INDIA'S TCS shares rally for 3rd day on earnings, outlook

MUMBAI Mon Jan 14, 2013 10:47pm EST

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MUMBAI Jan 15 (Reuters) - India's Tata Consultancy Services Ltd shares rose more than 4 percent on Tuesday, a day after topping expectations with a 23 percent rise in October-December profit and reiterating it should beat a closely watched industry growth forecast.

TCS was up 4.3 percent as of 0345 GMT. Shares had already gained 6 percent in the previous two sessions after Infosys Ltd also beat estimates with its earnings results on Friday, while slightly raising its revenue guidance.

(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)


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