After making a weak opening, shares of the company further plunged 6.53 per cent to Rs 2,287 on BSE.
At NSE, shares of the company dived 6.38 per cent to Rs 2,284.75.
Taking the intra-day low price into account, the company's market valuation plummeted by Rs 31,527 crore.
The stock was the worst performer among the bluechips on both Sensex and Nifty components.
Weakness was also seen in other IT counters, with Infosys trading 1.97 per cent lower, Wipro (1.96 per cent) and HCL Tech (2.02 per cent).
The BSE IT index too was quoting down 2.75 per cent at 10,137.74 at 1230 hrs.
Disclaimer: No Business Standard Journalist was involved in creation of this content