TCS shares end lower post Q3 earnings

Shares of TCS today ended lower as the software exporter has reported a marginal dip in net profit in the December quarter due to lower margins.
After falling 2.39 per cent to Rs 2,484 in intra-day trade at the BSE, shares of TCS finally ended at Rs 2,531.90, down 0.51 per cent.
At the NSE, shares of the country's largest software exporter settled 0.52 per cent lower at Rs 2,526.
In terms of volume, 1.84 lakh shares of the company changed hands at the BSE, while over 26 lakh shares were traded at the NSE during the day.
Dipen Shah, Head - Private Client Group Research, Kotak Securities, said: "The results have not provided any positive surprise. The in-line results for 3Q reflect the impact of seasonality as well as softness in a few verticals like Insurance and Energy / Utilities."

TCS had yesterday reported a marginal dip in net profit at Rs 5,328 crore in December quarter due to lower margins, a tepid performance compared to rival Infosys that beat market expectations to log 13 per cent jump in profits.
TCS' operating margin dipped by 2.88 per cent as compared to last year, to 26.9 per cent, but was up 0.21 per cent over the preceding September quarter.