NEW DELHI: Shares of Tata Consultancy Services advanced in Friday's trade after the company reported better than expected Q2 results, beating street expectations.

Following the development, the stock gained 1 per cent to Rs 2,567.85 on BSE. It opened at Rs 2,549.90 and touched an intraday high and low of Rs 2,605.60 and Rs 2,525 respectively, in the first hour of trade.

The country's second-largest software exporter reported 3.2 per cent sequential growth to $4,739 million for the September 2017 quarter. The operating margin improved by 170 basis points to 25.1 per cent after hitting the lowest level of 23.3 per cent in the previous quarter since the March 2008 quarter.

Promoters held 73.57 per cent stake in the company as of June 2017.

For the quarter ended June 30, 2017, TCS reported total revenue at 23,476 crore and net profit stood at 6,670 crore.

The scrip touched its fresh 52-week high of Rs 2,707.40 on August 6, 2017 and its 52-week low of Rs 2,054.70 on November 15, 2016.