Shares of TCS fell by nearly 3% today after the company reported a 5.9% decline in consolidated net profit for the April-June quarter. After a weak opening, the stock of the top IT exporter further lost 2.78% to Rs 2,376.10 on the BSE. On the NSE, it dropped 2.91% to Rs 2,375. However, IT stocks were under pressure ahead of the earnings from Wednesday. The benchmark index, Nifty IT lost nearly 70 points, trading lower at 10,367.25 points.
The shares of other tech components of Nifty IT, Oracle Financial Services Software, Tech Mahindra, Wipro, HCL Tech, Tata Elxsi and Just Dial fell up to 1.69%. While Infosys shares went up by 3% to the day’s high of Rs 1,006.85 after the IT major has posted a rise in net profit by 1.4% to Rs 3,483 crore. Shares MindTree and KPIT were also trading higher, up 0.28% and 0.85% respectively.
India’s largest software services firm, Tata Consultancy Services (TCS) yesterday reported a 5.9% decline in its consolidated net profit at Rs 5,945 crore for the April- June quarter, hit by currency volatility. It had posted a net profit of Rs 6,317 crore in the year-ago period, the Mumbai-based firm said in a BSE filing. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
The shares of other tech components of Nifty IT, Oracle Financial Services Software, Tech Mahindra, Wipro, HCL Tech, Tata Elxsi and Just Dial fell up to 1.69%. While Infosys shares went up by 3% to the day’s high of Rs 1,006.85 after the IT major has posted a rise in net profit by 1.4% to Rs 3,483 crore. Shares MindTree and KPIT were also trading higher, up 0.28% and 0.85% respectively.
India’s largest software services firm, Tata Consultancy Services (TCS) yesterday reported a 5.9% decline in its consolidated net profit at Rs 5,945 crore for the April- June quarter, hit by currency volatility. It had posted a net profit of Rs 6,317 crore in the year-ago period, the Mumbai-based firm said in a BSE filing. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
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