Mumbai: TCS, India’s biggest IT services company, surprised investors with a sharp drop in its stock price during early trade on January 14. The fall came despite a stable opening and no major company announcements.
Shares fall by Rs 58
TCS opened at Rs 3,260, matching Friday’s close. But within the first two hours, the stock slid to Rs 3,209.20-a drop of Rs 58.80 or 1.80 percent. It touched a low of Rs 3,202.10 by 11:03 AM, marking one of the biggest early declines among large-cap IT stocks today.
