TCS shed 0.4% to Rs 2,632.50 at 12:34 IST on BSE, with the stock extending yesterday's fall triggered by the company saying that its revenue in Q4 March 2015 is expected to be in-line with last year trend.
Meanwhile, the BSE Sensex was up 29.34 points, or 0.1%, to 28,874.12
On BSE, so far 46,668 shares were traded in the counter, compared with an average volume of 87,492 shares in the past one quarter.
The stock hit a high of Rs 2,650 and a low of Rs 2,595.35 so far during the day. The stock hit a record high of Rs 2,834 on 7 October 2014. The stock hit a 52-week low of Rs 2,000.50 on 19 May 2014.
The stock had outperformed the market over the past one month till 9 March 2015, rising 5.09% compared with 2.19% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 4.99% as against Sensex's 3.77% rise.
India's largest IT services provider by sales has an equity capital of Rs 195.87 crore. Face value per share is Re 1.
Shares of TCS had declined 5.12% in four trading days from a recent low of Rs 2,774.70 on 3 March 2015. The stock fell 1.97% to settle at Rs 2,643.15 yesterday, 9 March 2015 triggered by TCS saying at the conference call scheduled on 5 March 2015 that the company's revenue in Q4 March 2015 is expected to be in-line with last year trend. The announcement was made after market hours on 5 March 2015. Retail, manufacturing and Hi-Tech segments are recovering from muted Q3 December 2014, TCS said. TCS said that there will be continued weakness in Diligenta, insurance, and energy businesses. The company expects European business to grow better than average. Strength in ITIS will continue in Q4 March 2015, TCS said. The company said it is likely to see a currency impact of almost negative 275 basis points, (constant currency to rupee revenue) and negative 200 bps (constant currency to dollar revenues). TCS has kept its target EBIT margin band unchanged, the company said.
TCS' consolidated net profit rose 1.6% to Rs 5328 crore on 2.9% growth in revenue to Rs 24501 crore in Q3 December 2014 over Q2 September 2014.
TCS is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.
Powered by Capital Market - Live News
