Mumbai, Jan 18 (Agencies): Buyoed by handsome 3rd quarter profits, TCS on Tuesday hit its all-time high of Rs 1,207 a share in intra-day trading on BSE, before paring some of the gains to close at 5.48 per cent up from its previous close.

The country's largest software firm had on Monday posted 29.93 per cent jump in its consolidated net profit at Rs 2,369.83 crore for the October-December quarter.

Bolstered by the better-then-expected numbers, Tata Consultancy Services scrip had a bull-run and zoomed by 6.04 per cent to hit a lifetime high of Rs 1,207.

It, however, ended at Rs 1,200.55 a piece, up 5.48 per cent on the Bombay Stock Exchange, becoming the best performer on the 30-share benchmark Sensex.

Similarly, the TCS counter witnessed a jump of 5.19 per cent to finish at Rs 1,196.45 on the National Stock Exchange.

"TCS results came in above expectations. Improvement in operating margins was also a pleasant surprise. We expect the stock to do well," Kotak Securities Senior Vice President(PCG Research) Dipen Shah said.

Experts also said that the third quarter numbers of TCS were encouraging not only for the company itself, but for the entire IT sector.

In line with TCS, the IT majors Infosys Technologies and Wipro also witnessed a smart surge of 1.54 per cent and 2.79 per cent, respectively. Led by the strength in the IT counters, the sectoral index gained the most among the 13 indices, closing 170.57 points higher at 6,720.76.

Significant surge in TCS was instrumental in the surge of BSE bellwether Sensex, which settled at 19,092.05, up by 209.80 points from its previous close.