TCS falls 2% ahead of results

Last Updated: Wednesday, April 17, 2013 - 17:47

Mumbai: Shares of IT major TCS Wednesday fell by nearly 2 percent ahead of its quarterly results, to be announced later in the day.

After falling 3.55 percent during the day, shares of TCS finally ended at Rs 1,459.20, down 1.73 percent from the previous close on the BSE.

At NSE, the scrip closed at Rs 1,459.85, with a loss of 1.57 percent.

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 percent 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 percent growth in its net profit.

Country's largest software services firm TCS will announce its fourth quarter, 2012-13, results this evening.

In a volatile trade, the BSE 30-stock index, Sensex, ended at 18,731.16, down 13.77 points.


First Published: Wednesday, April 17, 2013 - 17:47

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