Friday, 12 January 2018

TCS Falls On Profit Booking; UBS, Deutsche See Stock At Rs 3,000 In Next 1 Year

Tata Consultancy Services shares fell as much as 1.6 percent in morning Friday despite bagging of USD 2 billion order in US. It was in addition to 0.7 percent loss in previous session following nearly 4 percent rally on Wednesday.

The further correction was largely because of profit booking as third quarter numbers came in line following which analysts retained their ratings.

At 09:42 hours IST, the stock price was quoting at Rs 2,760.20, down Rs 28.20, or 1.01 percent on the BSE.

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