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TCS stock down over 2%

Press Trust of India  |  New Delhi 

Shares of IT major fell by over 2 per cent today ahead of its second quarter earnings, which were announced after the market hours.

The blue-chip stock went down by 2.17 per cent to end at Rs 2,328.50 on During the day, it slipped 2.44 per cent to Rs 2,323.25.

On NSE, the stock dipped 2.15 per cent to close at Rs 2,328.90.

After the close of stock market, reported 8.4 per cent rise in consolidated net profit to Rs 6,586 crore for the second quarter ended September 30, 2015-16, saying uncertainties in environment had resulted in holdbacks in discretionary spend by customers.

Led by the decline in the stock, the company's market valuation fell by Rs 10,166.85 crore to Rs 4,58,814.15 crore.

On the volume front, 3.96 lakh shares of the company changed hands at and over 25 lakh shares were traded on during the day.

The benchmark index, Sensex, plunged 439.23 points or 1.56 per cent to close the day at 27,643.11.

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

First Published: Thu, October 13 2016. 17:32 IST