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TCS shares fall nearly 2% after Q3 results

Press Trust of India  |  New Delhi 

of today fell by nearly 2 per cent after the company said its net profit slipped 3.6 per cent in three months to December.

Despite opening on a positive note, the stock failed to hold on the momentum and lost 1.59 per cent to Rs 2,744 as the trade progressed on

At NSE, of the company dipped 1.79 per cent to Rs 2,740.55.

India's largest yesterday said its net profit slipped 3.6 per cent to Rs 6,531 crore in three months to December due to margin compression and softness in the and financial services sector, which is its largest segment.

The had reported a net profit of Rs 6,778 crore in the December 2016 quarter under the Ind-AS accounting. In July-September 2017, its net profit stood at Rs 6,446 crore.

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

First Published: Fri, January 12 2018. 12:30 IST