Tata Consultancy Services Ltd drops for fifth straight session

Tata Consultancy Services Ltd fell for a fifth straight session today. The stock is quoting at Rs 2983.9, down 1.7% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.23% on the day, quoting at 24998.35. The Sensex is at 81448.84, down 0.33%.Tata Consultancy Services Ltd has eased around 5.49% in last one month.Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has eased around 3.8% in last one month and is currently quoting at 34994.25, down 0.86% on the day. The volume in the stock stood at 19.03 lakh shares today, compared to the daily average of 25.73 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 2981.5, down 1.85% on the day. Tata Consultancy Services Ltd tumbled 30.49% in last one year as compared to a 4.64% slide in NIFTY and a 17.72% fall in the Nifty IT index.

The PE of the stock is 22.65 based on TTM earnings ending June 25.

Powered by Capital Market - Live News