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Mixed reaction from Tata group stocks

TCS closed 4% down to Rs 2,252 on the BSE

Abhineet Kumar 

Tata Consultancy Services (TCS) closed four per cent down to Rs 2,252 on the BSE, a day after its managing director and chief executive officer N Chandrasekaran was elevated as the chairman of Tata Sons.  However, the stock reacted more to the US president-elect Donald Trump's plan to revamp the H1-B visa programme that allows US firms to hire high-skilled foreign workers. Shares of Infosys, another information technology major, fell 2.5 per cent to close the day at Rs 975on BSE. "TCS is a professionally managed company. So, one person moving would not make an ...

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First Published: Sat, January 14 2017. 01:51 IST
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