Tata Consultancy Services Ltd drops for fifth straight session

Tata Consultancy Services Ltd fell for a fifth straight session today. The stock is quoting at Rs 3378.8, down 0.06% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.65% on the day, quoting at 24780.35. The Sensex is at 81473.39, up 0.59%.Tata Consultancy Services Ltd has eased around 2.35% in last one month.Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has increased around 3.71% in last one month and is currently quoting at 36938.1, up 0.71% on the day. The volume in the stock stood at 17.07 lakh shares today, compared to the daily average of 21.98 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 3395.1, down 0.06% on the day. Tata Consultancy Services Ltd tumbled 11.79% in last one year as compared to a 8.58% rally in NIFTY and a 9.34% spurt in the Nifty IT index.

The PE of the stock is 25.46 based on TTM earnings ending March 25.

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