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Tata Consultancy Companies Ltd drops for fifth straight session

Tejas Networks bags multi-year contract from Asia Consultancy Group

Tata Consultancy Services Ltd is trading at Rs 3105.5, down 0.19% from the 1:19 pm IST on the NSE. The stock rose 47.71% last year, compared to a 20.42% rally in the NIFTY and a 53.28% increase in the Nifty IT index.

Tata Consultancy Services Ltd fell for the fifth consecutive year today. The stock trades at Rs 3105.5, down 0.19% on the day from 1:19 pm on the NSE. The NIFTY benchmark rose by around 3.4% on this day and is now trading at 14098.85. The Sensex is at 47954.19, an increase of 3.6%. Tata Consultancy Services Ltd is up 2.17% last month. Meanwhile, the Nifty IT index, to which Tata Consultancy Services Ltd belongs, has fallen 1.97% in the last month. It currently stands at 24645.75, which is a decrease of 0.12% on the day. The volume of shares today was 24.81 lakh shares, compared to the daily average of 43.16 lakh shares last month.

The benchmark February futures contract for the stock trades at Rs 3,139.75, up 0.31% on the day. Tata Consultancy Services Ltd rose 47.71% last year, compared with a 20.42% rally in NIFTY and a 53.28% increase in the Nifty IT index.

The P / E ratio of the share is 36.08, based on the TTM result as of December 20.

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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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