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TCS drops after declaring Q2 result

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lost 1.86% to Rs 1,942.90 at 09:29 IST on after the company declared its Q2 result after market hours yesterday, 11 October 2018.

Meanwhile, the Sensex was up 524.51 points, or 1.54% to 34,525.66

On the BSE, 1.21 lakh shares were traded in the counter so far compared with average daily volumes of 4.05 lakh shares in the past two weeks. The stock had hit a high of Rs 1,990 and a low of Rs 1,925 so far during the day.

TCS' consolidated net profit rose 7.67% to Rs 7927 crore on 5.91% rise in total income to Rs 37584 crore in Q2 September 2018 over Q1 June 2018. The company's board of directors declared a second interim dividend of Rs 4 per share.

Commenting on the Q2 performance, Rajesh Goplnathan, and MD, said revenue growth was driven by expanding demand for digital transformation across verticals, and continued acceleration in BFSI and Retail.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 12 2018. 09:40 IST