Moneycontrol
Oct 13, 2017 06:44 PM IST | Source: PTI

TCS shares end flat post Q2 results

The IT bellwether's scrip ended at Rs 2,556.75, up 0.32 percent on BSE. During the day, it rose by 2.23 percent to Rs 2,605.60.

TCS shares end flat post Q2 results

Shares of Tata Consultancy Services (TCS) gave up most of the early gains and ended flat after the company's net profit fell in the September quarter.

The IT bellwether's scrip ended at Rs 2,556.75, up 0.32 percent on BSE. During the day, it rose by 2.23 percent to Rs 2,605.60. On NSE, shares of the company gained 0.40 percent to close at Rs 2,558.60. The company's market valuation went up by Rs 1,570.48 crore to Rs 4,89,435.48 crore. India's largest software exporter TCS yesterday reported 2.1 percent dip in net profit to Rs 6,446 crore for the September quarter on softness in banking and retail segments but gave better guidance based on client optimism.

The Tata group company posted a net profit of Rs 6,586 crore in the year-ago period. Its revenue grew 4.3 percent year-on-year and 3.2 percent over the preceding June quarter to Rs 30,541 crore under the Ind AS accounting norms.

The company, which is the crown jewel of the USD 104 billion salt-to-software Tata Group, declared a dividend of Rs 7 per share and set October 26 as the record date.
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