TCS Share Price: Stock market news: TCS shares drop over 2%


NEW DELHI: Shares of Tata Consultancy Services Ltd. traded 2.45 per cent down in Thursday’s trade at 12:00PM (IST). Around 483300 shares changed hands on the counter. The stock opened at Rs 2810.1 and touched an intraday high and low of Rs 2827 and Rs 2735, respectively, in the session so far.

The stock quoted a 52-week high of Rs 2880.8 and a 52-week low of Rs 1506.05.

Tata Consultancy Services (TCS) has seen a surge in demand for its services and expects to recruit 10,000 individuals in the US by 2022.

Financials

Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1039635.71 Crore) operating in IT Software sector.

For the quarter ended 30-09-2020, the company has reported a Consolidated sales of Rs 40135 Crore, up 4.73 per cent from last quarter Sales of Rs 38322 Crore and up 2.97 per cent from last year same quarter Sales of Rs 38977 Crore. Company has reported net profit after tax of Rs 7504 Crore in latest quarter.

Tata Consultancy Services Ltd. key Products/Revenue Segments include Information Technology & Consultancy Services which contributed Rs 97356 Crore to Sales Value (100.00 per cent of Total Sales) for the year ending 31-Mar-2018.

Promoter holding

Promoters held 72.05 per cent stake in the company as of quarter ended 31st Sep 2020.

Valuation ratio

It quoted a price-to-earnings ratio of 33.52 and price to book value of 8.13.





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