TCS share price falls to one-month low | Check latest
India Today
This happened after TCS slightly missed estimates in the fourth quarter results announced last week.
The share price of Tata Consultancy Services (TCS) on Monday fell 3.5 per cent to a one-month low on Monday. This came as IT stocks suffered losses after Infosys share price plunged 9 per cent. The Sensex fell by 2.05 per cent or 1,194.72 points to 57,144.21 and the Nifty was down by 1.81 per cent or 316.20 points to 17,159.45.
This happened after TCS slightly missed estimates in the fourth quarter results announced last week, as per a Reuters report.
TCS share price was at Rs 3546.40, down by 114.90 points or 3.14 per cent.
TCS share price on BSE India can be checked at https://www.bseindia.com/stock-share-price/tata-consultancy-services-ltd/tcs/532540/ .
TCS share price on NSE was at Rs 3,549.90, down by 112.05 points or 3.06 per cent.
Last week, the software giant reported a 7.4 per cent rise in March-quarter profit on Monday, as more businesses across the world leaned on technology and related services to drive their operations.
The company, India's top IT exporter, reported a net profit of 99.26 billion rupees ($1.31 billion) for the three months to March 31, up from 92.46 billion rupees a year earlier. Analysts on average had expected a profit of 100.01 billion rupees, the Reuters reported.
