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    HomeNewsBusinessMarketsTCS stock hit by $194 penalty in US court, marginally down amid buoyant market

    TCS stock hit by $194 penalty in US court, marginally down amid buoyant market

    TCS share price marginally in red, even as other IT stocks, Nifty 50 gain. The US court penalty of $194 million likely dragged the stock.

    Moneycontrol News
    June 18, 2024 / 09:29 IST
    A US District Court has fined Tata Consultancy Services (TCS) a total of $194.2 million.

    Tata Consultancy Services share price fell marginally on 18 June -- down 0.2 percent to Rs 3,824, even as the benchmark NSE Nifty 50 soared to a new record high in the opening trade. The TCS stock was hit by the $194-million penalty imposed on it by a US court. Other frontline IT stocks such as Wipro and Infosys gained 2.8 percent and 1.1 percent, respectively.

    To be updated

    Moneycontrol News
    first published: Jun 18, 2024 09:29 am

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