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Tata Consultancy Providers Ltd extends dropping spree

Tejas Networks bags multi-year contract from Asia Consultancy Group

Tata Consultancy Services Ltd is trading at Rs 3077.15, down 1.02% on the day from 1:19 PM on the NSE. The stock rose 38.88% over the past year, compared to a 27.11% rally in NIFTY and a 51.16% increase in the Nifty IT index.

Tata Consultancy Services Ltd fell for the fifth consecutive year today. The stock is trading at Rs 3,077.15, down 1.02% on the day from 1:19 pm on the NSE. The NIFTY benchmark fell around 0.46% on the day and is trading at 15243.2. The Sensex stands at 51783.67, which is a decrease of 0.62%. Tata Consultancy Services Ltd is down 4.49% last month. Meanwhile, the Nifty IT index, to which Tata Consultancy Services Ltd belongs, is down 2.31% in the last month. It currently stands at 25,613.95, which is a decline of 1.16% on the day. The volume of shares today was 28.11 lakh shares compared to the daily average of 29.11 lakh shares last month.

The reference February futures contract for the stock trades at Rs 3084.1, down 1.2% on the day. Tata Consultancy Services Ltd rose 38.88% last year, compared to a 27.11% rally in NIFTY and a 51.16% increase in the Nifty IT index.

The P / E ratio of the share is 36.04, 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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