TCS shares fall over 2% at shut of commerce after firm studies muted development in web revenue in Q3

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New Delhi: Shares of Tata Consultancy Providers (TCS) on Monday fell over 2 % after the corporate reported a muted development in consolidated web revenue for the third quarter ended December 2019.

 TCS shares fall over 2% at close of trade after company reports muted growth in net profit in Q3

Representational picture. Reuters.

The scrip declined 2.16 % to shut at Rs 2,170.25 on the BSE. Through the day, it fell 2.76 % to Rs 2,156.70.
On the NSE, it went decrease by 2 % to shut at Rs 2,174.

In traded quantity phrases, 2.14 lakh shares of the corporate had been traded on the BSE and over 58 lakh shares on the NSE in the course of the day.

The nation’s largest software program companies main, after market hours on Friday, reported a muted 0.2 % development in consolidated web revenue at Rs 8,118 crore for the third quarter ended December 2019.

That is in opposition to a web revenue of Rs 8,105 crore within the year-ago interval, TCS stated in a BSE submitting.

Income of the agency grew 6.7 % within the quarter beneath evaluate to Rs 39,854 crore from Rs 37,338 crore within the corresponding interval of the final fiscal, it added.

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