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TCS to ramp up hiring in U.S.

One of India’s largest software services exporter, TCS, plans to ramp up hiring in United States, as per a leading business daily.
According to Girish Ramchandran, Head of Asia Pacific, TCS, it has been recruiting massively from U.S. for last 4-5 years.
TCS earns nearly 50% of its revenue from U.S. & remains positive about the  growing likelihood of even higher revenues in the country as the consumption remains very high.
India’s Information Technology industry has been preparing for the reforms related to the distribution of H1B Visas, required under U.S. President, Donald Trump’s administration.
Ramchandran also added, some of the Chinese firms with global ambitions showcased opportunities, as the Indian IT services provider firm is looking for partners.
The official also added, China’s growth rate is much better, than what TCS is achieving globally.
Stock view:
Tata Consultancy Services Ltd is currently trading at Rs 2453.05, down by Rs 5.85 or 0.24% from its previous closing of Rs 2458.9 on the BSE.
The scrip opened at Rs 2465 and has touched a high and low of Rs 2470 and Rs 2445.95 respectively.
So far 36366(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 484508.53 crore.

The BSE group ‘A’ stock of face value Rs 1 has touched a 52 week high of Rs 2740 on 16-Aug-2016 and a 52 week low of Rs 2054.7 on 15-Nov-2016.
Last one week high and low of the scrip stood at Rs 2548 and Rs 2448.5 respectively.
The promoters holding in the company stood at 73.33 % while Institutions and Non-Institutions held 22.24 % and 4.44 % respectively.
The stock is currently trading above its 200 DMA.