Trending stocks: TCS shares down 3% in early trade

NEW DELHI: Shares of Tata Consultancy Services traded 2.8 per cent down in Thursday 's trade at 09:27AM (IST).
Around 604308 shares changed hands on the counter. The stock opened at Rs 1709.95 and touched an intraday high and low of Rs 1717.6 and Rs 1675.05 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 2296.2 and a 52-week low of Rs 1560.0 .


The largest domestic IT firm is expected to report a marginal sequential fall in fourth quarter profit on a 0.5-2 per cent rise in sales. Margins are seen falling by up to 40 basis points QoQ. The IT major is slated to announce its March quarter results on Thursday.

Financials
Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 650832.37 Crore) operating in IT Software sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 39854.00 Crore, up 2.25 % from last quarter Sales of Rs 38977.00 Crore and up 6.74 % from last year same quarter Sales of Rs 37338.00 Crore. The Company reported net profit after tax of Rs 8143.00 Crore in latest quarter.

Tata Consultancy Services Ltd. key Products/Revenue Segments include Information Technology & Consultancy Services which contributed Rs 97356.00 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2018.

Promoter holding
Promoters held 72.04864 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 20.08 and price to book value of 7.24 .