TCS slips on reporting 6% fall in Q1 consolidated net profit

14 Jul 2017

Tata Consultancy Services (TCS) is currently trading at Rs. 2403.00, down by 41.05 points or 1.68% from its previous closing of Rs. 2444.05 on the BSE.

The scrip opened at Rs. 2389.00 and has touched a high and low of Rs. 2422.65 and Rs. 2376.10 respectively. So far 1,60,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2740.00 on 12-Aug-2016 and a 52 week low of Rs. 2054.70 on 15-Nov-2016.

Last one week high and low of the scrip stood at Rs. 2513.40 and Rs. 2333.00 respectively. The current market cap of the company is Rs. 4,60,003.00 crore.

The promoters holding in the company stood at 73.31%, while Institutions and Non-Institutions held 22.31% and 4.38% respectively.

The company has reported 5.82% fall in its consolidated net profit at Rs 5,950 crore for the quarter ended June 30, 2017 as compared to Rs 6,318 crore for the corresponding quarter in the FY17. However, total consolidated income of the company increased marginally by 0.87% at Rs 30,543 crore for quarter under review as compared to Rs 30,280 crore for the same quarter in the previous year.

TCS is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. The company offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.


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