Shares of IT major TCS fell by over 2 per cent today ahead of its second quarter earnings, which were announced after the market hours.
The blue-chip stock went down by 2.17 per cent to end at Rs 2,328.50 on BSE. During the day, it slipped 2.44 per cent to Rs 2,323.25.
On NSE, the stock dipped 2.15 per cent to close at Rs 2,328.90.
After the close of stock market, TCS reported 8.4 per cent rise in consolidated net profit to Rs 6,586 crore for the second quarter ended September 30, 2015-16, saying uncertainties in environment had resulted in holdbacks in discretionary spend by customers.
Led by the decline in the stock, the company's market valuation fell by Rs 10,166.85 crore to Rs 4,58,814.15 crore.
On the volume front, 3.96 lakh shares of the company changed hands at BSE and over 25 lakh shares were traded on NSE during the day.
The BSE benchmark index, Sensex, plunged 439.23 points or 1.56 per cent to close the day at 27,643.11.
Disclaimer: No Business Standard Journalist was involved in creation of this content
