New Delhi, Oct 13 (PTI) Shares of TCS today gave up most
of early gains and ended flat after the company’s net profit
fell in the September quarter.
The IT bellwether’s scrip ended at Rs 2,556.75, up 0.32
per cent on BSE. During the day, it rose by 2.23 per cent to
On NSE, shares of the company gained 0.40 per cent to
close at Rs 2,558.60.
The company’s market valuation went up by Rs 1,570.48
crore to Rs 4,89,435.48 crore.
India’s largest software exporter TCS yesterday reported
2.1 per cent dip in net profit to Rs 6,446 crore for the
September quarter on softness in banking and retail segments,
but gave better guidance based on client optimism.
The Tata group company posted a net profit of Rs 6,586
crore in the year-ago period. Its revenue grew 4.3 per cent
year-on-year and 3.2 per cent over the preceding June quarter
to Rs 30,541 crore under the Ind AS accounting norms.
The company, which is the crown jewel of the USD 104
billion salt-to-software Tata Group, declared a dividend of Rs
7 per share and set October 26 as the record date.
This is published unedited from the PTI feed.