TCS shares fall 2 per cent ahead of Q4 results
Posted on: 04:55 PM IST Apr 17, 2013
Mumbai: Shares of IT major Tata Consultancy Services (TCS) on Wednesday fell by nearly 2 per cent ahead of its quarterly results, to be announced later in the day. After falling 3.55 per cent during the day, shares of TCS finally ended at Rs 1,459.20, down 1.73 per cent from the previous close on the BSE.
At NSE, the scrip closed at Rs 1,459.85, with a loss of 1.57 per cent. In terms of volume, 3.48 lakh shares of the company changed hands on the BSE, while over 26.39 lakh shares were traded on the NSE.
The company commands a market value of Rs 2,85,597 crore -- the highest for any listed firm in the country. Earlier in the day, country's fourth largest firm HCL Tech posted 72.6 per cent jump in the January-March quarter.
The company's performance was encouraging for the sector in view of that fact that IT market bellwether Infosys had reported just over 3 per cent growth in its net profit. Country's largest software services firm TCS will announce its fourth quarter, 2012-13, results on Wednesday evening. In a volatile trade, the BSE 30-stock index, Sensex, ended at 18,731.16, down 13.77 points.