TCS Share Price Down by 5%; BSE IT Index Down 3.4%

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TCS Share Price Down by 5%; BSE IT Index Down 3.4%
Thu, 24 Sep 12:49 PM

TCS share price has plunged 5% and is presently trading at Rs 2,450.

Meanwhile, the BSE IT Index is at 19,804 (down 3.4%).

Among the top losers in the BSE IT Index today is TCS (down 5.2%).

ECLERX SERVICES (up 1.5%) is among the top gainer today.

Over the last one year, TCS has moved up from Rs 2,015 to Rs 2,450, registering a gain of Rs 435 (up 21.6%)..

The BSE IT has moved up from 15,067 to 19,804, registering a gain of 4,737 points (up 31.4%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were PERSISTENT SYSTEMS (up 94.2%), TATA ELXSI (up 80.2%) and INFIBEAM AVENUES (up 78.5%).

New Opportunity: India's #1 Defence Stock

What About the Benchmark Indices?

The BSE Sensex is at 37,304 (down 2.0%). The top gainers among the BSE Sensex stocks today are HUL (up 0.4%) and NESTLE . The most traded stocks in the BSE Sensex are HUL and NESTLE.

In the meantime, NSE Nifty is at 11,015 (down 2.0%). BHARTI INFRATEL (up 3.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 39,090 to 37,304, registering a loss of 1,786 points (down 5.56%).

TCS Financial Update...

TCS net profit down at Rs 70 billion for the quarter ended June 2020, compared to a loss of Rs 81 billion a year ago. Net Sales declined 3.8% to Rs 383.2 billion during the period as against Rs 398.5 billion in April-June 2019.

For the year ended March 2020, TCS reported 2.8% increase in net profit to Rs 324.5 billion compared to net profit of Rs 315.6 billion during FY19.

Revenue of the company grew 7.2% to Rs 1,569 billion during FY20.

The current Price to earnings ratio of TCS, based on rolling 12 month earnings, stands at 28.0x.



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