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Tata Consultancy Companies Ltd extends dropping spree

Tejas Networks bags multi-year contract from Asia Consultancy Group

Tata Consultancy Services Ltd is trading at Rs 3108.6, a decrease of 0.33% from the 1:19 pm IST day on the NSE. The stock rose 70.94% over the past year, compared to a 57.34% rally in the NIFTY and a 100.83% increase in the Nifty IT index.

Tata Consultancy Services Ltd was down for the fifth time in a row today. The stock trades at Rs 3108.6, a 0.33% decrease on the day from 1:19 pm on the NSE. The NIFTY benchmark fell by around 0.02% on the day and is now trading at 14,403.85. The Sensex is at 48122.65, an increase of 0.09%. Tata Consultancy Services Ltd is down 0.4% in the past 1 months. Meanwhile, the Nifty IT index, to which Tata Consultancy Services Ltd belongs, has fallen by 0.25% in the last 1 months. It is currently trading at 25826.7, which corresponds to a decrease of 0.34% on the day. The volume of shares today was 9.84 lakh shares compared to the daily average of 37.07 lakh shares last month.

The reference April futures contract for the stock trades at Rs 3109, down 0.44% on the day. Tata Consultancy Services Ltd rose 70.94% last year, compared to a 57.34% rally in NIFTY and a 100.83% increase in the Nifty IT index.

The P / E of the share is 36.22 based on the TTM result ending March 21.

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(This story was not edited by Business Standard staff and is automatically generated from a syndicated feed.)

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