Tata Consultancy Services (TCS) shares slipped on Thursday despite better than expected fourth quarter earnings.
The company has earned profit of Rs 53.58 billion, representing a rise 48.2% while revenues went up 31.2% to Rs 215.51 billion for the fourth quarter of financial year 2013-14.
On quarter on quarter basis, it posted a rise of 0.5% in the net profit and 1.2% rise in the revenues.
Shares of the company are trading at Rs 2,181.65, down Rs 13.35, or 0.61% at the Bombay Stock Exchange (BSE) on Thursday at 9:44 a.m.
The scrip has touched an intra-day high of Rs 2,230 and low of Rs 2,143.10. The total volume of shares traded at the BSE is 119,131.
In the earlier session, the shares fell 2.51%, or Rs 56.55, at Rs 2,195.
Currently, the stock is trading down 8.5% from its 52-week high of Rs 2,384.20 and above 59.95% over the 52-week low of Rs 1,364.