TCS hits 52-week high on strong 

TCS hit 52-week high of Rs 3,287, up 3 per cent on NSE in early morning deals after the company reported announced a strong set of numbers in the March quarter (Q4) as well as for 2017-18, backed by all-round growth in key verticals and geographies, and digital services and solutions.

The Mumbai-headquartered company posted double-digit revenue growth in dollar terms in Q4 for the first time in the last 12 quarters. The management was confident of sustaining this growth rate in the coming quarters.

Hindalco Industries (Rs 196.31 crore), HCL TechnologiesNSE 4.13 % (Rs 160.78 crore), VedantaNSE -1.59 % (Rs 158.91 crore), YES Bank (Rs 142.43 crore), Tata Steel (Rs 131.06 crore), ICICI Bank (Rs 122.69 crore), Tata Motors (Rs 116.32 crore), HPCL (Rs 112.10 crore) and State Bank of IndiaNSE -2.03 % (Rs 98.66 crore) were also among the most active stocks in terms of value on NSE.

The IT major also announced a 1:1 bonus of shares and a dividend of Rs 29 a share, taking the total payout to shareholders at Rs 50 for the year. It has paid about Rs 260 billion to shareholders in dividends and bonuses in 2017-18.

At 9:30 am, the stock was trading at Rs 3,287, up 3 per cent on NSE. It hit a high and low of Rs 3,287 and Rs 3,240 respectively till now.