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January 15, 2013 5:07 PM EST

Tata Consultancy Services Ltd(TCS.NS) opened up around 4.5 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.

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Reuters/Vivek Prakash/Files
Logos of Tata Consultancy Services (TCS) are displayed at the venue of the annual general meeting of the software services provider in Mumbai, June 29, 2012.

TCS was up 1.5 percent as of 10:56 a.m. Shares had already gained 6 percent in the previous two sessions after Infosys Ltd (INFY.NS) also beat estimates with its earnings results on Friday, while slightly raising its revenue guidance.

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(Photo: Reuters/Vivek Prakash/Files / )
Logos of Tata Consultancy Services (TCS) are displayed at the venue of the annual general meeting of the software services provider in Mumbai, June 29, 2012.
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