TCS shares surge after upbeat Q4 earnings

Mumbai: Tata Consultancy Services Ltd shares surged on Tuesday as much as 9.6 per cent after posting a 23 per cent rise in its fiscal fourth quarter profit and giving a relatively upbeat outlook.

TCS's results, which came after the market closed on Monday, were seen as a sign it may be better positioned than rival Infosys.

TCS shares were last up 8.9 per cent, versus a 0.05 per cent gain in the Nifty index.