New Delhi, TCS’s April 11 (PTI) shares ended on a flat note on Friday, when the country’s largest IT services firm recorded a decline of 1.7 percent in the net profit of the March quarter.
Despite a positive start, the company’s shares faced unstable trends on the stock exchanges. At one point, the stock climbed 1.61 percent to hit the day’s high 3,298.40 on BSE. But, later it slipped 1.25 percent 3,205.25 during the day. IT Belvedar Stock ended later 3,232.30, below 0.43 percent.
On NSE, stock is finished 3,238, declined by 0.26 percent. It hit a high high 3,298.95 and one low 3,206.00 during the day.
In terms of volume, 2.29 lakh shares of the firm were traded on BSE and 71.09 lakh shares were traded on NSE during the day.
Vinod Nair, head of research by Geogit Investments Limited, said, “The result of IT Major missed the road estimates, but it opposed optimism in the late financial year 26 due to development in the financial year.”
TCS (TATA Consultancy Services) recorded a decline of 1.7 percent in the net profit in the March quarter on Thursday. 12,224 crores, large -scale operated by a margin contraction.
The Tata Group Company, which is the first major unit to report January-March quarterly results, also announced that it would postpone the wage increase for its 6.07 lakh employees due to trade uncertainties triggered by tariff issues.
Its FY25 net profit increased by 4.2 percent 48,553 crore behind 6 percent increase in revenue More than 2.55 lakh crore or 30 billion USD.
The company’s managing director and chief executive officer K Krithivasan said that he hoped that FY26 would be better than the FY25 on the revenue front, but accepted the ongoing challenges.