TCS slides after declaring Q3 result

TCS lost 1.76% to Rs 1,854.90 at 09:35 IST on BSE after the company declared its Q3 result after market hours yesterday, 10 January 2019.

Meanwhile, the S&P BSE Sensex was up 86.55 points, or 0.24% to 36,193.05

On the BSE, 1.68 lakh shares were traded in the counter so far compared with average daily volumes of 1.60 lakh shares in the past two weeks. The stock had hit a high of Rs 1,876.05 and a low of Rs 1,840.10 so far during the day.

TCS' consolidated net profit rose 2.58% to Rs 8105 crore on 2.43% rise in total income to Rs 38501 crore in Q3 December 2018 over Q2 September 2018.

Commenting on the Q3 performance, Rajesh Gopinathan, Chief Executive Officer and Managing Director, said the strong client metrics, industry leading growth in digital services, a very strong order book and deal pipeline are all validations that customers recognize the company's differentiated capabilities and are picking it for their growth and transformation programs.

TCS is an IT services, consulting and business solutions organization.

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