TCS Share Price: Shares of Tata Consultancy Services tumbled more than 2% on Friday as the nation's largest IT firm's September quarter results failed to impress investors. Shares of the firm fell 2.35% to Rs 4,128.80 apiece on the BSE. TCS shares dropped 2.30% to Rs 4,130.05 apiece on the National Stock Exchange.

The company's market capitalization (mcap) stood at Rs 14,93,835.97 crore, wiping out Rs 36,036.16 crore. It emerged as the biggest laggard among the BSE Sensex and NSE Nifty firms. The 30-share BSE Sensex fell 256.75 points, or 0.31%, to 81,354.66, while the NSE Nifty fell 37.40 points, or 0.15%, to 24,961.05.

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TCS, the country's largest IT services firm, on Thursday posted a 4.99% increase in net profit to Rs 11,909 crore in the September quarter, owing to a narrowing profit margin.

The Tata Group company reported a net profit of Rs 11,342 crore in the year-ago period as opposed to a net profit after tax of Rs 12,040 crore in the prior June quarter.

Tata Consultancy Services' revenue increased 7.06% to Rs 64,988 crore from Rs 60,698 crore in the year-ago period, and marginally higher than Rs 63,575 crore in the June quarter. The company's board has declared a second interim dividend of Rs 10 per equity share.

Disclaimer: This is only a piece of news about the recent development in the stocks. Jagran does not advise investing, please take experts' opinions before investing. 

(With Agencies Inputs

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