Mumbai: Shares of Indian IT companies fell on Monday, with Tata Consultancy Services Ltd (TCS) dropping as much as 4.04 per cent, the sharpest decline since October 17, after the company told analysts it expects weak third quarter sales.
At 11:19 am, the stock of TCS was trading at Rs 2,375.25, down 3.28 per cent, or Rs 80.45.
Earlier, software service provider said in an analyst conference that its Q3FY15 revenue growth may be subdued due to pressure from seasonality and pressure in its banking, financial services and insurance (BFSI) business.
TCS is the largest employer in the Indian IT industry as well as the private sector. It has a whopping 3,13,757 techies, including over 1,00,000 women employees.
