TCS slips 4% on weak margins in June quarter; IT shares follow suit.
The Nifty IT index tanked over 3 per cent in early trade on Monday
Shares of information technology (IT) companies were under pressure with the Nifty IT index down over 3 per cent
TCS company share falls from price 3225 to 3111 more than 114 points 3.55%. This is a very big fall in the largest IT company in India.
Tech Mahindra's share also drops more than 2.50%. Price falls from 1017 to 987 more than 30 points in 1 Day. Tech Mahindra is one of It companies in India.
Tech Mahindra Stocks's next support will be 942 where the price will take support. It means the price will start increasing after taking support at this level.
Mindtree Stock opened Gap down on Monday. Price touched the lower level of 2766 and more than 3% price drop on 1Day in Mindtree Stock.
Wipro Stock also opens Gap Down on Monday. Price touched the lowe level of 405 and more than 3 % fall from Opening Price.
Motilal Oswal has maintained TCS
Tata Consultancy Services
'buy' call on the stock and sees an upside of 14 per cent to the price of Rs 3,265.
is underweight on the TCS stock with a target price of Rs 2,800. Earnings and margin trajectory don't stand up to burden of valuations, said JPMorgan
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