 "N Chandrasekaran, CEO & MD of Tata Consultancy Services during a press conference announcing the Q3 results of the company in Mumbai (pic: Kamlesh Pednekar)")
Tata Consultancy Services (TCS) closed four per cent down to Rs 2,252 on the BSE, a day after its managing director and chief executive officer N Chandrasekaran was elevated as the chairman of Tata Sons.
However, the stock reacted more to the US president-elect Donald Trump's plan to revamp the H1-B visa programme that allows US firms to hire high-skilled foreign workers. Shares of Infosys, another information technology major, fell 2.5 per cent to close the day at Rs 975on BSE.
"TCS is a professionally managed company. So, one person moving would not make an incremental difference," said Sanjiv Bhasin, executive vice-president,
