Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm witnessed a fall in share price on Monday after it published business update report for Q3 FY15. The company's management expect Q3 2015 revenue to be in-line with seasonal trends.
Further, Retail, Manufacturing and Hi-Tech likely to see impact of holidays and furloughs, it said. The management of the company is of the opinion that BFSI to be impacted by weakness in Insurance & products. Telecom and smaller verticals to grow better than company average. North America demand environment in-line adjusted for seasonal weakness.
Shares of the company are trading at Rs 2,377.85, down Rs 77.85, or 3.17% at the Bombay Stock Exchange (BSE) on Monday at 10:39 a.m. The scrip has touched an intra-day high of Rs 2,393.80 and low of Rs 2,356.45. The total volume of shares traded at the BSE is 51,045.