TCS shares fall about 2% after Q3 comes about
12 Jan , 2018
Shared by - piyush panday
Offers of TCS fell by almost 2% on Friday after the organization said its net benefit slipped 3.6% out of three months to December.
Notwithstanding opening on a positive note, the stock neglected to hang on the energy and lost 1.59% to Rs 2,744 as the exchange advanced on BSE.
At NSE, offers of the organization plunged 1.79% to Rs 2,740.55.
India's biggest programming exporter TCS on Thursday said its net benefit slipped 3.6% to Rs 6,531 crore in three months to December because of edge pressure and non-abrasiveness in the saving money and budgetary administrations part, which is its biggest income section.
The Tata Group organization had detailed a net benefit of Rs 6,778 crore in the December 2016 quarter under the Ind-AS bookkeeping. In July-September 2017, its net benefit remained at Rs 6,446 crore.