India's largest software exporter, Tata Consultancy Services (TCS) shares plunged on Friday after the company reported third quarter earnings. 

It registered a growth of 50.25% in its third quarter net profit. It posted consolidated profit of Rs 53.33 billion for the quarter ended Dec. 31, 2013 as compared to Rs 35.5 billion in the same period last year.

Revenues, on the other hand, climbed 35.5% to Rs 212.94 billion for the quarter ended Dec. 31, 2013 as compared to Rs 160.7 billion in the same period last year.

Shares of the company are trading at Rs 2,272.00, down Rs 79.35, or 3.37% at the Bombay Stock Exchange (BSE) on Friday at 9:32 a.m.

The scrip has touched an intra-day high of Rs 2,300.00 and low of Rs 2,261.15. The total volume of shares traded at the BSE is 61,431.

In the earlier session, the shares lost 0.12%, or Rs 2.90, at Rs 2,351.35.

Currently, the stock is trading down 4.71% from its 52-week high of Rs 2,384.20 and above 74.76% over the 52-week low of Rs 1,300.10.