TCS slips 3% after US court slaps $1 billion fine; to declare Q4 nos later

NEW DELHI: Shares of Tata Consultancy Services, the country’s largest IT services firm, slipped about 3 per cent in Monday's trade after a US-based court slapped a $1 billion fine on the company in a trade secrets theft case.

Reacting to the development, the scrip slumped 2.93 per cent in trade to hit a low of Rs 2,449 on the BSE.

The IT services giant is also expected to announce its March quarter numbers later in the day after market hours.

An ET Now poll sees the company posting a sequential net profit growth of 2.67 per cent and revenue growth of 3.42 per cent.