, revenue from operations grew by 2.63% quarter on quarter (QoQ) to Rs 64,259 crore in second quarter of FY25. On a year on year (YoY) basis, the IT firm's net profit increased 5% and net sales grew by 7.65% in the quarter ended 30 September 2024. Constant currency revenue grew 5.5% YoY in the September 2024 quarter. Operating margin stood at 24.1% while net margin was at 18.5% in Q2 FY25. Profit before tax was at Rs 16,032 crore during the quarter, down 1.23% QoQ and up 4.58% YoY. The company said that growth was led by Energy, Resources and Utilities (up 7%), Manufacturing (up 5.3%). All the growth markets marched above company average: India (up 95.2%), Middle East & Africa (up 7.9%), Asia Pacific (up 7.5%) and Latin America (up 6.8%). TCS' workforce stood at 612,724 as on 30 September 2024. IT services' attrition was at 12.3% for the last twelve months. As on 30 September 2024, the company has applied for 8,354 patents, including 160 applied during the quarter, and has been granted 4,369 patents including 223 granted during the quarter. Meanwhile, the firm's board declared an interim dividend of Rs 10 per equity share. The record date for the same is Friday, 18 October 2024 and the payment date is Tuesday, 5 November 2024. K Krithivasan, chief executive officer and managing director, said: 'We saw the cautious trends of the last few quarters continue to play out in this quarter as well. Amidst an uncertain geopolitical situation, our biggest vertical, BFSI showed signs of recovery. We also saw a strong performance in our Growth Markets. We stay focused on sharpening our value proposition to our clients, employees and other stakeholders.' Samir Seksaria, chief financial officer, said, 'We made strategic investments this quarter in talent and infrastructure to ensure sustainable growth. Our disciplined execution resulted in superior cash conversion. Our longer-term cost structures remain unchanged, and we remain confident in our ability to continue delivering industry leading profitable growth.' Milind Lakkad, chief HR officer, said: 'We welcomed 11,000 associates in the first half of the year, and we remain on track for trainee onboarding as planned. We have also commenced the campus hiring process for FY26. Our strong talent base and increased learning intensity prepares us well for the complex technology transformations that customers entrust us with.' TCS is an IT services, consulting and business solutions organization. It offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. Powered by Capital Market - Live

The Nifty October 2024 futures closed at 25,048, a premium of 83.75 points compared with the Nifty's closing 24,964.25 in the cash market. In the cash market, the Nifty 50 lost 34.20 points or 0.14% to 24,964.25. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, shed 1.24% to 13.33. Tata Consultancy Services, Infosys and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live

Tata Consultancy Services has fixed 18 October 2024 as record date for second interim dividend of Rs 10 per share. Powered by Capital Market - Live

Securities in F&O ban: Bandhan Bank, Birla Soft, Chambal Fertilizers, GNFC, Granules, Hindustan Copper, IDFC First Bank, Manappuram, PNB, RBL Bank, Sail, Tata Chemical. Upcoming Results: Tata Elxsi, Anand Rathi Wealth, Den Networks, Active Clothing, Dr Reddy's Laboratories, Bank of Baroda, Ugro Capital, Diksha Greens, Maruti Suzuki India, and Allied Blenders and Distillers, Reliance Industrial Infrastructure. Stocks to watch: Tata Consultancy Services (TCS)'s consolidated net profit declined 1.09% to Rs 11,909 crore in Q2 FY25 as against Rs 12,040 crore reported in Q1 FY25. However, revenue from operations grew by 2.63% quarter on quarter (QoQ) to Rs 64,259 crore in second quarter of FY25. Meanwhile, the firm's board declared an interim dividend of Rs 10 per equity share. The record date for the same is Friday, 18 October 2024 and the payment date is Tuesday, 5 November 2024. Indian Renewable Energy Development Agency (IREDA)'s standalone net profit jumped 36.14% YoY to Rs 388 crore in Q2 FY25 as compared with Rs 285 crore in Q2 FY24. Revenue increased 38.48% to Rs 1,630 crore in Q2 FY25 as compared with Rs 1,177 crore posted in same quarter last year. Meanwhile, the company has received approval from Department of Investment and Public Asset Management (DIPAM) and the Ministry of Renewable Energy to establish a retail business unit. Anand Rathi Wealth's consolidated net profit jumped 32.23% YoY to Rs 76 crore in Q2 FY25. Revenue rose 35.24% to Rs 242 crore in Q2 FY25 as compared with Rs 183 crore in Q2 FY24. Oberoi Realty has approved to raise Rs 6000 crore via share or other instruments. Mazagaon Dock Shipbuilders has received an order worth Rs 122 crore from Maharashtra State Power Generation company to supply, install and commission AI-based conditions of an order comprehensive infrasecure projects. Endurance Technologies approved Rs 300 crore capex for the alloy wheels greenfield project in Aurangabad. The plant will have a capacity of 1.8 lakh 2-wheeler alloy wheels per month. The start of production is envisaged in the second quarter of the financial year 2025-26. Exide Industries has made further investment of Rs 99 crore in its wholly owned subsidiary, Exide Energy Solutions. The total investment in EESL now stands at Rs 2,852 crore. Infosys has announced a strategic collaboration Zooplus to enhance its service capability and scalability.Powered by Capital Market - Live

However, revenue from operations grew by 2.63% quarter on quarter (QoQ) to Rs 64,259 crore in second quarter of FY25. On a year on year (YoY) basis, the IT firm's net profit increased 5% and net sales grew by 7.65% in the quarter ended 30 September 2024. Constant currency revenue grew 5.5% YoY in the September 2024 quarter. Operating margin stood at 24.1% while net margin was at 18.5% in Q2 FY25. Profit before tax was at Rs 16,032 crore during the quarter, down 1.23% QoQ and up 4.58% YoY. The company said that growth was led by Energy, Resources and Utilities (up 7%), Manufacturing (up 5.3%). All the growth markets marched above company average: India (up 95.2%), Middle East & Africa (up 7.9%), Asia Pacific (up 7.5%) and Latin America (up 6.8%). TCS' workforce stood at 612,724 as on 30 September 2024. IT services' attrition was at 12.3% for the last twelve months. As on 30 September 2024, the company has applied for 8,354 patents, including 160 applied during the quarter, and has been granted 4,369 patents including 223 granted during the quarter. Meanwhile, the firm's board declared an interim dividend of Rs 10 per equity share. The record date for the same is Friday, 18 October 2024 and the payment date is Tuesday, 5 November 2024. K Krithivasan, chief executive officer and managing director, said: 'We saw the cautious trends of the last few quarters continue to play out in this quarter as well. Amidst an uncertain geopolitical situation, our biggest vertical, BFSI showed signs of recovery. We also saw a strong performance in our Growth Markets. We stay focused on sharpening our value proposition to our clients, employees and other stakeholders.' Samir Seksaria, chief financial officer, said, 'We made strategic investments this quarter in talent and infrastructure to ensure sustainable growth. Our disciplined execution resulted in superior cash conversion. Our longer-term cost structures remain unchanged, and we remain confident in our ability to continue delivering industry leading profitable growth.' Milind Lakkad, chief HR officer, said: 'We welcomed 11,000 associates in the first half of the year, and we remain on track for trainee onboarding as planned. We have also commenced the campus hiring process for FY26. Our strong talent base and increased learning intensity prepares us well for the complex technology transformations that customers entrust us with.' TCS is an IT services, consulting and business solutions organization. It offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. Shares of Tata Consultancy Services (TCS) ended 0.56% lower at Rs 4,228.40 on the BSE.Powered by Capital Market - Live