Nooresh Merani of AMSEC told CNBC-TV18, "Tata Consultancy Services (TCS) has gone into a much overbought zone. So, from Rs 2,200 plus level it should drop down to Rs 1,900 to Rs 1,800 levels. So, at current point of time the investors can book partial profits and look to get back in on dip."
At 15:00 hrs Tata Consultancy Services was quoting at Rs 2,120.05, down Rs 98.10, or 4.42 percent.
The share touched its 52-week high Rs 2,258.05 and 52-week low Rs 1,223.75 on 15 October, 2013 and 18 December, 2012, respectively.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
