TCS Shares Tank Over 6% After Second Quarter Earnings
NDTV
Shares of Tata Consultancy Services (TCS) plunged more than 6% in early trade on Monday after the company's second quarter (Q2) results for the current financial year 2021-22 (FY22).
New Delhi: Shares of Tata Consultancy Services (TCS) plunged more than 6% in early trade on Monday after the company's second quarter (Q2) results for the current financial year 2021-22 (FY22). The stock dropped to an intraday low of Rs 3,660.
As of the 10:41 am, TCS shares were trading 5.52% or Rs 217.35 lower at Rs 3,717.95. On the NSE platform, the stock was 5.58% or Rs 219.75 down at Rs 3,715.90.
TCS market capitalization (m-cap) fell to Rs 13,72,126 crore from Rs 14,55,687 crore as on Friday.
The country's largest information technology exporter is the first among peers to report earnings for the second quarter.
