TCS shares slip over 1.5% publish Q1 outcomes

Shares of Tata Consultancy Services (TCS) slipped over 1.5 per cent within the morning commerce on Friday a day after the IT behemoth reported a 28.5 per cent rise in consolidated internet revenue for the June quarter at Rs 9,008 crore.
After opening on a optimistic notice with a marginal rise, the inventory gave up its preliminary positive factors and slipped into the pink earlier than paring a few of losses.
The TCS inventory fell 1.52 per cent to Rs 3207.65 on the BSE whereas on the National Stock Exchange (NSE), it fell as a lot as 1.59 per cent to Rs 3,206.80.
At 11:57 am, the scrip IT bellwether was buying and selling at Rs 3,216.85 apiece on the BSE, down Rs 40.25 (1.24 per cent), whereas on NSE, it was at Rs 3,215.30, down Rs 43.20 (1.33 per cent). So far in intraday commerce, over 1.32 lakh shares had been traded on the BSE whereas over 42.14 lakh shares exchanged palms on NSE.
Source: BSE
On Thursday, TCS had reported a 28.5 per cent rise in consolidated internet revenue for the June quarter at Rs 9,008 crore as in opposition to Rs 7,008 crore within the year-ago interval.
Consolidated income rose 18 per cent to Rs 45,411 crore from Rs 38,322 crore in June 2020. The firm additionally introduced an interim dividend of Rs 7 per share.